Friday, May 3, 2024

Singapore must not let other countries dictate what it does, says Shanmugam

No matter how big or friendly other countries are, Singapore’s policies are for Singaporeans to decide, says the Law and Home Affairs Minister in a speech.

A view of Singapore's central business district and the Merlion on Nov 16, 2022. (File photo: CNA/Hanidah Amin)

Lee Chong Ming

05 Feb 2023 


SINGAPORE: Amid a global situation more uncertain and challenging than any period since its independence, Singapore continues to believe in the need for many major countries to participate in the region, to achieve a balance of power, said Law and Home Affairs Minister K Shanmugam on Sunday (Feb 5).

But as a small nation, Singapore must also put its interests first and not let other countries - big or small, no matter how friendly - dictate what it does, he added.

ASEAN, China and the trust deficit

RAHMAN YAACOB

The gap between rhetoric and action is Beijing’s biggest
problem – and the region showed it isn’t afraid to call this out.

China’s Premier Li Qiang waves amid the assembled ASEAN leaders following the ASEAN-China Summit,
6 September 2023 (Willy Kurniawan, Mast Irham via AFP/Getty Images)


12 Sep 2023

Trust (or the lack of it) seems to be the central theme in describing relations between the Association of Southeast Asian Nations and China. Several ASEAN leaders emphasised this point during the leaders’ summit last week in Jakarta.

Will the Indian economy ever surpass that of China?

Alicia GarcĂ­a-Herrero

Apr 30, 2024 

India’s growth rate is clearly higher than that of China, especially since 2022, and there is no expectation this trend will
change any time soon. Photo: Bloomberg


Had I asked this question ten years ago, the answer would have been clear cut: Impossible. But things are changing. The Chinese economy is five to six times bigger than that of India, but India’s growth rate is clearly higher than that of China, especially since 2022, and there is no expectation this trend will change any time soon. This means that, unless a major shock hits the Indian economy, it will continue to converge in size with that of China for at least 30 years until India completes its urbanization process. Whether this will make the Indian economy bigger than that of China is hard to tell since it will depend on how fast China will decelerate but also how long India will continue to benefit from its current long-hanging fruits to create growth, from urbanization, a growing population and a very favourable external environment as the most obvious hedge for the West against the rise of China.