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To Opt-Out of Targeted Advertising: Move the 'Allow Targeted Advertising On This Site or App' toggle below to the left and press 'Confirm my Choices.' To Opt-Out of other 'sales', including for list rentals and data co-ops: Please provide information on the "Opt out of Sales" Webform located on our Privacy Center. This information will not be used or disclosed for any purpose other than for processing this request. To Opt-Out of both Targeted Advertising and other 'sales', including for lists and data co-ops: Move the 'Allow Targeted Advertising On This Site or App' toggle below to the left and press 'Confirm my Choices.' Please provide information on the "Opt out of Sales" Webform located on our Privacy Center. This information will not be used or disclosed for any purpose other than for processing this request. To limit the use and disclosure of your Sensitive Personal Information: Please provide information on the "Opt out of Sales" Webform located on our Privacy Center. This information will not be used or disclosed for any purpose other than for processing this request. If you are a resident of California, Colorado, Connecticut, Delaware, Iowa, Minnesota, Montana, Nebraska, New Hampshire, New Jersey, Oregon, Tennessee, Texas, Utah, and Virginia, you have the right to opt-out of Targeted Advertising, including our 'sale' and/or 'sharing' of your Personal Information ('Opt-Out'). We and our third-party business partners use Personal Information in accordance with our Privacy Policy (see link below) to serve advertising believed to be of interest to you ('Targeted Advertising'). If you are a California resident, you also have the right to limit the use and disclosure of your Sensitive Personal information in particular circumstances. Please note that you may need to Opt-Out on each website, mobile app, browser, and device you use, and if you clear your browser cookies, you may need to repeat this process. However, if you have created an account to log in across several of our websites and/or mobile apps, we will make reasonable efforts to apply your Opt-Out request to each of those websites and apps. Please follow the steps below:


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Agency: Singapore, Aug 8 (PTI) Singapore is refreshing its economic strategy to secure its future in a world marked by greater contestation, fragmentation and volatility, Prime Minister Lawrence Wong said Friday. Wong was speaking on the eve of 60th independence day on Saturday that is celebrated as National Day. To stay ahead, the country must remain 'exceptional" in its cohesion, resolve and performance, as well as 'move faster, adapt quicker and innovate smarter", PM Wong said in his National Day Message. Pointing out how Singapore now stands at a 'fork in the road," Wong said, 'To put it bluntly, the global order that enabled Singapore to thrive for decades is unraveling before our eyes." The Prime Minister reiterated that the country must now navigate a more contested, fragmented and volatile world. 'Thus far, Singapore's economy remains resilient but the outlook ahead continues to be highly uncertain," said Wong, 52, who is the fourth Prime Minister of the city state. 'We expect the global economy to remain troubled for some time. Businesses everywhere are holding back on expansion and new investments," he said. Amid global market disruption and the rapid pace of change, not everyone will find the transition easy, Wong — also Finance Minister — said and pledged that the government 'will walk this journey" with Singaporeans as it has done for the past six decades. 'We will expand opportunities for learning and skills upgrading, strengthen social safety nets, and help every Singaporean who faces setbacks to bounce back and press on," he said. 'That is why I launched Forward Singapore – to refresh our social compact and give every Singaporean the support and confidence to travel the road ahead," he added in his message that is traditionally broadcast every year on the eve of the National Day. Earlier this week, the government announced a fresh review of the country's economic strategy. Five committees have been formed to develop longer-term strategies in areas such as sharpening the country's global competitiveness and ability to tap on new technologies. PM Wong also invoked the 'Singapore spirit", which, he said, represents a deep sense of solidarity and shared purpose. The prime minister noted that Singapore has gone from a third-world country to a first-world nation in 60 years 'not through luck, but through sheer determination, resilience and unity." As the country stands on the threshold of a new chapter, it must draw strength from its past and press forward with confidence, he underlined. PTI GS NPK NPK view comments First Published: August 08, 2025, 18:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.