SINGAPORE, – Singapore’s finance minister, Lawrence Wong, has been chosen as leader of the ruling People’s Action Party’s so-called fourth generation team, paving the way for him to potentially become the city-state’s next prime minister.
Stability has long been one of wealthy Singapore’s major strengths, making it a haven for investors and businesses in a region where political upheaval is not uncommon. Leadership succession in the Southeast Asian city-state – which has been governed by the People’s Action Party since 1965 – is normally a carefully planned affair.
4G refers to the ruling party’s so-called fourth generation team of younger leaders, who had to choose a replacement for Heng from among themselves.
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