Singapore sees challenges amid ‘vicious turn’ in world politics

Singapore Prime Minister and Minister for Finance Lawrence Wong delivers his first National Day Message 2024, which was recorded at the Istana, and telecast on 8 August 2024. (Photo: Nicky Loh/Bloomberg)
Singapore Prime Minister and Minister for Finance Lawrence Wong delivers his first National Day Message 2024, which was recorded at the Istana, and telecast on 8 August 2024. (Photo: Nicky Loh/Bloomberg)

By Faris Mokhtar

(Bloomberg) — Singapore’s leader warned of challenges ahead as politics in many countries take a “vicious turn.”

“Across the world, we face growing populism, economic nationalism and protectionism,” Prime Minister Lawrence Wong said in his first National Day message since taking on the role in May.

He pointed to conflicts in Europe and the Middle East as well as increasing tensions between the US and China.

“These are powerful forces that shape our operating environment,” Wong said. “They are what keep me awake at night.”

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