Reuters reported that Mr Wong had been chosen as leader of the ruling People’s Action Party (PAP), paving the way for him to become prime minister.
“The plan is for Lawrence to succeed me as prime minister, before or after (if the PAP wins) the next general election. It’s going to be in 2025 and it’s going to be an uphill battle for sure.” Prime Minister Lee Hsien Loong wrote on social media on April 16.
At a press conference, Prime Minister Lee Hsien Loong said: “I am 70 years old and hope to hand over the task to Lawrence when he is ready.” Prime Minister Lee Hsien Loong has been the leader of Singapore since 2004.
Singapore Finance Minister Lawrence Wong. Photo: Reuters
Mr. Wong, 49, helped Singapore weather the Covid-19 pandemic as co-chair of the government’s Covid-19 task force. He is considered by analysts to be the successor of Prime Minister Lee Hsien Loong.
Mr. Wong said when asked about the major problems facing the country: “The pandemic is not over, we have to get through it. There are significant economic challenges to deal with arising from the war in Vietnam. Ukraine, in particular, is the threat of higher and more persistent inflation coupled with weaker growth.”
Mr. Wong also stressed that Singapore needs to look further to position itself in a “more complex, volatile and unpredictable world” than before.
Political stability is one of Singapore’s main strengths, making it a haven for investors and businesses in the region, according to Reuters.
Leadership appointments since Singapore gained independence in 1965 are often carefully planned. However, the unexpected happened last year when Deputy Prime Minister Heng Swee Keat decided to step down from the position of succeeding Prime Minister Lee Hsien Loong.
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