Lee Hsien Loong

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.

Singapore General Election in 2019 'always possible', Lee says

SINGAPORE (Nov 7): Singaporeans could go to the ballot boxes sooner than expected. A general election next year is "always possible".

Singapore Prime Minister Lee Hsien Loong told Bloomberg Editor-in-Chief John Micklethwait in an interview at the New Economy Forum in Singapore. Polls must be held by early 2021.

"There are many reasons to bring elections forward, or not, so we’ll see,” Lee said late Tuesday, when asked if celebrations to mark the 200th year of the city-state’s modern founding would be reason enough to advance it.

Reset of relations?

SINGAPORE (May 21): Ever cautious, Lee Hsien Loong’s Facebook post at 10.08am on May 10 noted how the outcome of the Malaysian election held a day earlier “represents a major change in Malaysian politics”.  

Pakatan Harapan had unseated the ruling Barisan Nasional with a majority of 122 seats in parliament. And, Dr Mahathir Mohamad, with whom relations had been fractious the first time around, was back in charge.  

Which way will Singapore-Malaysia relations head as Dr M returns?

SINGAPORE (May 18): Just one day after a historic Malaysian election which saw the Mahathir-led Pakatan Harapan opposition coalition topple the ruling Barisan Nasional, Singapore Prime Minister Lee Hsien Loong said in a Facebook post that the outcome “represents a major change in Malaysian politics”.

Under Najib Razak, Malaysia and Singapore had enjoyed a “golden age” in relations over the last decade.

PM Lee names new trade, industry minister in cabinet reshuffle

SINGAPORE (Apr 24): Singapore’s Prime Minister Lee Hsien Loong named a new trade and industry minister in a cabinet reshuffle, further preparing his party for a leadership transition sometime in the next few years.

Chan Chun Sing will be Minister for Trade and Industry from May 1, taking on duties currently shared by Lim Hng Kiang, who will step down, and S Iswaran, who will become Minister in Charge of Trade Relations. Chan, who turns 49 this year, will relinquish his position as Minister in the Prime Minister’s Office.

Singapore's next cabinet reshuffle sets stage for future leaders

SINGAPORE (Apr 18): Singapore Prime Minister Lee Hsien Loong, 66, has said he will reshuffle his cabinet soon and is widely expected to do so before Parliament reconvenes on May 7. The impending changes will increase the focus on a group of younger ministers -- with an average age of about 50 -- equipping them with more exposure and added responsibilities.

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