Lawrence Wong

Lawrence Wong Shyun Tsai (Chinese: 黄循财; pinyin: Huáng Xúncái; born 18 December 1972)[1] is a Singaporean politician, economist and former civil servant who has been serving as Deputy Prime Minister of Singapore since 2022, Minister for Finance since 2021, Deputy Secretary-General of the People's Action Party since 2022, and Chairman of the Monetary Authority of Singapore since 2023. He has been the Member of Parliament (MP) representing the Limbang division of Marsiling–Yew Tee GRC since 2015, and previously the Boon Lay division of West Coast GRC between 2011 and 2015.

For the actor, see Lawrence Wong (actor).
In this Chinese name, the family name is Wong.
The Honourable
Lawrence Wong
黄循财
Wong in 2023
Deputy Prime Minister of Singapore
Assumed office
13 June 2022
Serving with Heng Swee Keat (2019–present)
Prime MinisterLee Hsien Loong
Preceded byVacant
Minister for Finance
Assumed office
15 May 2021
Prime MinisterLee Hsien Loong
Second MinisterIndranee Rajah
Preceded byHeng Swee Keat
Chairman of the Monetary Authority of Singapore
Assumed office
8 July 2023
Prime MinisterLee Hsien Loong
Preceded byTharman Shanmugaratnam
Deputy Secretary-General of the People's Action Party
Assumed office
26 November 2022
Secretary-GeneralLee Hsien Loong
Preceded byPosition established
Ministerial offices 2012–⁠2021
Minister for Education
In office
27 July 2020 – 14 May 2021
Prime MinisterLee Hsien Loong
Second MinisterMaliki Osman
Preceded byOng Ye Kung
Succeeded byChan Chun Sing
Second Minister for Finance
In office
22 August 2016 – 14 May 2021
Serving with Indranee Rajah (2018–2021)
Prime MinisterLee Hsien Loong
MinisterHeng Swee Keat
Preceded byLim Hwee Hua
Minister for National Development
In office
1 October 2015 – 26 July 2020
Prime MinisterLee Hsien Loong
Second MinisterDesmond Lee
Preceded byKhaw Boon Wan
Succeeded byDesmond Lee
Second Minister for Communications and Information
In office
1 May 2014 – 30 September 2015
Prime MinisterLee Hsien Loong
MinisterYaacob Ibrahim
Minister for Culture, Community and Youth
In office
1 November 2012 – 30 September 2015
Acting: 1 November 2012 – 30 April 2014
Prime MinisterLee Hsien Loong
Preceded byChan Chun Sing
(as Acting Minister of Community Development, Youth and Sports)
Succeeded byGrace Fu
Member of the Singapore Parliament
for Marsiling–Yew Tee GRC
(Limbang)
Assumed office
11 September 2015
Preceded byConstituency established
Member of the Singapore Parliament
for West Coast GRC
(Boon Lay)
In office
7 May 2011 – 24 August 2015
Preceded byHo Geok Choo
Succeeded byPatrick Tay
Personal details
Born
Lawrence Wong Shyun Tsai

(1972-12-18) 18 December 1972
Singapore
Political partyPeople's Action Party
SpouseLoo Tze Lui
Alma mater
Occupation
  • Politician
  • economist
  • civil servant
Signature
Websitepmo.gov.sg

Prior to entering politics, Wong worked at the Ministry of Trade and Industry (MTI), the Ministry of Finance (MOF) and the Ministry of Health (MOH). He was Principal Private Secretary to Prime Minister Lee Hsien Loong between 2005 and 2008. He also served as the chief executive officer of the Energy Market Authority (EMA) between 2009 and 2011.

Wong made his political debut in the 2011 general election when he contested in West Coast GRC as part of a five-member PAP team and won. Afterwards, he moved constituencies and contested at Marsiling–Yew Tee GRC in the 2015 general election, retaining his seat in the 2020 general election. On the ministerial level, he served as Minister for Culture, Community and Youth between 2012 and 2015, Second Minister of Communications and Information between 2014 and 2015, Minister for National Development between 2015 and 2020,[2] Second Minister of Finance between 2016 and 2021, and Minister for Education between 2020 and 2021.

Wong was co-chair of a multi-ministerial committee set up by the government in January 2020 to manage the COVID-19 pandemic in Singapore.[3] As Minister for Finance, he has overseen the gradual increase in Goods and Services Tax (GST) which Lee's government has advocated for – 8% in 2023 and 9% in 2024, up from 7% which had been set since 2007. In April 2022, he was chosen as the leader of the PAP's fourth generation team, placing him in line as Lee's apparent successor.[4] Wong assumed the office of Deputy Prime Minister of Singapore on 13 June 2022, serving alongside Heng Swee Keat.[5] On 26 November 2022, Wong was appointed to the newly created position of Deputy Secretary-General of the People's Action Party.[6]

On 3 July 2023, the Monetary Authority of Singapore (MAS) announced that Wong will be appointed Chairman of the Monetary Authority of Singapore (MAS) on 8 July 2023. Wong was previously already the Deputy Chairman of the Monetary Authority of Singapore (MAS) between 2021 and 2023. He was also appointed Chairman of the Investment Strategies Committee of GIC, and Chairman of the International Advisory Council (IAC) of the Economic Development Board (EDB) since 7 July 2023 and 8 July 2023 respectively.

