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Singapore — Singapore Lee Hsien Loong warned on Monday of possible miscalculations over tensions in the Taiwan Strait, saying tensions were unlikely to ease any time soon amid deep suspicion and limited engagement between the United States and China. rice field.
In a televised address ahead of the city-state's National Day on Tuesday, Lee said Singapore would be devastated by fierce competition and tensions in the region.
"There is a storm brewing around us. Sino-US relations are deteriorating, with intractable problems, deep suspicion and limited engagement," he said.
"This is not likely to improve any time soon. Moreover, miscalculations and accidents can make matters worse."
More pressing, he said the outlook for Singapore was "pretty cloudy", adding that the government would take more steps in the coming months to help people cope with rising prices.
With inflation in Singapore reaching more than a decade high in recent months, the central bank tightened monetary policy on 14 July, making off-cycle moves to address cost pressures. showed.
The city-state has previously announced aid packages, primarily for low-income residents, to help mitigate rising costs of living due to inflation and rising energy prices.
"The world is unlikely to return soon to the low inflation and low interest rates it has enjoyed for decades," he said, adding that the country of 5.5 million people We need to plan far ahead and transform the industry, he added. , upgrade your skills and increase your productivity. (Reporting by Chen Lin; Editing by Martin Petty)
