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BREAKING NEWS

Singapore's finance minister Heng named deputy PM

Singapore's finance minister Heng named deputy PM
FILE PHOTO: Singapore's Finance Minister Heng Swee Keat speaks at a UBS client conference in Singapore, January 14, 2019. REUTERS/Feline Lim -
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FELINE LIM(Reuters)
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SINGAPORE (Reuters) - Singapore finance minister Heng Swee Keat is set to become deputy prime minister, the prime minister's office said in a statement on Tuesday, strengthening expectations he will take over as the future leader of the city-state.

Heng's promotion will take effect on May 1, and will see Teo Chee Hean and Tharman Shanmugaratnam relinquish their roles as deputy prime ministers, the statement said.

Singapore’s ruling party last year named Heng to a key leadership post, putting him in line to take over from current Prime Minister Lee Hsien Loong who has said he will step down in coming years.

(Reporting by Aradhana Aravindan, John Geddie and Anshuman Daga; Editing by Kim Coghill)

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