Lee Hsien Loong submits resignation, Lawrence Wong nominates new cabinet

Prime Minister Lee Hsien Loong of Singapore announced his resignation to President Tharman Shanmugaratnam on Monday, stating that he will resign on Wednesday along with his government.

Lee said in the letter that he advised the president to invite Lawrence Wong to form the next government.

Tharman Shanmugaratnam accepted Lee's resignation and said he will appoint Wong as prime minister and invite him to form the new government.

Gan Kim Yong and Heng Swee Keat will be deputy prime ministers in the new government, Wong announced at a press conference.

Gan will remain as the Minister for Trade and Industry and replace Wong as the chairman of the Monetary Authority of Singapore.

Lee Hsien Loong and Teo Chee Hean will be senior ministers in the new cabinet, said Wong, who will remain as the Finance Minister.