Singapore PM Lawrence Wong's National Day Message for 2025

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Singapore is refreshing its economic strategy to strengthen its competitiveness and secure its future in a "very different world", said Prime Minister Lawrence Wong in his National Day Message to Singaporeans.

In a televised broadcast on Friday (Aug 8), Mr Wong said: "We expect the global economy to remain troubled for some time. Businesses everywhere are holding back on expansion and new investments. So far, our economy has been resilient. But the outlook remains highly uncertain."

He highlighted efforts of the Singapore Economic Resilience Taskforce, chaired by DPM Gan Kim Yong.

"To stay ahead, Singapore must remain exceptional – in our cohesion, in our resolve, in our performance. We must move faster, adapt quicker and innovate smarter," he said.

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