SG got richer than US, UK & FR, but Bloomberg says keeping Singapore rich is Lawrence Wong’s big challenge

SG got richer than US, UK & FR, but Bloomberg says keeping Singapore rich is Lawrence Wong’s big challenge

Staying as wealthy as it is today will be one of the top challenges for Mr Lawrence Wong, who is set to take over the premiership on Wednesday , it added. The video touts Singapore’s transformation from “a colonial port” to a “buzzing financial centre that’s envied the world over,” with a GDP higher than many developed countries in the West.Tracing the country’s success to “decades of planning” by its leaders, it showed how Singapore first became a manufacturing base while stabilizing the government and establishing the health care and public transport systems.

The incoming PM is seen as “having more of the common man’s touch,” Bloomberg added, who will have to deal with higher housing and living costs, an ageing population, and the perception that the foreign labour that was needful for economic growth is a threat to locals getting good jobs.Pritam Singh responds to Lawrence Wong who said that WP cannot just continue asking the Govt questions

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