Wong will be appointed deputy chairman of GIC's board of directors and the appointment is effective Oct 1. He has been a GIC director since Nov 1, 2018, and has also been serving as the chairman of its Investment Strategies Committee since Jul 7 this year after Tharman Shanmugaratnam announced that he would step down to run for the 2023 presidential election.

Early life and education

Wong was born on 18 December 1972 in the eastern part of Singapore.[7] He is an ethnic Singaporean Chinese of Hainanese descent[8] and was raised in the Methodist denomination of Christianity.[7] Growing up, Wong and his family lived in a public Housing and Development Board (HDB) flat in Marine Parade.[7] Wong's father worked as a sales executive while his mother was a teacher at his primary school.[7]

Wong attended Haig Boys' Primary School (now Tanjong Katong Primary School), Tanjong Katong Technical School (now Tanjong Katong Secondary School), and Victoria Junior College before going to college.[9][10]

Wong received a Bachelor of Science with a major in economics from the University of Wisconsin–Madison in 1994 under the Public Service Commission scholarship.[11][12] He received a Master of Arts in applied economics from the University of Michigan in 1995 and a Master in Public Administration from Harvard University in 2004.[13][14]

Civil service career

Wong began his career as an economist working in the Ministry of Trade and Industry (MTI) in August 1997.[15] It was the beginning of the 1997 Asian financial crisis and his first assignment involved preparing a report on regional economies and their effects on Singapore; he described the experience as "nothing that I learned in school prepared me for such an assignment" and recounted having to learn on the job.[16]

He was posted to the Ministry of Finance (MOF) in January 2002 and then the Ministry of Health (MOH) in July 2004, where he served as Director of Healthcare Finance until May 2005. Wong served as the principal private secretary to Prime Minister Lee Hsien Loong between May 2005 and August 2008.[15]

In September 2008, Wong became deputy chief executive officer of the Energy Market Authority, rising to chief executive officer on 1 January 2009. He relinquished the role on 1 April 2011.[15]

Political career
Wong with Japanese Minister of Finance Shun'ichi Suzuki in May 2023

Wong entered politics at the 2011 general election when he contested as part of a five-member People's Action Party (PAP) team in West Coast GRC. The PAP team won with 66.66% of the vote against the Reform Party and Wong was elected as the Member of Parliament representing the Boon Lay ward of West Coast GRC.

On 21 May 2011, Wong was appointed Minister of State for Defence and Minister of State for Education. He was also appointed to the board of directors of the Monetary Authority of Singapore on 10 June 2011.[17] On 1 August 2012, he was promoted to Senior Minister of State for Information, Communications and the Arts and Senior Minister of State for Education. On 1 November 2012, he was appointed Acting Minister for Culture, Community and Youth and Senior Minister of State for Communications and Information.[18]

Wong led a team to bid for the Singapore Botanic Gardens to be recognised as Singapore's first UNESCO World Heritage Site.[19][20][21] Wong also spearheaded the free museum entry policy for all Singaporeans and permanent residents, to all national museums and heritage institutions from 18 May 2013.[22] In 2013, Wong also announced the setting up of a new S$100 million National Youth Fund for youth to champion community and social causes.[23]

On 1 May 2014, Wong was promoted to Minister for Culture, Community and Youth and Second Minister for Communications and Information.[24] He was also a co-opted Member of the 32nd, 33rd and 35th CEC before his win in the election into the 36th PAP Central Executive Committee (CEC).[25] Wong was also appointed as the Head of the SG50 Programme Office that coordinates the work of five committees for Singapore's Golden Jubilee Year celebrations.[26] Wong was also the co-chair for the SG50 Culture and Community Committee.[27]

As Minister for Culture, Community and Youth, Wong was involved in the transformation of the Civic District[28][29]—the birthplace of modern Singapore which contained many institutions that have witnessed important turning points in Singapore's history. In January 2016, he assumed office as Chairman of the PAP Community Foundation from 2016 until 2022 where it was handed over to Minister Josephine Teo[30] In August 2016, the National Arts Council attracted criticisms over the high consultation fees paid for a bin centre, as flagged by the Auditor-General's Office. Wong addressed the issue in Parliament, saying that the project was at acceptable cost due to the need for extensive study of the location and technicality involved with the building of the refuse centre in the Civic District.[31]

Under his charge, Wong also introduced the S$200 million Cultural Matching Fund, a dollar-for-dollar matching grant for cash donations to arts and heritage charities and Institutions of Public Character in Singapore.[32][33][34]

In the 2015 general election, Wong was part of a four-member PAP team contesting in the newly formed Marsiling–Yew Tee GRC. [35] The PAP team won with 68.7% of the vote against the Singapore Democratic Party and Wong was elected as the Member of Parliament representing the Limbang ward of Marsiling–Yew Tee GRC.

