by BERNAMA / pic by BLOOMBERG
SINGAPORE – Singapore Prime Minister Lee Hsien Loong (picture) Friday announced a Cabinet reshuffle effective May 15 that will see seven portfolios change hands while Heng Swee Keat remains as the deputy prime minister.
The reshuffle comes two weeks after Heng said he will step aside as the leader of the fourth-generation People’s Action Party (PAP) leadership team.
“Two weeks ago, I told you that we were planning a Cabinet reshuffle. Today I am announcing the new line-up. It will be a more extensive reshuffle than is usual this early in the term of government,” Lee told a press conference at the Istana. A transcript of Lee’s remarks at the press conference was made available to the media.
The reshuffle will also see Heng continue to serve as the Coordinating Minister for Economic Policies but relinquish the portfolio of Finance Minister which will now go to Lawrence Wong.
“Lawrence has been assisting Swee Keat as Second Minister since 2016, so he has the experience, and is a natural fit for the job,” Lee said, adding that the Ministry of Finance team is otherwise unchanged. Indranee Rajah will remain as the Second Minister.