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" "Singapore's position is strong. But the world around us is in flux. For thirty years since the Cold War ended, we enjoyed unprecedented peace and stability in the Asia Pacific. Unfortunately, that era is over. It will not return. Now we face a world of conflict and rivalry. The great powers are competing to shape a new, yet undefined, global order. This transition will be marked by geopolitical tensions, as well as protectionism and rampant nationalism everywhere. It will likely stretch for years if not decades. As a small country, we cannot escape these powerful cross-currents. As an open economy, our livelihoods will be hit when multilateralism fractures. As a diverse society, we will be vulnerable to external influences that tug us in different directions.
Lawrence Wong Shyun Tsai (Chinese: 黄循财) (18 December 1972) is a Singaporean politician, economist and former civil servant who has been serving as the fourth prime minister of Singapore since 15 May 2024 and the minister for finance since 2021. A member of the governing People's Action Party, he has been the Member of Parliament (MP) representing the Limbang division of Marsiling–Yew Tee GRC since 2015, and previously the Boon Lay division of West Coast GRC between 2011 and 2015. He is the first prime minister born after Singapore’s independence in 1965.
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Today, Singapore is at a high economic level, compared to most other countries. By international standards, we have built excellent systems of education, housing, healthcare and transport. But our circumstances are changing, technology is advancing and our population is ageing fast. So we cannot afford to cruise along. We must continue to do our best - to improve, upgrade and transform Singapore. I am convinced we can and we must, do better
My background is what it is. If it is helpful that it makes it more relatable to Singaporeans, so much the better. But I have no doubt like I said just now, Singaporeans are discerning and wise voters, I have no doubt that at the end of the day, they will expect me to deliver on the things that they care about – delivering a better life, delivering better standards of living for themselves and their children. And if me and my team are unable to meet up to those high expectations, if we are unable to deliver those standards, and a better team arises, then Singaporeans will choose accordingly. I have no doubt about that.
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Singapore has always been a diverse country - many races, many religions, many languages - and more so now than before. Yet we've strengthened our bonds as one people. We have achieved this not by denying our differences, but by embracing them. We have ensured that every community, every religion and every linguistic group, big or small, feels: Included, respected and valued. When issues arise between communities, and from time to time, they will - we do not accentuate our differences. Instead, we accept them. We seek pragmatic compromises and find as much common ground as possible. We do so always in an atmosphere of mutual respect and trust. This is the ethos that will guide me and my team. This is how we will continue to evolve and strengthen our Singapore identity. It's never about subtracting, but always about adding. It's never about contracting, but always about expanding. So from our diversity, we forge unity.