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Singapore deputy PM steps aside as future PM, in succession setback

Heng, who will turn 60 this year, is set to give up his portfolio as finance minister at the next cabinet reshuffle, which local media said is expected in about two weeks.

Singapore
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Heng will continue as deputy prime minister, but will step aside as leader of the ruling party’s fourth-generation team, a term used to describe its future leaders

Reuters
Singapore’s Deputy Prime Minister Heng Swee Keat will step aside as the designated successor to current premier Lee Hsien Loong, in an unexpected decision that disrupts the city-state’s succession plans.

“We need a leader who will not only rebuild Singapore post-Covid-19, but also lead the next phase of our nation-building effort,” Heng said in a letter published on Thursday.

Heng, who will turn 60 this year, is set to give up his portfolio as finance minister at the next cabinet reshuffle, which local media said is expected in about two weeks.

Succession in the wealthy Southeast Asian city state - which has been