18 May '11, 5am

Singapore enters new era as founder Lee steps down

The surprise resignation of Singapore's founding father may herald a new, softer approach by the city state's long-ruling government in response to growing opposition voices and voters' desire for a more open society. But, analysts say, the big question now is whether any substantive changes will be seen following Saturday's announcement that 87-year-old Lee Kuan Yew and his longtime right-hand man, Goh Chok Tong, were stepping down from their Cabinet positions. "It's not clear whether policy changes will be merely cosmetic in terms of communication, or whether more meaningful changes in direction are likely," said Wei Zheng Kit, an analyst with Citigroup in Singapore. At the very least, the government has promised a shift in tone away from Lee's my-way-or-the-highway attitude that has helped make Singapore one of the world's wealthiest — and most tightly controlled — coun...

Full article: http://sg.news.yahoo.com/singapore-enters-era-founder-lee...

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