Political observers say it s now not clear who would become the Asian financial hub s next prime minister.
He said he turns 60 this year, and cited his age as an obstacle in steering the country in a post-pandemic world.
Heng will relinquish his role as finance minister at the next cabinet reshuffle, which local media said is expected in two weeks time. Still, he will remain as deputy prime minister and coordinating minister for economic policies. It does throw a spanner in the works in terms of Singapore s very carefully laid out succession plans, but I don t see that as a body blow to Singapore s political renewal, Eugene Tan, a law professor at Singapore Management University and a political observer, told CNBC s Street Signs Asia on Friday.
Singapore succession in limbo: 4G team needs to hone fresh working dynamic after GE and Covid-19, analysts say | Singapore
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Singapore s prime minister- to-be withdraws from consideration, citing age
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