
'Move faster, adapt quicker and innovate smarter': PM Wong on how Singapore can stay ahead in National Day message, Singapore News
"We must move faster, adapt quicker and innovate smarter. That means embracing new technologies like Artificial Intelligence (AI) and robotics — and applying them meaningfully across our economy," he said.
People, workers and businesses here must also be enabled to make full use of these tools to sharpen the country's competitive edge.
"The pace of change will be rapid and not always comfortable. There will be disruption. Not everyone will find the transition easy," he added. Outlook 'highly uncertain': PM Wong
Addressing the nation in a media broadcast at The Padang, he pointed out the global issues of new conflicts, deepened geopolitical tensions, heightened trade barriers and worsening protectionist sentiments.
"To put it bluntly: The global order that enabled Singapore to thrive for decades is unravelling before our eyes," said PM Wong.
It is thus necessary for Singapore to prepare ahead for challenges and developments — and other countries are not "standing still", he noted.
"They have more resources, larger populations and are hungry to succeed.
"The bigger powers are also now more willing to use every tool at their disposal — economic, technological and geopolitical — to tilt the playing field in their favour. That will make it harder for small states like Singapore to hold our own."
He continued that the global economy is expected to "remain troubled for some time". And while the Republic's economy has been "resilient" thus far, the outlook remains "highly uncertain".
In this regard, PM Wong said the Singapore Economic Resilience Taskforce has rolled out targeted measures for businesses and workers, and will continue to assess risks, identify new opportunities and prepare firms and workers for the future. 'This Govt will walk this journey with you'
PM Wong acknowledged that the pace of change will be rapid but said the Government will "walk this journey" with citizens.
"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 elaborated.
Highlighting the Forward Singapore exercise and new policies like the SkillsFuture Jobseeker Support Scheme, he said more will be done to uplift lower-income workers and families.
PM Wong emphasised that this is a shared effort by community groups, businesses, unions and many passionate individuals.
He then added that Singapore cannot afford to be divided.
"We may come from different races, speak different languages, and hold different beliefs. But we are bound by something deeper: a shared commitment to one another, and to Singapore.
"This is the faith that has sustained us these past 60 years: faith in ourselves, in one another, and in the promise of Singapore. It gave us the strength to build a nation from scratch.
"And this same spirit will be even more vital in the years ahead, as the pace of change quickens and the world becomes more uncertain." Special exhibition to mark SG60
To celebrate Singapore's 60th year of independence, a special exhibition will be held at the Orchard Library, announced PM Wong.
The exhibition features a collection of ground-up aspirations and wishes reflecting a vision of what Singapore can be. It has started welcoming student visitors, and will be open to the general public later in August.
"In 60 years, we have gone from third world to first. Not through luck, but through sheer determination, resilience and unity," he concluded.
"Now, as we stand on the threshold of a new chapter, we must draw strength from our past, and press forward with confidence. Together, we will secure a brighter future for ourselves, our children, and generations to come."
