Deputy Prime Minister and Minister for Finance Lawrence Wong's message in Mandarin will be broadcast on Channel 8 at 8.45pm.
3. But above all, Singaporeans trusted one another. We all practised personal and social responsibility. We did the right thing even when no one was checking. We supported and took care of fellow citizens, contributing hand sanitisers in lifts, and delivering food packs to those quarantined at home. Our mutual trust in one another made all the difference.
7. What can we do about this? Staying united is key to Singapore’s survival – it is the only way to deal with challenges in an increasingly troubled world. We must look to our Total Defence, and maintain a strong and credible SAF and Home Team. We must also brace ourselves and be psychologically prepared that in the next decades our region may not be as peaceful and stable as it has been thus far.
10. Meanwhile, we have tightened our exchange rate policy and strengthened the Singapore dollar, to dampen imported inflation. The Government also stands ready to do more to help Singaporeans if things worsen. But the basic reality is that international economic conditions have shifted. The world is not likely to return anytime soon to the low inflation levels and interest rates that we have enjoyed in recent decades.
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