Wong was also the Chairman of the Steering Committee for the 2015 Southeast Asian Games.[36] Wong had also announced several key initiatives to get more Singaporeans involved in sports.[37] This includes a national movement called ActiveSG, which gives all Singaporeans and permanent residents ActiveSG$100 to sign up for sports programmes, and enter into swimming pools and gyms at the various sports centres islandwide.[38]

Wong also chaired the Singapore High Performance Sports Steering Committee, which provides strategic guidance on identifying and nurturing high performing sporting talents.[39] Wong said that the accomplishments of Singapore athletes at the 2015 Southeast Asian Games indicate that Singapore's investment in sports is paying off.[40]

On 1 October 2015, Wong became the Minister for National Development.[14] He also chaired the steering committee for the development of Jurong Lake Gardens.[41]

On 22 August 2016, Wong was appointed Second Minister for Finance,[42] in addition to being Minister for National Development.[43] On 29 August 2016, he stepped down from the board of directors of the Monetary Authority of Singapore and was replaced by Ong Ye Kung.[17][44]

During the COVID-19 pandemic in Singapore, Wong and Gan Kim Yong were appointed co-chairs of a multi-ministerial committee formed by the government in January 2020 to manage the situation. On 26 March 2020, while paying tribute to frontline workers helping in Singapore's fight against COVID-19, Wong turned emotional and teary-eyed while delivering his address in Parliament. He thanked healthcare workers, as well as those working in cleaning, transport and security sectors for providing much-needed services to keep Singapore going during this difficult time.[45]

In the 2020 general election, Wong led a four-member PAP team to contest in Marsiling–Yew Tee GRC again. The PAP team won with 63.18% of the vote against the Singapore Democratic Party and Wong retained his seat as the Member of Parliament representing Limbang ward.[46]

On 27 July 2020, following a Cabinet reshuffle, Wong succeeded Ong Ye Kung as Minister for Education.[47] On 8 November that year, Wong was elected into the PAP's Central Executive Committee for the first time after rising to prominence for leading the Government's fight against COVID-19.[48]

On 15 May 2021, following another Cabinet reshuffle, Wong relinquished his portfolio as Minister for Education and became Minister for Finance after Heng relinquished his Cabinet portfolio.[49] On 28 May 2021, he was reappointed to the board of directors of the Monetary Authority of Singapore as deputy chair, replacing Lim Hng Kiang.[50][51]

In February 2022, Wong announced a S$500 million stimulus package due to the impact of the COVID-19 pandemic in Singapore. Wong also said the government would set aside an additional S$560 million to "help Singaporean citizens deal with the rising cost of living".[52]

Selection as fourth-generation leader

On 14 April 2022, Wong was selected as the leader of the PAP's fourth-generation (4G) team, succeeding Deputy Prime Minister Heng Swee Keat, who had stepped down as 4G leader on 8 April 2021.[53] Prior to his appointment, Prime Minister Lee Hsien Loong delegated former PAP chairman Khaw Boon Wan to initiate a consultation process among the fourth-generation ministers of the Cabinet, aimed at garnering their individual views regarding the selection of a new 4G leader.[54] However, both Prime Minister Lee and Senior Ministers Tharman Shanmugaratnam and Teo Chee Hean, abstained from participating in the process.[55]

Wong received an "overwhelming majority" of support in the consultation process, surpassing that of Ong Ye Kung and Chan Chun Sing, his cabinet colleagues and co-contestants in the 4G leadership race.[56] He received 15 out of the 19 votes from the stakeholders polled, and as no candidate is allowed to vote for himself, this meant that only three other individuals did not vote for him as their first choice.[57] His candidature was unanimously endorsed by the Cabinet and subsequently, by the PAP MPs at a party caucus on 14 April.[58] His appointment was announced by Prime Minister Lee in a Facebook post the same day.[58]

As the new 4G leader, Wong subsequently emerged as Lee's apparent successor to the position of prime minister; the latter's initial plans to step down at the age of 70 had been thwarted by Heng's withdrawal.[59]

Deputy Prime Minister

On 6 June 2022, a Cabinet reshuffle was announced where Lawrence was promoted to Deputy Prime Minister, which further cemented his position as PM Lee Hsien Loong's successor. In addition to becoming Deputy Prime Minister, he was also named "Acting Prime Minister" in the PM's absence, he had also taken over responsibility of the Strategy Group in the Prime Minister's Office (PMO) from Heng Swee Keat.[60][61] On 28 June 2022, Wong launched the "Forward Singapore" movement[62] as part of his vision for a society that "benefits many, not a few".[63]

Personal life

Wong married at the age of 28 but divorced his first wife after three years due to "incompatibility".[64][65] He has since married Loo Tze Lui, a former banker currently working in wealth management, and who is also on the board of directors of the YMCA in Singapore.[66][67] His elder brother is an aerospace engineer at DSO National Laboratories.[68]

References
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