Singapore News

News from Singapore

Tharman becomes Finance minister

Posted by jtsmyth8 on November 29, 2007

In a widely-anticipated promotion, Mr Tharman Shanmugaratnam becomes Finance Minister from Saturday. He retains his other heavyweight portfolio as Education Minister – for now.

He will hold this post until after the Budget Debate next year, ‘when he will relinquish the appointment and the Prime Minister will make consequential changes to other Cabinet appointments’, said a statement from the PM’s Office on Thursday evening.

The brief three-paragraph statement left unanswered the question of just who will take over at Education.

After six years at the Finance Ministry’s helm, PM Lee Hsien Loong will step aside for Mr Tharman, who became Second Finance Minister in May last year. (story)


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