Lee Hsien Loong

Briefs

SINGAPORE (Nov 25): “There are new things happening in new parts of the world, and we need to be part of that story.” — Prime Minister Lee Hsien Loong, wrapping up his official visit to Mexico at the invitation of President Andrés Manuel López Obrador, where the two governments exchanged memoranda of understanding on cooperation in science and technology, water resources, culture, industrial property and international development.

Kissinger says US and China in ‘foothills of Cold War’

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NODX contracts for 7th straight month with 8.1% drop in Sept as Singapore fails to escape 'export doldrums'

SIGNAPORE (Oct 17): Singapore’s non-oil domestic exports (NODX) fell 8.1% year-on-year in September – marking the seventh consecutive month of contraction amid uncertainty surrounding the US-China trade war and slowing global growth.

For the first nine months of 2019, NODX has fallen 10.3% y-o-y lower than over the corresponding period last year.

The September decline was led by a 24.8% drop in electronic exports, which clocked 10 straight months of negative growth.

Singapore 'lucky' if growth is positive in 2019, PM Lee says

(Oct 17): Prime Minister Lee Hsien Loong said Singapore will be “lucky” to see positive economic growth in 2019, casting a dark tone over the nation’s outlook as exports continue to slump.

“This year we’ll be well under 1%,” Lee said Wednesday at a conference in Singapore hosted by Forbes. “If we’re lucky we should be above zero, but the momentum has substantially diminished. And a lot of it is lack of confidence – uncertainty.”

Briefs

Singapore (Oct 7): “Officially Tuas is designed to handle 65 million TEUs (20-foot equivalent units), but I am sure PSA can squeeze a little more out of it if we work hard.”Prime Minister Lee Hsien Loong, at the groundbreaking of the Tuas Megaport on Oct 3.

Green infrastructure needed for Asia: Minister Indranee

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Tuas Megaport set to 'rethink the future of shipping': PM Lee

SINGAPORE (Oct 3): PSA’s new consolidated port in Tuas is set to “rethink the future of shipping,” says Prime Minister Lee Hsien Loong.

Speaking at an event on Thursday marking the groundbreaking of the future container terminal, Lee says the Tuas Megaport, which consolidates operations from PSA’s existing activities in Tanjong Pagar, Keppel, Brani and Pasir Panjang, will be “the world’s single largest container terminal”.

No need yet for economic stimulus, PM says, as Singapore looks to infrastructure for the future

SINGAPORE (Aug 19): Even as Singapore teeters on the edge of a technical recession, Prime Minister Lee Hsien Loong says there’s no need yet for immediate economic stimulus measures.

However, he adds that the government is prepared, and will “promptly respond” with appropriate interventions if the situation worsens.

Speaking at the National Day Rally 2019 on Sunday, Lee acknowledges that Singapore's economic growth has slowed significantly, but notes that retrenchment and unemployment rates in the city state remain low.

Briefs

SINGAPORE (Apr 29): “I suggest you build and not just buy. You are more likely to win the race this way.”Manpower Minister Josephine Teo, urging financial institutions to invest more in training their workforce.

Biden enters Democratic race for president

Former US vice-president Joe Biden has announced that he is running for the 2020 Democratic presidential nomination, throwing his hat into a field that now includes 20 candidates.

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Many issues remain, but leaders' retreat has paved the way for further talks

SINGAPORE (Apr 15): Meeting for the third time since the new Pakatan Harapan government won the elections in Malaysia a year ago, Prime Minister Lee Hsien Loong and his counterpart Dr Mahathir Mohamad put on a show of amiability before the press, appearing not only to be open to arbitration but also to reconciliation.

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Singapore government likely to adopt looser fiscal policy; bumper budget could signal early elections: Fitch Solutions

SINGAPORE (Jan 22): Fitch Solutions Macro Research says it expects the Singapore government to adopt looser fiscal policy for FY19/20 (April-March) in an effort to cushion the economic slowdown due to unfavourable global economic conditions.

Finance Minister Heng Swee Keat is scheduled to deliver the 2019 Budget statement on Feb 18.

As Singapore enters twilight of Lee era, ruling party prepares for change

SINGAPORE (Nov 27): Modern city-state Singapore is a predictable place: it's hot and humid every day, unabashedly pro-business, immaculately clean – no chewing gum anywhere – and the government is usually run by a Lee.

Last week, the wheels of change were set in motion through an opaque reorganisation within the ruling People's Action Party (PAP), a move that put in place the likely successor once Prime Minister Lee Hsien Loong steps aside.

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