Singaporean Prime Minister Lee Hsien Loong submitted his resignation to President Tharman Shanmugaratnam on Monday, with plans for his government to step down on Wednesday. Lee recommended that Lawrence Wong be invited to form the next government. President Shanmugaratnam accepted the resignation and will appoint Wong as the new prime minister.
Lawrence Wong announced at a press conference that Gan Kim Yong and Heng Swee Keat will serve as deputy prime ministers. Gan will also remain the Minister for Trade and Industry and take over as chairman of the Monetary Authority of Singapore from Wong. Additionally, Lee Hsien Loong and Teo Chee Hean will become senior ministers in the new cabinet, while Wong will continue his role as Finance Minister.
Source – CGTN
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