Trust is Singapore's greatest strength amid global instability, says PM Wong

Singapore's ability to earn and maintain trust is its most significant asset in an increasingly unstable world, Prime Minister Lawrence Wong declared Sunday.

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In a world where trust is in short supply, being trusted is one of Singapore’s greatest strengths.

Speaking during the National Day Rally, Wong noted the rising risks of conflict due to global trade pressures, great power competition, and technological advancements. "This is our world today – more contested, more unstable and more dangerous than before," he stated. "These are not temporary disruptions. This is the new normal that Singapore will have to endure and survive for many years to come."

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This is our world today – more contested, more unstable and more dangerous than before. These are not temporary disruptions. This is the new normal that Singapore will have to endure and survive for many years to come.

Despite these challenges, Wong asserted that Singapore cannot afford to withdraw. The nation's prosperity has been built on global connections and creating value for the world. "All of these strengths depend on one thing: Trust," he said. "Countries trust us, businesses trust us, investors trust us." He elaborated that this trust stems from Singapore's strong rule of law, robust institutions, and commitment to honoring contracts and promises. "When Singapore gives our word, we keep it," Wong affirmed.

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All of these strengths depend on one thing: Trust. Countries trust us, businesses trust us, investors trust us.

Looking ahead, Singapore aims to bolster unity within the Association of Southeast Asian Nations (ASEAN) during its upcoming chairmanship. The nation will also focus on strengthening ties beyond the region, facilitating dialogue and cooperation among diverse partners. However, Wong stressed the importance of self-sufficiency, stating, "We must be able to stand on our own, and take care of our own." He pointed to the government's swift actions during the Middle East crisis, including repatriating citizens, securing supplies, and providing support packages, as examples of this preparedness. The immediate focus remains on stabilizing the nation and supporting its people through current turbulence, but the long-term strategy involves preparing for deeper, ongoing global changes.

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When Singapore gives our word, we keep it.