[[nid:720779]]
lim.kewei@asiaone.com
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Straits Times
27 minutes ago
- Straits Times
Britain to expand foreign criminals deportations scheme
Sign up now: Get ST's newsletters delivered to your inbox Migrants picked up at sea attempting to cross the English Channel from France, arriving at the Marina in Dover, south-east England, on Feb 9, 2025. LONDON - The UK government announced on Aug 10 that it will expand a scheme forcing some foreign nationals to have appeals against convictions heard from abroad, to prevent them delaying deportations. The number of countries enrolled in the initiative will nearly treble to 23, with people from those nations now to be deported before they can appeal their convictions, it said. In a separate announcement, Justice Secretary Shabana Mahmood said she intends to change the law so most foreign criminals will be deported immediately when they receive a prison sentence. Foreign national offenders make up around 12 per cent of the prison population, and the move could save money, according to Ms Mahmood. The steps come as Prime Minister Keir Starmer's centre-left Labour government faces intense domestic pressure over immigration, as Mr Nigel Farage's right-wing Reform UK party surges in polls. Mr Farage, a longtime critic of immigration, has made the issue central to his party's messaging , alongside a focus on crime. Mr Starmer's government, which has slumped in popularity since taking power a year ago, has made a flurry of announcements on both policy areas in an apparent bid to counter Reform's appeal. Top stories Swipe. Select. Stay informed. Singapore 55,000 BTO units to be launched from 2025 to 2027, will help moderate HDB resale prices: Minister Singapore First voluntary redevelopment projects for HDB flats likely to be launched in first half of 2030s Singapore Israel's plan to step up Gaza offensive dangerous and unacceptable: MFA Singapore Over 118,000 speeding violations in first half of 2025; situation shows no signs of improvement: TP Singapore Four men arrested after Bukit Timah police op believed to be linked to housebreaking syndicates Singapore 'It's so close': Crowds turn up for Red Lions, mobile column at National Day heartland celebrations Singapore 'We could feel the heat from our house': Car catches fire in Bidadari area Singapore 65-year-old ice cream man helps spread smiles with cool treats in Income giveaway The interior ministry said the expansion of the pre-appeal deportation scheme will increase 'the UK's ability to remove foreign criminals at the earliest opportunity'. It will also ease pressure on overcrowded prisons, it noted. The ministry added that almost 5,200 convicted criminals with foreign passports had been removed since July 2024, claiming that represented a 14 per cent year-on-year increase. Under the 'deport now appeal later' scheme, those convicted and whose human rights claims have been refused will have appeals heard from their home coutries using video technology. It has already been used for people from Tanzania, Finland, Estonia, Belize and four other countries but will be expanded to 15 additional countries. They include European nations Latvia and Bulgaria, African countries Angola, Botswana, Kenya, Uganda and Zambia, Western allies Australia and Canada as well as India, Indonesia, Lebanon and Malaysia. The government said ministers are discussing with other countries about joining the scheme. 'For far too long, foreign criminals have been exploiting our immigration system, remaining in the UK for months or even years while their appeals drag on,' interior minister Yvette Cooper said. 'That has to end. Those who commit crimes in our country cannot be allowed to manipulate the system,' she added. AFP

Straits Times
27 minutes ago
- Straits Times
While You Were Sleeping: 5 stories you might have missed, Aug 11, 2025
Sign up now: Get ST's newsletters delivered to your inbox An Israeli military vehicle manoeuvres inside the Gaza strip, as seen from Israel, Aug 10, 2025. Netanyahu announces plan to allow foreign reporters into Gaza Israeli Prime Minister Benjamin Netanyahu announced on Aug 10 a plan to allow more foreign journalists to report inside Gaza with the military, as he laid out his vision for victory in the territory during a rare press conference. Access to Gaza has been tightly controlled over the course of 22 months of war against Hamas. Israel has blocked most foreign correspondents from independently accessing the territory since it launched its campaign there following the Palestinian militant group's unprecedented Oct 7, 2023 attack, with officials often citing security as a reason. The Israeli military has taken journalists on occasional embeds that are tightly controlled by security officials. READ MORE HERE US V-P Vance says Ukraine peace deal unlikely to satisfy either side US Vice-President J.D. Vance said a negotiated settlement between Russia and Ukraine is unlikely to satisfy either side, and any peace deal will likely leave both Moscow and Kyiv "unhappy." He said the US is aiming for a settlement both countries can accept. Top stories Swipe. Select. Stay informed. Singapore 