According to MAS, Deputy Prime Minister Lawrence Wong has been appointed as MAS chairman for a term starting on July 8 and extending to the end of May 2026.
SINGAPORE: Deputy Prime Minister Lawrence Wong is set to succeed Senior Minister Tharman Shanmugaratnam as the chairman of the Monetary Authority of Singapore from this Saturday onwards.
Mr Tharman is vacating his seat in Parliament and his ministerial roles as he retires from politics to make a bid for the upcoming Presidential Election. The veteran politician is the clear establishment pick and is set to possibly become Singapore’s fourth PAP MP-turned-President out of Singapore’s five elected presidencies if he gets elected.
Mr Wong, meanwhile, will succeed Prime Minister Lee Hsien Loong as head of government once PM Lee steps down at some point. It is unclear when this leadership transition will take place. According to MAS, Mr Wong has been appointed as MAS chairman for a term starting on July 8 and extending to the end of May 2026.
The central bank also announced that Minister for Trade and Industry Gan Kim Yong will be appointed as Deputy Chairman of MAS and serve as a member of its Board of Directors.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Korea LGBT festival proceeds, bumped from prime spot by Christian groupThe Christian group CTS said it was not trying to thwart LGBT people. Read more at straitstimes.com.
Read more »
PM Lee congratulates Xanana Gusmao on becoming Timor-Leste’s prime ministerThis is the second time Mr Gusmao has been appointed as Timor-Leste's Prime Minister. Read more at straitstimes.com.
Read more »
Mas crashes out of Tour as fellow podium contender Carapaz takes a hitBILBAO, Spain : Spain's Enric Mas became the first of the 176 riders on the Tour de France to abandon the race, quitting during the first stage after crashing heavily on a descent some 22 kilometres from the finish on Saturday.The Movistar leader, a three-time Vuelta a Espana runner-up who finished fifth
Read more »
Singapore's PM Lee congratulates Timor-Leste counterpart Gusmao on inaugurationSINGAPORE: Singapore's Prime Minister Lee Hsien Loong on Saturday (Jul 1) congratulated his Timor-Leste counterpart Xanana Gusmao after he was sworn in as the country's prime minister in a ceremony in Dili. Mr Gusmao was Timor-Leste's first democratically elected head of state, serving as president from 20
Read more »
Timor-Leste independence hero Xanana Gusmao returns to powerIt comes eight years after he resigned as prime minister. Read more at straitstimes.com.
Read more »