30 Mar '11, 12pm

Retiring MAS MD entering politics?: SINGAPORE: News of Monetary Authority of Singapore's managing director Heng

SINGAPORE: News of Monetary Authority of Singapore's managing director Heng Swee Keat stepping down from his post from Saturday has fuelled speculation he might enter politics. Mr Heng has been touted as a potential new candidate for the ruling People's Action Party (PAP). The 49-year-old was a Singapore Police Force overseas scholar. He joined the Administrative service in 1997, holding posts within the Education and Trade and Industry Ministries. He also served as Principal Private Secretary to then-Senior Minister Lee Kuan Yew from 1997 to 2000. He joined the MAS in 2005. Taking over from Mr Heng would be 47-year-old Ravi Menon, who will relinquish his appointment as Permanent Secretary of the Trade and Industry Ministry. Mrs Ow Foong Pheng, Second Permanent Secretary (Trade and Industry), will cover his duties, till a replacement is appointed. MPs whom Channel NewsAsia...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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