SINGAPORE – Singapore Prime Minister Lee Hsien Loong on Monday, August 8, 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.
“Around us, a storm is gathering. US-China relations are worsening, with intractable issues, deep suspicions, and limited engagement,” Lee said. 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.
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