SINGAPORE — Singapore Prime Minister Lawrence Wong announced on Wednesday that he will keep the finance minister position following the general election held earlier this month, as the city-state navigates economic challenges stemming from global trade worries.
“We are operating in a changed world, with rising trade barriers, sharper competition, and greater uncertainty,” Wong said in a statement announcing new cabinet members. “We need experienced hands at the helm. So I’m keeping most of the ministers in their current roles during this critical period.”