Singapore’s leader is stepping down after nearly two decades in office, in a transition carefully engineered to preserve the city-state’s reputation as a stable spot through times of economic and geopolitical turbulence.

       The office of Prime Minister Lee Hsien Loong said Monday that he will formally relinquish the post on May 15, clearing the way for his deputy Lawrence Wong to succeed him. Lee, 72, has been prime minister since 2004, and is the oldest son of Singapore’s first leader, Lee Kuan Yew.

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