Lawrence Wong, Singapore’s finance minister and deputy prime minister in Sept, 2021.
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The Financial Authority of Singapore (MAS) named Deputy Prime Minister Lawrence Wong as chairman of its board of administrators efficient July 8.
Wong, who’s the nation’s finance minister, will substitute Tharman Shanmugaratnam, who held the function for 12 years since Could 2011, the discharge stated.
MAS is the nation’s monetary regulator and central financial institution.
Wong, who was deputy chairman of MAS since June 2021, will function chairman till Could 31, 2026, in keeping with the press launch.
Singapore’s Minister for Commerce and Business Gan Kim Yong might be appointed deputy chairman of the MAS Board for a similar interval, from July 8 to Could 31, 2026.
Singapore’s Straits Occasions index noticed a bounce shortly after the announcement, paring earlier losses and final traded 0.33% larger.
It is a breaking information story. Please verify again for updates.