{"id":120358,"date":"2021-04-08T11:41:02","date_gmt":"2021-04-08T11:41:02","guid":{"rendered":"https:\/\/precoinnews.com\/?p=120358"},"modified":"2021-04-08T11:41:02","modified_gmt":"2021-04-08T11:41:02","slug":"singapore-deputy-prime-minister-steps-away-from-future-leadership-role-in-shock-announcement","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/politics\/singapore-deputy-prime-minister-steps-away-from-future-leadership-role-in-shock-announcement\/","title":{"rendered":"Singapore deputy prime minister steps away from future leadership role in shock announcement"},"content":{"rendered":"<ul>\n<li>Singapore&#x27;s deputy prime minister Heng Swee Keat said he will be stepping down so that a &quot;younger leader who will have a longer runway can take over.&quot;<\/li>\n<li>Heng, who was expected to take over from Prime Minister Lee Hsien Loong, is also coordinating minister for economic policies and minister of finance.<\/li>\n<li>The prime minister accepted Heng&#x27;s decision, calling it &quot;selfless.&quot;<\/li>\n<\/ul>\n<p>Singapore&#x27;s deputy prime minister announced on Thursday that he will be stepping aside so that a &quot;younger leader who will have a longer runway can take over.&quot;<\/p>\n<p>Heng Swee Keat, who was expected to take over from Prime Minister Lee Hsien Loong, is also finance minister and coordinating minister for economic policies.<\/p>\n<p>Heng will step down from his position as finance minister at the next Cabinet reshuffle, but remain in his other roles.<\/p>\n<p>Lee previously said he would stay on as prime minister until the Covid-19 crisis ends.\u00a0Heng was expected to take over,\u00a0but will now step aside as the leader of the so-called &quot;4G team&quot; \u2014 or Singapore&#x27;s fourth generation leadership.<\/p>\n<p>In a letter addressed to the prime minister, Heng noted that he turns 60 this year.<\/p>\n<p>&quot;When I also consider the ages at which our first three Prime Ministers have taken on the job, I would have too short a runway should I become the next Prime Minister then,&quot; he said. &quot;We need a leader who will not only rebuild Singapore post-COVID-19, but also lead the next phase of our nation-building efforts.&quot;<\/p>\n<p>&quot;After careful deliberation and discussions with my family, I have decided to step aside as leader of the 4G (fourth generation) team, so that a younger leader who will have a longer runway can take over,&quot; he said in the letter. &quot;It will be for the 4G team to choose this person, and I stand ready to support the next leader.&quot;<\/p>\n<p>Lee said he understands and respects Heng&#x27;s decision, calling it &quot;selfless.&quot; He added that Heng will help him to mentor younger ministers as they choose another leader in order to ensure a &quot;smooth and timely leadership transition.&quot;<\/p>\n<p>Singapore&#x27;s &quot;4G leaders&quot; said in a statement that they were glad Heng will remain a member of their team as he continues in his other portfolios.<\/p>\n<p>&quot;We appreciate what a difficult decision it must have been \u2026 We know that he has made the decision with Singapore&#x27;s long-term interests at heart,&quot; they said.<\/p>\n<p>Still, they acknowledged that the &quot;unexpected turn of events is a setback&quot; for their succession planning, and said they were grateful that the prime minister has agreed to stay on until a new successor is ready to take over.<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/04\/08\/singapore-deputy-prime-minister-steps-away-from-future-leadership-role.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapore&#x27;s deputy prime minister Heng Swee Keat<\/p>\n","protected":false},"author":3,"featured_media":120357,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23055],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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