55,000 BTO units to be launched from 2025 to 2027, will help moderate HDB resale prices: Minister Singapore First voluntary redevelopment projects for HDB flats likely to be launched in first half of 2030s Singapore Israel's plan to step up Gaza offensive dangerous and unacceptable: MFA Singapore Over 118,000 speeding violations in first half of 2025; situation shows no signs of improvement: TP Singapore Four men arrested after Bukit Timah police op believed to be linked to housebreaking syndicates Singapore 'It's so close': Crowds turn up for Red Lions, mobile column at National Day heartland celebrations Singapore 'We could feel the heat from our house': Car catches fire in Bidadari area Singapore 65-year-old ice cream man helps spread smiles with cool treats in Income giveaway "It's not going to make anybody super happy. Both the Russians and the Ukrainians, probably, at the end of the day, are going to be unhappy with it," he said on Fox News' Sunday Morning Futures with Maria Bartiromo. READ MORE HERE One killed, dozens injured as 6.1-magnitude quake hits western Turkey PHOTO: REUTERS A 6.1-magnitude quake struck Sindirgi in western Turkey on Aug 10, the Turkish disaster management agency (Afad) said, killing at least one person and injuring dozens more. The quake was felt across several cities in the west of the country, including Istanbul and the tourist hotspot of Izmir. No deaths were reported. 'An 81-year-old person died soon after having been rescued from under the rubble,' Turkish Interior Minister Ali Yerlikaya told journalists at Sindirgi, the epicentre of the quake. READ MORE HERE Fire breaks out on Edinburgh landmark Arthur's Seat REUTERS A wildfire broke out on Arthur's Seat, the extinct volcano overlooking Scotland's capital Edinburgh, on Aug 10, spreading extensively across the landmark which is popular with walkers and tourists and producing smoke visible from kilometres around. Arthur's Seat is the highest point of Holyrood Park, near Scotland's Parliament and the end of Edinburgh's famous Royal Mile. About 250m above sea level, it is a popular vantage point with visitors for its views of the city. "Crews are in attendance at a fire in the open at Arthur's Seat, Holyrood Park, Edinburgh," the Scottish Fire and Rescue Service said on X. READ MORE HERE Liverpool need to tighten up defensively, Slot says after Community Shield loss PHOTO: REUTERS Liverpool have conceded too many goals in pre-season and need to adapt defensively when they begin their Premier League title defence, manager Arne Slot said on Aug 10 after his side lost the Community Shield to Crystal Palace. The Reds have splashed the cash this summer, signing playmaker Florian Wirtz, plus forward Hugo Ekitike and attacking full-backs Jeremie Frimpong and Milos Kerkez, though key players have also departed. After winning the league in Slot's first term with only Federico Chiesa added to the squad left by former boss Juergen Klopp, Liverpool fans' expectations for the coming season have been buoyed by the uncharacteristic transfer spree.

Straits Times
an hour ago
- Straits Times
Singapore can deliver and thrive in a fragmented global economy: Morgan Stanley analysts
Sign up now: Get ST's newsletters delivered to your inbox The analysts say Singapore has a proven track record of adapting to a changing global economic environment. SINGAPORE - As investors look in bewilderment at the fast-deteriorating global economic landscape under US President Donald Trump's onslaught on globalisation, some analysts are looking to Singapore as one of the few safe havens worldwide. One of these analysts is Mr Derrick Kam, a Singapore-based Asia economist at US investment bank Morgan Stanley who believes the Republic is one of the few that offers more visibility on growth potential, political stability and governance quality. He believes that Singapore has a proven track record of making policies needed to adapt to a changing global economic environment. 'Where Singapore excels is sort of being able to spot these global trends and try to navigate through them... and then get ahead of them,' he said in an interview with The Straits Times, along with the bank's head of Asean research Nick Lord. Both the analysts recently co-authored a research report, Singapore At 60: Unlocking Wealth Creation, which tells investors that 'now is the time to build exposure to this dynamic and enterprising market'. The report references post-independence Singapore turning 60 in 2025. The report highlights the various initiatives Singapore has launched in recent years – to reinforce its hub industries and implement emerging technologies such as artificial intelligence (AI) to boost productivity – which could see its household net assets almost doubling to reach US$4 trillion (S$5.13 trillion) by 2030. Morgan Stanley sees the surge in household net assets as a tangible sign of real wealth creation – the process of growing assets and financial resources over time to achieve financial security and independence. The bank believes that wealth creation will be an essential part of the process by which developed economies such as Singapore will support their populations and mitigate risks