On Thursday, Singapore’s deputy prime minister announced that he will be stepping aside so that a “younger leader who will have a longer runaway can take over.”
As per the report Heng Sweet Keat is expected to take over from Prime Minister Lee Hsien who is the coordinating minister for economic policies and minister of finance.
At the next cabinet reshuffle, Heng will be stepping down from the position of finance minister.
Lee previously mentioned that he will be staying a prime minister till the covid-19 crisis ends. Heng was expected to take over but now stepped aside as the leader of the so-called “4G team” or Singapore’s fourth-generation leadership.
Heng in a letter to Lee mentioned that he is turning 60 this year.
“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,” he said. “We need a leader who will not only rebuild Singapore post-COVID-19 but also lead the next phase of our nation-building efforts.”