Singapore's Lawrence Wong retains finance chief post after becoming PM

SINGAPORE -- Singapore's incoming leader, Lawrence Wong, will remain as finance minister after he becomes prime minister on Wednesday, according to the new cabinet lineup released Monday, as he emphasizes "stability" in the transition period.

"Continuity and stability are key considerations, especially as we are approaching the end of this term of government," Wong said at a press conference with local media agencies on Monday. "To avoid any disruptions, I have decided to keep [current cabinet ministers] in their present roles until the end of the term."