SINGAPORE, Sept 27 — Deputy Prime Minister Lawrence Wong told business leaders at a global conference yesterday evening that he will take over the mantle of leadership from Prime Minister Lee Hsien Loong at a time when both he and the People’s Action Party’s fourth generation team are “ready for it”.
Wong was responding to a question from Rich Karlgaard, the editor-at-large of Forbes Media, about his relationship with Lee and whether the two had discussions about the leadership transition, and when Wong thought it might occur. But if there is one thing he believes in, Wong said it is that every leader has a different style and approach that is “suited to the circumstances and needs of society or the organisation of that time”.
“I’m sure everyone here wants to ensure your wealth goes beyond three generations. And so too, we in Singapore want Singapore to succeed beyond three generations. We want to build a Singapore that lasts, endures and thrives for generations to come,” he said.When asked whether Singapore was worried about deglobalisation, in part accelerated by the pandemic, Wong replied that it was still too early to come to a conclusion that this is indeed happening.
“In fact, the hope was that the more we trade and invest in each other, we will tamp down geopolitical rivalry.” Now, Wong said, geopolitics is shaping both trade and investments. This is why, he said, Singapore is pressing ahead with plans to double the capacity of both its airport and seaport, because it wants to ensure capacity is in place to accommodate the increase in demand.
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