Singapore Charts New Path After Decades of Lee Family Rule

  • Deputy Prime Minister Lawrence Wong set to replace Lee in May
  • Cost of living risks, timing of election to be closely watched
Lee Hsien LoongPhotographer: Roslan Rahman/AFP/Getty Images

For most of Singapore’s history as an independent nation, there has been a Lee at the helm. That’s now coming to an end.

Lee Hsien Loong announced on Monday that he will step aside next month after 20 years as prime minister, completing a telegraphed political succession that’s been in the works in some form since before the Covid-19 outbreak.