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Search for silver linings but don’t underestimate the reality of the storm

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Janice Heng

Janice Heng

Published Mon, Aug 22, 2022 · 05:50 AM
    • The state flag being flown in a dry run before National Day in 2020. Singapore must be prepared for the international storm that lies ahead, and seek the silver linings to its clouds.
    • The state flag being flown in a dry run before National Day in 2020. Singapore must be prepared for the international storm that lies ahead, and seek the silver linings to its clouds. The Straits Times

    BEING a small nation-state with an open economy has never been easy, and this will only become more difficult amid current trends. Geopolitical risks are worsening and economic realities have become harsher, as Prime Minister Lee Hsien Loong warned in his National Day Rally speech on Sunday (Aug 21).

    The challenge for Singapore is not just to seek silver linings in the international storm clouds ahead, but to be both psychologically and practically prepared for the storm itself.

    On the geopolitical front, tensions between the United States and China are rising, while Russia’s war in Ukraine also affects security in the Asia-Pacific region, said PM Lee.

    National Day Rally 2022US-China relationsRussia-Ukraine warSingapore economy

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