Singapore’s Wong Unveils Budget for ‘More Dangerous’ World (5)

Singapore’s Prime Minister Lawrence Wong unveiled a budget he said would help the city-state thrive as it faces a “more dangerous” world, marked by technological challenges and globalization on the retreat.

In a 1.5-hour speech, Wong detailed increased funding for the nation’s priority areas such as artificial intelligence, innovation and defense, while also ramping up support for low-income households and workers, the elderly and small businesses.

“Standing still is not an option. We cannot wait for conditions to turn more favorable, nor can we fall back on strategies designed for a previous era,” Wong said in his annual budget speech ...