Singapore (VNA) – Singaporean President Tharman Shanmugaratnam on March 18 warned of bracing times for a prolonged storm of global political instability, as he formally assented to the Government’s spending plans for fiscal year 2026.
As reported by the local news platform AsiaOne, pointing to the ongoing conflict in the Middle East, now in its third week, the President cautioned that there is an increasing risk of a major economic downturn and higher inflation.
Tharman said that reserves built up over the years will help Singapore to deal with major crises, as the city state has done before.
He stressed the Singapore Budgets that enable the country to invest boldly in every needed skill and capability, and to preserve some finances for future needs.
He reminded Singaporeans that being a country trusted by other countries can open up new opportunities for mutual benefit.
This will in turn enable Singapore to diversity its trade and sources of energy./.
World Water Day 2026: A “critical survival challenge” for Singapore
Speaking at Singapore World Water Day and the launch of national water agency PUB’s annual water conservation campaign, Coordinating Minister for Public Services Chan Chun Sing noted that the country has the technology to "largely" process the water it needs. But Singapore’s water dependency has now shifted to an energy dependency.