inherent in a multipolar world, with an ageing population, changing patterns of energy production and consumption, and spread of new technologies. Top stories Swipe. Select. Stay informed. Singapore 55,000 BTO units to be launched from 2025 to 2027, will help moderate HDB resale prices: Minister Singapore First voluntary redevelopment projects for HDB flats likely to be launched in first half of 2030s Singapore Israel's plan to step up Gaza offensive dangerous and unacceptable: MFA Singapore Over 118,000 speeding violations in first half of 2025; situation shows no signs of improvement: TP Singapore Four men arrested after Bukit Timah police op believed to be linked to housebreaking syndicates Singapore 'It's so close': Crowds turn up for Red Lions, mobile column at National Day heartland celebrations Singapore 'We could feel the heat from our house': Car catches fire in Bidadari area Singapore 65-year-old ice cream man helps spread smiles with cool treats in Income giveaway 'The next step forward, we believe, will be wealth creation – building upon Singapore's established brand and economic success to further grow the country's capital and global financial standing,' the Morgan Stanley analysts said in the report. The report highlights prospects of the Singapore stock market after the launch earlier in 2025 of a series of measures by the Equities Market Review Group, established by the Monetary Authority of Singapore. Morgan Stanley believes the market reforms – including a $5 billion Equity Market Development Programme announced in February – could drive up return on equities and other market multiples and lead to a doubling of stock market capitalisation by 2030. On hub industries, Morgan Stanley expects Singapore to reinforce its energy hub by also becoming a major trading centre for liquefied natural gas and carbon trading as the world moves from fossil fuels to renewables. Already home to 400 global traders that transact 20 per cent of the world's energy and metals trade, Singapore could see services related to carbon trading alone generate as much as US$5.6 billion in gross value to its economy by 2050, according to the Economic Development Board's estimates. Singapore is also the world's third-largest foreign exchange (FX) trading hub after London and New York, and the biggest in the Asia-Pacific. Almost US$1 trillion of FX is traded in Singapore every day. Morgan Stanley expects that as Asian currencies take a larger share of daily global FX trade, this would make Singapore a more crucial currency trading centre, even if it does not surpass London or New York. The bank believes that Singapore can become a more significant transport and tourism hub as well, with airport capacity expansion projects and technology enhancements supporting its long-term growth goals. The Singapore Tourism Board's 2040 road map targets tourism receipts reaching $50 billion . Changi Airport plans to invest $3 billion to improve services over the next six years. It will also start the construction of Terminal 5 and open it to the public in the mid-2030s. Finally, Singapore – along with Japan and Malaysia – is likely to get a disproportionate amount of investments for new data centres and generative AI investments by the likes of Amazon Web Services, Microsoft, GDS and other regional and global hyperscalers. Singapore has 26 subsea cables landing across three sites – one of the highest in Asia – and its domestic infrastructure is set to be upgraded to support 10 gigabits-per-second broadband speeds within the next five years. 'We believe strengthening its leadership position in key hub industries and continuing to adopt technological advancements will yield strong productivity gains for Singapore,' Mr Kam said in the interview. He estimates that AI adoption can potentially help Singapore sustain medium-term gross domestic product growth of around 3 per cent, which would keep Singapore as one of the fastest-growing developed economies in the world. The Morgan Stanley analysts do recognise the risks that can hinder Singapore's progress on these initiatives, but they believe its proactive policymaking will keep it a step ahead of others. The Singapore Government is trying to be as proactive as it can be. Soon after the April 2 launch of Mr Trump's reciprocal tariff policy, the Republic set up the Singapore Economic Resilience Taskforce to help businesses and workers navigate the immediate uncertainties arising from the US tariffs and related global developments. On Aug 4, it launched an Economic Strategy Review (ESR) to help ensure Singapore thrives in the new global economic landscape. The ESR comprises five committees, each co-chaired by two political office-holders who will be joined by private sector, union and other stakeholders. The committees will engage widely with businesses and workers and other stakeholders and publish their recommendations by mid-2026. Most analysts believe similar initiatives helped the country manage crises in the past, including the more recent Covid-19-induced downturn. Mr Lord said: 'So the question is: Can Singapore adapt more successfully than others? And the track record would suggest it probably can.'