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Lee Hsien Loong
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The city state’s ruling party has weathered a crisis poll, now it must work with the opposition to confront challenges, contribute to region’s growth and ensure balanced ties with China and the US

  • Former government economist, 51, takes the reins from Lee Hsien Loong, scion of founding prime minister Lee Kuan Yew
  • This marks only Singapore’s third leadership change since independence in 1965
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Singapore’s fourth prime minister sworn in on Wednesday evening, taking the reins at a time of intensifying great power rivalry abroad and an increased appetite for political opposition at home.

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Singapore’s incoming prime minister is bracing himself for years of geopolitical unpredictability, as experts warn that heightened US-China tensions don’t leave much room for manoeuvre.

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Lee Hsien Loong said importing labour has to be done in a manner that does not dilute the country’s ‘social norms and mores and the way Singapore works’.

The annual Leaders’ Retreat ‘formally introduces’ Lawrence Wong and Prabowo Subianto as their respective countries’ new leaders, in addition to deepening bilateral ties.

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The city state’s incoming PM inherits a currency that has risen 40 per cent against its major trading partners over the past two decades, while the economy has doubled in size and total assets under management have climbed more than eight-fold.

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Those who know Wong say he is a ‘highly relatable political leader’, and laud him for being a team player, a quiet go-getter and a persistent doer.

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Shanmugam said The Economist could not resist “sneering” at Singapore and the British commentariat class cannot stand seeing the island nation “doing better”

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The plans come as Apple CEO Tim Cook meets with Singapore’s prime minister-designate Lawrence Wong as well as the city state’s incumbent leader Lee Hsien Loong this week as part of his Southeast Asia tour.

Lawrence Wong, who will assume power on May 15, said Singapore’s incumbent leader Lee Hsien Loong would serve as a senior minister in his cabinet.

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Wong, 51, is the youngest among three front runners in the city state’s fourth-generation leaders initially tipped for the top post.

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Lee Hsien Loong on Tuesday defended Singapore paying the US pop star to make his country the sole Southeast Asian stop on her world tour, following complaints from neighbouring nations about the deal.

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The police say they are aware of a planned march to “demonstrate views” on the Israel-Gaza war and investigating two other events for possible offences.

The Ministry of Finance said that the errors were discovered in November when it found inconsistencies in the application of GST on certain government fees.

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Iswaran resigned last month after being charged with corruption, including allegedly obtaining tickets to musicals and soccer matches in the UK. He denies the charges.

The nations cemented plans for the zone as they seek to revive interest in Chinese developer Country Garden’s mega-project – and hailed progress on the Johor Bahru-Singapore Rapid Transit System.

In July 2023, the Corrupt Practices Investigation Bureau revealed S. Iswaran was assisting with an investigation into a case uncovered by the anti-graft agency.

For next year, growth is projected at 1-3 per cent but ‘much will depend on the external environment’ such as the Ukraine war and Israel-Gaza war.

Referring to a fake video of him endorsing cryptocurrency trading, Lee warns the “use of deepfake technology to spread disinformation will continue to grow”.

The two officials discussed potential areas of cooperation within the digital economy, renewable and clean energy sector, on the second day of Lawrence Wong’s four-day visit to China.

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