Lawrence Wong to take charge as Singapore’s Prime Minister Lee Hsien Loong set to step down
- In Reports
- 06:58 PM, Apr 15, 2024
- Myind Staff
After two decades in office, Singapore Prime Minister Lee Hsien Loong has announced his decision to step down from his position. The planned succession will see Lawrence Wong introduced as his successor.
Wong, currently holding the positions of finance minister and deputy prime minister, has garnered unanimous support from lawmakers within the ruling party, as confirmed in a statement released by the Prime Minister's Office.
In a social media post, Lee urged Singaporeans to unite in support of Wong and his team as they steer the nation's future course.
Under Lee's leadership, Singapore experienced a notable economic transformation, witnessing a significant rise in its gross domestic product per capita to almost $92,000, placing it among the top ranks globally. Concurrently, Singapore bolstered its position as a hub for foreign investment amidst increasing regional competition.
In an Instagram video, Wong vowed unwavering dedication to serving the country and its people. Lee, who was initially elected in 1984, took office as prime minister in 2004, emerging as one of the world's most enduring political figures.
Lee Kuan Yew, his late father, led Singapore as its first prime minister from 1959 to 1990. Following their resignations, both Lee and his predecessor Goh Chok Tong were appointed as senior ministers.
Despite securing 89 percent of parliamentary seats in the 2020 election, the ruling People's Action Party faced increasing pressure from the opposition, which advocated for measures to alleviate the challenges faced by low-income citizens and prioritise local employment over foreign labour.
Lee's decision to align the leadership transition with the upcoming 2025 elections demonstrates his commitment to facilitating a smooth handover, ensuring support for the incoming premier as required.
However, Wong faces a multitude of challenges, including ongoing worries about the cost of living and the competitiveness of the workforce.
Moreover, recent scandals have tarnished the ruling party's reputation for clean governance, with a minister facing corruption charges and subsequently resigning. This necessitates a determined approach to rebuild public trust.
Image source: The Strait Times
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