Singapore’s prime minister will step down on May 15

Singapore Prime Minister Lee Hsien Loong will stand down next month (AP)

Singapore’s Prime Minister Lee Hsien Loong will step down on May 15, with his deputy Lawrence Wong in line to take over, his office said.

Mr Lee, 72, will formally advise the city-state’s president to appoint Mr Wong, who is currently deputy prime minister and finance minister, to succeed him, his office said in a statement.