SINGAPORE — Prime Minister Lee Hsien Loong on Saturday paid tribute to the late Dr Richard Hu, saying the country owed the former finance minister its gratitude for a"lifetime of contribution and service to nation".
Dr Hu joined the GIC Board when it was first formed in 1981 and was its first private sector member. He would go on to lead GIC's real estate arm and"with him at the helm, the GIC real estate team made its first foray into the region, and has since grown into a global real estate institutional investor", said Mr Lee.
Mr Lee noted that Dr Hu also"oversaw the overhaul of our securities regulatory framework, which facilitated the subsequent development of our capital markets and laid the foundation for Singapore to become a thriving global financial hub". Mr Lee also acknowledged Dr Hu’s contributions to key financial policies in Singapore, including the introduction of the goods and services tax in 1994.
Mr Lee added that Dr Hu “did not just push through the GST”, but also introduced a comprehensive package of support and offset to help businesses and households cope.
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Singapore's longest-serving finance minister Richard Hu dies aged 96SINGAPORE — Dr Richard Hu, who served as Singapore's Finance Minister for 16 years, died on Friday (Sept 8). He was 96.
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Singapore's longest-serving finance minister Richard Hu dies aged 96Deputy Prime Minister Lawrence Wong and Deputy Prime Minister Heng Swee Keat paid tribute to Dr Hu, who was Singapore's Finance Minister from 1985 to 2001.
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'His wisdom and foresight shaped our key policies': Tributes pour in following death of ex-finance minister Richard HuSINGAPORE – Former Cabinet minister and Singapore’s longest-serving finance minister Richard Hu Tsu Tau died on Friday. He was 96. His death was disclosed in a Facebook post on Friday night by Deputy Prime Minister Lawrence Wong. Mr Wong noted that Dr Hu was Singapore’s longest-serving finance minister. Dr Hu had held the post from 1985 to 2001. “He stewarded...
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Former Finance Minister Richard Hu dies aged 96SINGAPORE: Former Finance Minister Richard Hu died on Friday (Sep 8) at 96 years old. Dr Hu first entered politics in 1984 after contesting in the General Election as a member of the People's Action Party for the Kreta Ayer constituency, where he was elected as a Member of Parliament Therea
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Richard Hu, S’pore’s longest-serving finance minister, dies aged 96He also held ministerial portfolios of health and national development during his years in the Cabinet. Read more at straitstimes.com.
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