SINGAPORE: Dr Richard Hu, who served as Singapore's Finance Minister for 16 years, died on Friday . He was 96.
Deputy Prime Minister Lawrence Wong, in a post on Facebook, paid tribute to Singapore's longest-serving Finance Minister. "I remember working on a Budget where he asked us to get information on the prices of some key essential items at the wet market, so as to get a better feel of the cost of living pressures that people were experiencing then," Mr Wong said.
Dr Hu became MAS chairman in 1985, a position which he held until 1997, and also served briefly as the Minister for National Development from 1992 to 1993. "Dr Hu played an instrumental role in transforming Singapore into a leading financial hub through an overhaul of our financial and banking sectors," he said, adding that his contributions to Singapore will leave a"lasting imprint".
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TODAYonline - 🏆 1. / 99 Read more »