Singapore's PM-in-waiting steps aside as future leader

Singapore's Deputy Prime Minister Heng Swee Keat said he did not want to be the country's next prime minister after current premier Lee Hsien Loong retires, according to his letter published in local media on Thursday.

He is also set to give up his portfolio as finance minister, local media reported. Heng will step aside as leader of the ruling People's Action Party's fourth-generation team, a term used to describe the group of ruling party politicians seen as future leaders.