SINGAPORE - Respecting the territorial integrity and sovereignty of all, taking collective action on global issues, and promoting openness and interconnectedness rather than engaging in zero-sum self-interest are some guideposts for Singapore to secure its place in a turbulent and uncertain world, said Senior Minister Teo Chee Hean.
There are more than 20 distinguished local and international speakers, including Prime Minister Lee Hsien Loong and Deputy Prime Minister and Coordinating Minister for Economic Policies Heng Swee Keat. He highlighted the intensified global competition, with nationalism and protectionism impinging on free trade, a brutal war in Europe and a record low strategic trust between the United States and China as some reasons for the tense global situation.
On the matter of conflict between countries, Mr Teo said Singapore must continue to respect all territorial integrity and sovereignty. Mr Teo added: “But Mr Lee also believed, and Singapore’s history shows, that small countries like Singapore are not without agency.”Vivian outlines S’pore’s 2023 foreign policy priorities amid ‘perfect storm’ of multiple crises
He cited how Singapore facilitated consultations among countries for key aspects of the 2015 Paris Agreement – an international treaty on climate change – and later again in 2021, to arrive at the Article 6 rules for carbon markets. For example, when Singapore decided to open up to the free market and sought to industralise by tapping foreign direct investment, some called it neo-colonialism, said Mr Teo.
On the relevance of multilateral institutions and the role they play today, Mr Teo said that many of these blocs such as the UN, International Monetary Fund and the World Bank were created during a different world order, after World War II.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stay open, respect sovereignty, and take collective action: SM Teo on guideposts in a turbulent worldSINGAPORE - Respecting the territorial integrity and sovereignty of all, taking collective action on global issues, and promoting openness and interconnectedness rather than engaging in zero-sum self-interest are some guideposts for Singapore to secure its place in a turbulent and uncertain world, said Senior Minister Teo Chee Hean. Mr Teo, who is also the Coordinating Minister for National Security, added that in this new world, while Singapore’s strategies and solutions may change, these principles that underpin them remain. In the opening address at the Asia Future Summit 2023, Mr Teo said: “Singapore today is better equipped than ever before in terms of human capital, know-how, material resources, and international networks, to play a part in nudging the world in the direction of openness, inclusivity, and enlightened self-interest, both for our own benefit, and also for the region, and the world as a whole.” The summit marks the inaugural collaboration between The Straits Times, Lianhe Zaobao and The Business Times. The invitation-only event is taking place today and tomorrow at The Ritz-Carlton, Millenia Singapore. Read more at straitstimes.com.
Source: straits_times - 🏆 5. / 69 Read more »
Detecting money laundering like looking for ‘one needle in several haystacks’: Josephine TeoResponsibility of gatekeepers to do the necessary checks and flag risks, as many do. Read more at straitstimes.com.
Source: straits_times - 🏆 5. / 69 Read more »
Money laundering case among world’s largest with assets seized worth over $2.8bAuthorities got wind of the money laundering case in 2021, says Josephine Teo. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
10 suspects in S$2.8b money laundering case not on Interpol list; other S'poreans, PRs being probed: Josephine TeoSINGAPORE — The 10 people who have been arrested and charged in relation to a multi-billion dollar money laundering probe all hold either employment passes or depend
Source: TODAYonline - 🏆 1. / 99 Read more »
S’pore money laundering case among world’s largest with assets seized worth over $2.8bAuthorities got wind of the money laundering case in 2021, says Mrs Josephine Teo. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
10 suspects in billion-dollar money laundering case not on Interpol list; other Singaporeans, PRs being probed: Josephine TeoSINGAPORE: The 10 people who have been arrested and charged in relation to a multi-billion dollar money laundering probe all hold either employment passes or dependent’s passes i
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »