Singapore names Heng Swee Keat as new finance minister

29 Sep 2015 / 02:00 H.
    Singapore names Heng Swee Keat as new finance minister
    Singapore's Prime Minister Lee Hsien Loong (C) points to a reporter during a news conference next to Deputy Prime Minister and Coordinating Minister for National Security Teo Chee Hean (L) and Deputy Prime Minister and Coordinating Minister for Economic and Social Policies Tharman Shanmugaratnam (R) at the Istana presidential palace in Singapore on Sept 28, 2015. AFP

SINGAPORE: Singapore's new finance minister will be Heng Swee Keat, replacing Tharman Shanmugaratnam who will remain deputy prime minister in a new cabinet, the prime minister announced on Monday, just over two weeks after winning a general election.
Heng is currently education minister and was a former managing director of Singapore's central bank.
Shanmugaratnam, an international financial expert who has worked for the International Monetary Fund, will also be the coordinating minister for economic and social policies.
Prime Minister Lee Hsien Loong told a news conference the new cabinet would prepare the next team of leaders to be ready to take over from him and his senior colleagues after the next general elections, due within five years.
Lee and his People's Action Party, which has ruled the city-state since its independence in 1965, won a convincing general election victory this month, with 69.9% of the vote, the highest win since 2001. — AFP

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