scorecardresearch
Tuesday, Oct 04, 2022

‘Storm is gathering’: Singapore PM Lee Hsien Loong warns of risk of US-China miscalculation

Lee said Singapore would be buffeted by that intense rivalry and tension in the region, which should prepare for a future less peaceful and stable than now.

Singapore Prime Minister Lee Hsien Loong during a news conference in Singapore, August 23, 2021. (REUTERS)

Singapore Prime Minister Lee Hsien Loong on Monday warned of the scope for miscalculations over tensions in the Taiwan Strait, which he said were unlikely to ease soon amid deep suspicion and limited engagement between the United States and China.

In a televised address ahead of the city-state’s national day on Tuesday, Lee said Singapore would be buffeted by that intense rivalry and tension in the region, which should prepare for a future less peaceful and stable than now.

“Around us, a storm is gathering. US-China relations are worsening, with intractable issues, deep suspicions, and limited engagement,” Lee said.

“This is unlikely to improve anytime soon. Furthermore, miscalculations or mishaps can easily make things much worse.”

Subscriber Only Stories
UPSC Key-October 4, 2022: Why you should read ‘Prachand’ or  ‘Green War R...Premium
After LCH, all eyes on development of indigenous medium lift Indian Multi...Premium
Govt saw fodder crisis coming over two years ago, but plans remained on p...Premium
ExplainSpeaking: As RSS sounds alarm, taking stock of India’s poverty, in...Premium

Lee said economic challenges were more immediate and that Singapore’s outlook has “clouded considerably”, adding that the government will roll out more measures in coming months to help people cope with rising prices.

Singapore’s inflation has reached more than a decade-high in recent months, and its central bank tightened its monetary policy on July 14 in an off-cycle move to cope with the cost pressure.

The city-state has earlier announced support package for mainly lower-income groups to help mitigate increased living costs from inflation and rising energy prices.

Advertisement

“The world is not likely to return anytime soon to the low inflation levels and interest rates that we have enjoyed in recent decades,” he said, adding the country of 5.5 million people must plan far ahead and transform industry, upgrade skills and raise productivity.

First published on: 08-08-2022 at 06:21:58 pm
Next Story

Anushka Sharma flaunts her toned body in a new gym selfie: ‘Mehnat karri aur…’

Latest Comment
Post Comment
Read Comments
Advertisement
Advertisement
Advertisement
Advertisement