Singapore’s finance minister steps aside as PM-designate in major shake-up to leadership transition

Apr 8, 2021 | INVESTING

Singapore’s Deputy Prime Minister Heng Swee Keat on Thursday unexpectedly took himself out of the running to become the country’s next leader, marking a major shake-up in the succession plan of the ruling People’s Action Party (PAP) after a weaker-than-expected electoral showing last year.In a press conference, Heng said he was relinquishing his position as the unofficial leader of the so-called 4G or fourth-generation group of PAP leaders who are slated to succeed Prime Minister Lee Hsien…

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