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PM Wong's remarks come amid a backdrop of increasing global uncertainties and shifting geopolitical dynamics. The Prime Minister highlighted that foreign policy decisions are not only pivotal to Singapore’s national security and economic interests but also play a critical role in shaping the country's international standing and relations with other nations.
On his 100th day as Prime Minister, Lawrence Wong emphasized the need for Singapore to balance respect for its past with innovative strategies for the future.
During his statement, PM Wong highlighted that the government is committed to understanding and mitigating the impact of inflation and living expenses on households. He emphasized that rising costs, particularly in housing, healthcare, and daily necessities, are significant concerns for many Singaporeans. The administration is therefore reviewing existing policies and exploring new initiatives to ensure that economic support is effectively targeted and sufficient to alleviate financial pressures on families.
PM Wong highlighted that these initiatives form part of a broader strategy to address the economic impact of ongoing uncertainties and support Singaporeans through challenging periods. The expanded support package reflects an understanding of the evolving nature of employment and its repercussions on families, particularly in the context of recent economic disruptions and global uncertainties.
Singapore gears up for its next general election amidst heightened political activities. The ruling PAP's Refresh PAP initiative and opposition parties' preparations signal anticipation for an electoral showdown.
Singapore's economy, under Prime Minister Lee Hsien Loong's leadership, resiliently grows amidst global challenges.