Singapore Prime Minister Lee Hsien Loong has announced that he will be stepping down on May 15 after serving as the country's leader for two decades. He will be succeeded by his deputy Lawrence Wong, who currently holds the positions of deputy prime minister and finance minister.
Lee, 72, will formally advise the city-state's president to appoint Wong as his successor. Wong, who has the unanimous support of lawmakers in the long-ruling People's Action Party, will be sworn in at the national palace on the same day.
