Current:Home > MarketsSingapore’s prime minister plans to step down and hand over to his deputy before the 2025 election -TradeWise
Singapore’s prime minister plans to step down and hand over to his deputy before the 2025 election
View
Date:2025-04-19 13:11:50
SINGAPORE (AP) — Singapore Prime Minister Lee Hsien Loong said Sunday he planned to bow out and hand over power to his deputy, Lawrence Wong, late next year, before the 2025 general election.
Lee, 71, initially intended to retire before turning 70, but it was shelved because of the COVID-19 pandemic. He has served as head of the long-ruling People’s Action Party, or PAP, and as prime minister since 2004. Last year, he named Wong, who is also finance minister, as his designated successor.
“I have full confidence in Lawrence and his team and there’s no reason to delay their political transition. Therefore, I intend to hand over to DPM (Deputy Prime Minister) Lawrence before the next general election,” Lee said at a party conference.
He said passing the baton to Wong before the national polls will allow the 50-year-old politician to win his own mandate and take the country forward.
“If all goes well, I will hand over (to Wong) by PAP’s 70th birthday next year” in November 2024, Lee said without giving an exact date.
Pausing to hold back his tears, an emotional Lee said he was thankful for the time he had served, and that he would do his utmost to support Wong and his new team.
“After (handing over), I will be at the new PM’s disposal. I will do wherever he thinks I can be useful. I will do my best to help him fight and win the next GE (general election),” Lee added.
Wong, who came to prominence in helping to coordinate Singapore’s fight against COVID-19, will be the city-state’s fourth leader since independence in 1965.
He was picked by PAP as the likely successor to Lee after then Finance Minister Heng Swee Keat, who was earlier tipped to succeed Lee, withdrew his nomination. Heng bowed out after the PAP, one of the world’s longest-serving parties, suffered its worst election performance in 2020. Although the PAP retained its super majority, it lost some seats and support slipped.
Lee is the eldest son of Lee Kuan Yew, who became Singapore’s first prime minister and built the resource-poor city-state into one of the world’s richest nations during 31 years in office. But it has also been criticized for tight government control, media censorship and use of oppressive laws and civil lawsuits against dissidents.
veryGood! (37)
Related
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Why so much of the US is unseasonably hot
- California utility will pay $80M to settle claims its equipment sparked devastating 2017 wildfire
- Love Is Blind’s Bartise Bowden Reveals Real Reason He Hasn’t Shared New Girlfriend’s Identity
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- These Versatile Black Pant Picks Will Work with Every Outfit, for Any Occasion
- Three-man, one-woman crew flies to Florida to prep for Friday launch to space station
- Wild weather’s coming: West readies for snow as Midwest gets a taste of summer
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Man is shot and killed on a light rail train in Seattle, and suspect remains on the loose
Ranking
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- 15-year-old from Massachusetts arrested in shooting of Vermont woman found in a vehicle
- AT&T to offer customers a $5 credit after phone service outage. Here's how to get it.
- U.S. Air Force member dies after setting himself on fire outside Israeli Embassy in Washington in apparent protest against war in Gaza
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- What MLB spring training games are today? Full schedule Monday and how to watch
- Texas man made $1.76 million from insider trading by eavesdropping on wife's business calls, Justice Department says
- Loretta Lynn's Granddaughter Auditions for American Idol: Here's How She Did
Recommendation
Senate begins final push to expand Social Security benefits for millions of people
Death row inmate Thomas Eugene Creech set for execution this week after nearly 50 years behind bars
How To Get Expensive-Looking Glass Hair on a Budget With Hacks Starting at Just $7
Lori Loughlin's Gift to Daughter Olivia Jade Will Have You Rolling With Laughter
The Best Stocking Stuffers Under $25
Priyanka Chopra Embraces Her Fresh Faced Skin in Makeup-Free Selfie
3 charged in ‘targeted’ shooting that killed toddler at a Wichita apartment, police say
Former MLB pitcher José DeLeón dies at 63