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Singapore must stay competitive in 'dangerous world': PM Lee

This is as electronics giant Dyson announces S$1.5 billion investment in the Republic

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Annabeth Leow

Annabeth Leow

Published Fri, Mar 25, 2022 · 09:50 PM

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    Singapore

    SINGAPORE must work to protect its competitive advantages in attracting investments as the external environment worsens, Prime Minister (PM) Lee Hsien Loong said, at the announcement of a fresh S$1.5 billion investment in the Republic by consumer electronics multinational Dyson.

    The ongoing war in Ukraine, which was invaded last month by neighbouring Russia, is expected to "fundamentally change the multilateral framework of economic cooperation", and the challenge comes on top of intensifying competition for investments as world economies recover from the Covid-19 pandemic, he remarked on Friday (Mar 25).

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    Foreign investmentLee Hsien LoongTechnologySingapore economy

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