FINANCE Minister Heng Swee Keat will be promoted to Deputy Prime Minister with effect from May 1, the Prime Minister's Office announced in a statement on Tuesday afternoon.
Mr Heng will remain as Minister for Finance and continue to chair both the Future Economy Council and National Research Foundation. The promotion to DPM means Mr Heng will be appointed Acting Prime Minister when Prime Minister Lee Hsien Loong is absent. The two current DPMs, Teo Chee Hean and Tharman Shanmugaratnam, will relinquish their appointments as DPMs with effect from the same date. They will both be appointed Senior Ministers and remain in Cabinet.
Mr Teo will continue as Coordinating Minister for National Security. Mr Tharman will be re‐designated as Coordinating Minister for Social Policies, but will continue to advise the prime minister on economic policies.These were the only changes announced in the first Cabinet reshuffle since May 2018. Last December, Mr Lee had said that changes to Cabinet would be announced after Budget 2019.
Source: News Formal (newsformal.com)
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