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Singapore’s finance minister steps aside as PM-designate in major shake-up to leadership transition

Singapore’s Deputy Prime Minister Heng Swee Keat on Thursday unexpectedly took himself out of the running to become the country’s next leader, marking a major shake-up in the succession plan of the ruling People’s Action Party (PAP) after a weaker-than-expected electoral showing last year.In a press conference, Heng said he was relinquishing his position as the unofficial leader of the so-called 4G or fourth-generation group of PAP leaders who are slated to succeed Prime Minister Lee Hsien…Singapore’s Deputy Prime Minister Heng Swee Keat on Thursday unexpectedly took himself out of the running to become the country’s next leader, marking a major shake-up in the succession plan of the ruling People’s Action Party (PAP) after a weaker-than-expected electoral showing last year.In a press conference, Heng said he was relinquishing his position as the unofficial leader of the so-called 4G or fourth-generation group of PAP leaders who are slated to succeed Prime Minister Lee Hsien…Read MoreSouth China Morning Post