Amid grim economic landscape, Singapore must have ‘something special’ to show it is a better bet, says its DPM


Painting a picture of a grim economic landscape, DPM Lawrence Wong said it has become harder for Singapore to earn a living. - ST PHOTO: GIN TAY

SINGAPORE, May 1 (The Straits Times/ANN): Singapore will find it harder to grow its economy and create jobs in an increasingly dangerous and troubled world, said Deputy Prime Minister Lawrence Wong on Monday.

He noted that trade rules are changing, geopolitics is shifting investment flows and advanced economies are rolling out massive subsidies to boost their strategic industries, which means competition to attract investments will be much tougher.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Singapore , DPM , May day Speech

Next In Aseanplus News

KJ: Rejoining Umno application to be decided on April 17
Cloud seeding efforts in south of Peninsula to be intensified, says DPM Zahid
Too early to talk about contesting seats, says KJ
China and North Korea plan deeper exchanges and to promote world peace
Aaron-Soh and Pearly-Thinaah crash out of Asian Championships q-finals
Japan confirms new swine fever outbreak in Miyazaki Prefecture
Golf-Calcavecchia ejected from Masters for violating no-phone policy, Golfweek reports
Asean News Headlines at 10pm on Friday (April 10, 2026)
China police detain man accused of cyberbullying much-loved Olympian: state media
Singapore and Australia pledge closer ties, on fuel and LNG security, and tackle global supply shock

Others Also Read