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	<title>Lee Kuan Yew Archives - International Finance</title>
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		<title>Singapore’s founding father dies at 91</title>
		<link>https://internationalfinance.com/uncategorized/singapores-founding-father-dies-at-91/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=singapores-founding-father-dies-at-91</link>
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		<pubDate>Mon, 23 Mar 2015 05:50:50 +0000</pubDate>
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					<description><![CDATA[<p>Lee Kuan Yew transformed Singapore into a global economic powerhouse March 23, 2015: Lee Kuan Yew, the statesman who transformed Singapore from a small port city into a wealthy global hub, has died at the age of 91. The authoritarian leader dies on Monday following a seven-week struggle with pneumonia. The Cambridge-educated lawyer set Singapore on a path that has seen average incomes rise 100...</p>
<p>The post <a href="https://internationalfinance.com/uncategorized/singapores-founding-father-dies-at-91/">Singapore’s founding father dies at 91</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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										<content:encoded><![CDATA[<p class="semiBold13">Lee Kuan Yew transformed Singapore into a global economic powerhouse</p>
<p><strong>March 23, 2015:</strong> Lee Kuan Yew, the statesman who transformed Singapore from a small port city into a wealthy global hub, has died at the age of 91. The authoritarian leader dies on Monday following a seven-week struggle with pneumonia.</p>
<p>The Cambridge-educated lawyer set Singapore on a path that has seen average incomes rise 100 times, with investments across the globe, a widely respected civil service and world-class infrastructure.</p>
<p>A state funeral will be held on 29 March, after a week of mourning. In an emotional televised address, his son Prime Minister Lee Hsien Loong paid tribute to him. “He fought for our independence, built a nation where there was none, and made us proud to be Singaporeans. We won&#8217;t see another man like him.”</p>
<p>Singaporeans and world leaders paid tribute on Monday to a man described by US President Barack Obama as a “true giant of history”. In Singapore, a steady stream of people arrived at the hospital and the Istana, the prime minister&#8217;s office, to offer their condolences. A charismatic figure, Lee co-founded the People&#8217;s Action Party (PAP), which has governed Singapore since 1959, and was its first prime minister.</p>
<p>Lee’s political career spanned 30 years as premier and 20 years as senior government adviser. But in his last years, he was a shadow of his old self as his health deteriorated following his wife&#8217;s death in October 2010.</p>
<p>A complex and controversial figure, he was often criticised for his iron-fisted rule, forcing several opposition politicians into bankruptcy or exile.</p>
<p>“We faced tremendous odds with an improbable chance of survival,” Lee wrote in his memoirs. “We inherited the island without its hinterland, a heart without a body.”</p>
<p>But under his stewardship, Singapore courted international capital and used foreign labour to plug its manpower gap until it became one of Asia&#8217;s wealthiest, safest and most stable societies.</p>
<p><em>With inputs from Agencies</em></p>
<p>The post <a href="https://internationalfinance.com/uncategorized/singapores-founding-father-dies-at-91/">Singapore’s founding father dies at 91</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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