Singaporean PM submits resignation
Singaporean Prime Minister Lee Hsien Loong on Monday submitted his resignation to President Tharman Shanmugaratnam, saying he and his government will resign on Wednesday.
Singaporean Prime Minister Lee Hsien Loong. Photo courtesy of Bloomberg.
As reported by Xinhua News Agency, Lee said in the letter that he advised the president to invite Lawrence Wong to form the next government. Tharman Shanmugaratnam accepted Lee's resignation and said he will appoint Wong as PM.
Gan Kim Yong and Heng Swee Keat will be deputy PMs in the new government, Wong announced at a press conference. Gan will remain as the Minister for Trade and Industry and replace Wong as the chairperson of the Monetary Authority of Singapore.
Lee Hsien Loong and Teo Chee Hean will be senior ministers in the new cabinet, said Wong, who will remain as the Finance Minister.
- Related News
- Read More
Chinese e-commerce platform Temu suspends operations in Vietnam
Temu, a prominent Chinese e-commerce platform, has suspended its operations in Vietnam after failing to secure the necessary permit from Vietnamese authorities.
Companies - Thu, December 5, 2024 | 9:32 am GMT+7
VAFIE to hold tax and customs workshop in northern Vietnam province
The Vietnam’s Association of Foreign Invested Enterprises (VAFIE) will organize a workshop on tax and customs procedures today afternoon in the northern province, in collaboration with Ha Nam province's Tax Department
Companies - Thu, December 5, 2024 | 9:24 am GMT+7
Vietnam life insurance revenue on the decline
The Vietnamese life insurance sector's premium revenue declined 5.5% year-on-year to VND132.2 trillion ($5.2 billion) in the first 11 months of 2024, according to the Ministry of Finance.
Finance - Thu, December 5, 2024 | 9:10 am GMT+7
SeABank: Partnering with SMEs through flexible and sustainable financing solutions
In the latter half of 2024, economic fluctuations have posed significant financial challenges for small and medium-sized enterprises (SMEs).
Banking - Thu, December 5, 2024 | 8:51 am GMT+7
Vietnamese banks raise deposit rates as year-end loan demand surges
With capital demand surging toward the year-end, numerous banks in Vietnam, particularly smaller ones, have increased their interest rates to attract more deposits.
Banking - Thu, December 5, 2024 | 8:19 am GMT+7
Thailand's economy improves in October
Thailand's economy improved in October due to tourism, exports and private consumption, which was helped by the government's economic stimulus measures, according to the Bank of Thailand (BoT).
Southeast Asia - Wed, December 4, 2024 | 11:25 pm GMT+7
ExxonMobil considers selling petrol stations in Singapore
U.S.-based oil major ExxonMobil is considering a sale of its petrol stations in Singapore, which can raise about $1 billion.
Southeast Asia - Wed, December 4, 2024 | 11:22 pm GMT+7
Indonesia, Canada ink CEPA to expand trade, investment opportunities
Indonesia and Canada have signed the Comprehensive Economic Partnership Agreement (CEPA), marking a milestone in strengthening economic relations between the two G20 countries.
Southeast Asia - Wed, December 4, 2024 | 11:19 pm GMT+7
Thai firms join hands to promote clean energy
Thailand’s leading corporations and conglomerates are collaborating on a roadmap to phase out polluting fossil fuels and shift towards clean energy for sustainable development.
Southeast Asia - Wed, December 4, 2024 | 11:17 pm GMT+7
Singapore, S Korea, China Vietnam's biggest investors in Jan-Nov
Singapore was the largest foreign investor in Vietnam in terms of registered capital in January-November, while China led the pact regarding new projects.
Economy - Wed, December 4, 2024 | 6:40 pm GMT+7
Vietnam’s Mekong Delta city okays Aeon Mall project
Can Tho city on Wednesday gave an in-principle nod to Vietnamese firm Hoa Lam Group and Japan-invested Aeon Mall Vietnam Co. Ltd. to build a mall.
Industries - Wed, December 4, 2024 | 6:09 pm GMT+7
Investment opportunities drive demand for high-end properties in Vietnam: association
High-end properties in Vietnam are gaining increasing popularity among both local and foreign buyers, driven in part by attractive investment opportunities, remarks the Vietnam Association of Realtors (VARS).
Real Estate - Wed, December 4, 2024 | 3:46 pm GMT+7
Singapore UOB to boost high-tech FDI into Vietnam
Singapore’s United Overseas Bank (UOB) will boost high-quality foreign direct investments (FDI) into Ho Chi Minh City, especially in high technology, digital technology, green growth, sustainability, infrastructure, and renewables.
Industries - Wed, December 4, 2024 | 12:40 pm GMT+7
New airport to be built in Vietnam Central Highlands province
Mang Den Airport in the Central Highlands province of Kon Tum is set to be built under a public-private partnership (PPP) model, with total investment of nearly VND5 trillion ($196.8 million) for the first phase.
Infrastructure - Wed, December 4, 2024 | 12:24 pm GMT+7
VSIP to delay service-urban area section in central Vietnam project by 3 years
Vietnam’s central province of Nghe An has allowed VSIP Nghe An Co. Ltd., the investor of an industrial park per the Vietnam-Singapore Industrial Park (VSIP) model, to delay the $216 million service-urban area section by three years.
Industrial real estate - Wed, December 4, 2024 | 11:54 am GMT+7
Bourse status upgrade prospect to draw back foreign investors: expert
While there are still many favorable factors for Vietnam's stock market, the potential for a market status upgrade is expected to help attract foreign capital back in the near future, said Ho Thuy Ai, deputy CEO of Phu Hung Fund Management JSC.
Finance - Wed, December 4, 2024 | 9:13 am GMT+7
