In its analysis of the ‘Global Macrofinancial Environment’, the central bank of Singapore said that while global economic activity “has remained resilient”, there was still a risk because of “heightened policy uncertainty, trade tensions, and geopolitical conflicts that increase the probability of adverse shocks”.
Tag: Global economy
Singaporeans must stand united to be heard on the world stage as global order shifts, says PM Wong at PAP70 conference
Set to become the next PAP Secretary General, completing the Singapore leadership transition, PM Wong told the audience, “With your support, and support from our newly elected CEC, I will lead the PAP into the next general election.”
This era is not of deglobalisation, but of reglobalisation, says PM Wong at G20; emphasises on making ASEAN stronger
Referring to the shifting global dynamics, Singapore Prime Minister Lawrence Wong said at the G20 Summit in Rio de Janeiro that it was necessary “[to] strengthen our own neighbourhood”, meaning the Association of Southeast Asian Nations (ASEAN).
Singapore ready to host APEC Summit in 2030, says PM Wong in Peru at 2024 meet
APEC Peru 2024 was held from 15 to 16 November 2024, and PM Wong offered to host the 2030 meeting at the closing of this year’s summit. This international forum has 21 member economies, which collectively account for almost half of all global trade and commerce.
Singapore residents take No. 1 spot in Asia and No. 4 in the world in financial asset ownership
The per capita difference between Denmark and Singapore is of a mere EUR 270, which brings Singapore within touching distance of the global Top 3 of financial asset (cash, stocks, bank deposits) ownership.
Temasek 50th anniversary: PM Wong salutes PIO pioneers Pillay and Dhanabalan; speaks of Singapore ‘alpha’ as economic asset
The 50th anniversary of Temasek, the global investment company headquartered in Singapore, was held on Monday evening, with a speech delivered by Prime Minister Lawrence Wong that saluted early “pioneers”, including PIO Singaporeans Joseph Yuvaraj Pillay and Dhanabalan Suppiah. Both the former Indian-origin chairmen of Temasek were present at last evening’s anniversary dinner. He also […]
PM Wong conveys to UN chief António Guterres his “deep appreciation” of support given to small states
About Guterres specifically, PM Wong praised the UN chief’s “steadfast” commitment to the rules-based multilateral system; “strong” advocacy for global equity and justice; and “tireless” efforts to strengthen multilateralism.
Narendra Modi set to visit Singapore and Brunei after ministerial roundtable in island nation
ISMR 2024 has paved the way for Modi’s visit to Singapore in September 2024, which would come almost exactly a year after former Singapore Prime Minister Lee Hsien Loong’s trip to India in September 2023 for the G20 Summit.
UK Labour govt set to revive FTA talks with India during David Lammy visit
The free trade agreement talks with India began in January 2022, under the then UK Conservative government. The target was to significantly boost the GBP 38.1 billion a year UK-India trading partnership.
Global IT outage: Josephine Teo says Singapore must “fortify” digital defences during “peacetime”
Stressing upon the importance of measures to counter digital disruption, the Singapore minister said that updated Business Continuity Plans and regular Tabletop Exercises were vital.
