Singapore undecided on succession timeline for heir to PM Lee

Singapore Prime Minister Lee Hsien Loong of Singapore said he is looking forward handing over the reins to Lawrence Wong. - AP

SINGAPORE, April 16 (Bloomberg): Singapore has not yet settled on a timeline as to when Finance Minister Lawrence Wong will take over the reins from Prime Minister Lee Hsien Loong as the city-state’s next premier.

This decision will be based in part on what would help the party win the next election, Lee said in a press conference on Saturday, two days after Wong was named chief of the so-called fourth-generation leadership team.