Singapore Leadership Plan Upended as Heir Apparent Steps Aside

  • Finance Minister Heng calls for younger leader to succeed Lee
  • Move paves the way for Lee to stay on several more years
WATCH: There has been a blow to Singapore's long-telegraphed power transition with the man expected to take over the reins from Prime Minister Lee Hsien Loong stepping aside. (Source: Bloomberg)
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Singapore Finance Minister Heng Swee Keat stepped aside as the designated successor to Prime Minister Lee Hsien Loong, a surprise move that will likely push back a long-telegraphed power transition in the city-state.