Tue, 21-Oct-2025

Lee Hsien Loong Says Global Economy Could Face Recession in 2023

Lee Hsien Loong

Singapore must prepare for more economic challenges as inflation will remain high and central banks are tightening policies, Prime Minister Lee Hsien Loong said, warning that the world may face a recession next year. Russia’s war on Ukraine has clouded the outlook for Singapore’s post-Covid recovery on which the nation was “cautiously optimistic” at the … Read more

 Singapore’s FM Lawrence Wong

singapore

SINGAPORE: Singapore Prime Minister Lee Hsien Loong announced on Saturday that Finance Minister Lawrence Wong will take over as the city-next state’s leader. According to a party announcement on Thursday, Wong has been selected as the leader of the PAP’s so-called fourth-generation (4G) team, paving the way for him to become the city’s next prime … Read more