Singapore's veteran economic policymaker is resigning to contest the Southeast Asian city-state's presidency, a largely symbolic head of state role.
That means stepping down from his current roles as senior minister and coordinating minister for social policies on July 7.
The prime minister is the head of government in Singapore. Since 1993, the Singapore president has been directly elected by a popular vote. The veteran policymaker is 66 years old this year and the current chairman of the Monetary Authority of Singapore, the country's de facto central bank and financial regulatory authority. He is also on the board of the Group of Thirty, a global council of economic and financial leaders from the public and private sectors and academia.
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