The new cabinet in Singapore will inevitably pay more attention to the relationship with Malaysia, although the Malaysian Prime Minister Anhua, who actively strives for foreign investment (FDI), also regards Singapore as competitors.Naturally.
Li Xianlong, who has been the Prime Minister of Singapore for 20 years, has officially paid for Huang Xuncai, and was transferred to state -owned assets in accordance with usual practice.The fourth -generation leadership team.This also marks Li Xianlong's "4G" era after Singapore's official enters.
The last round of Singapore's renewal was in August 2004. The passage of time did not affect this urban country that has always maintained highly stable in politics.Essence
Although Singapore has achieved leadership, the current economic atmosphere is still good for Singapore, the challenges faced by the Prime Minister of New Sciences are still complicated.
The first challenge is the national election.The term of the current government will expire in November next year.The ruling People's Action Party received a 61.2%voting rate in the last election, which fell more than eight percentage points from the 2015 election, which showed that the voters had expected the diversification of Congress at that time.Now that the transit has moved, whether this emotion has changed because of some of the opposition forms of the party's form of informal alliance last year, it is necessary for Huang Xuncai to worry.
Global trade is the lifeblood of Singapore's economy, but the right forces and isolationism have risen in recent years. Some experts are worried about the European Parliament elections that will be held next month and the US presidential election of the United States half a year later.They all feel that the party and candidates who embrace extremely right and isolationist doctrines are likely to rise strongly, which will impact the freedom and openness of the global market in the future.Although the element of other countries is an uncontrollable element, Huang Xuncai needs to formulate a response mechanism to ensure that Singapore's lifeblood will not be affected by the international political atmosphere of isolation.
In addition to these challenges, Iranian President Leis's death and the Middle East, the Ukrainian war, the Sino -US trade war, and even frequent climate and natural disasters will be tested at any time.An incident with non -human beings constitutes a pressure on the global economy, leading to increased investment risks and increasingly conservative investors, thereby slowing global economic growth.Although Singapore has the advantages of political stability and zero natural disaster, it will still face the competition of other countries in taxation; coupled with the limitations of natural resources such as land and energy, Huang Xuncai, who is also the Minister of Finance, must make greater efforts to maintain Singapore to maintain SingaporeCompetitiveness.
Treasure to form the first set of cabinet lineups
The challenges of these packages indicate that this new team is in an extremely complicated political environment, so Huang Xuncai basically continued the practice of Li Xianlong when he was arranged by the cabinet.In 2004, Li Xianlong took the leadership stick from Wu Zuodong. That year, like this year, was the election year of President of Taiwan and the United States. At that time, the Persian Gulf War broke out in the Middle East.Disappear.Li Xianlong, who took over at the time of the geopolitical situation, retained most of the original cabinets when he was settled, and promoted the excellent diplomat Jaguga as the deputy prime minister.challenge.
Back to 2024, Huang Xuncai did not charge Zhouzhang's reorganization team. In addition to the promotion of the Minister of Trade and Industry, Yan Jinyong, concurrently served as Deputy Prime Minister, promoted three cabinets, and promoted the two new faces.Although most of the public opinion feels that this group foreshadow that various policies in Singapore will not have much adjustment in the future, at least to maintain the status quo, until the national election that must be held in November next year.Looking back at Li Xianlong's connection in 2004, you can find a rule, that is, the deputy prime minister's candidate at the beginning of the stick, which must basically meet the current situation needs.
Although the challenges faced by Singapore's fourth -generation leaders are complicated, foreign trade and competitiveness should be the most critical part.Singapore's economic pulse is financial and trade, and the tension of geopolitics often leads to foreign capital evacuation from hot spots.Leaders who are familiar with international trade can be better aware of the opportunities. In addition, it is also a common practice to retain a former deputy prime minister when the cabinet was first built. Therefore, Wang Ruijie's retention is also wise.Coupled with Huang Xuncai himself, Singapore has enough leaders who are good at handling economic issues.This can also explain why Huang Xuncai did not adjust the internal affairs minister of geopolitics, Shang Morgan when the international geopolitics were unclear.
Huang Xuncai Cabinet's administrative route in the next year will enhance competitiveness is the main axis.The disadvantage of Singapore is the limitations of land and energy. This is congenital defect, so the new cabinet must use regional cooperation to enhance competitiveness.Malaysia with water with water will be the most important partner of Singapore's fourth -generation leader.In this regard, Li Xianlong has actually paved the early stage for Huang Xuncai, and the Xinrou Subway System (RTS), Xinrou Special Economic Zone (JSSEZ) and Xin Sand (Lady) submarine cables made with Malaysia are all making up for the submarine cables.Singapore is inherently insufficient.
Therefore, Singapore's new cabinet will inevitably pay more attention to the relationship with Malaysia, although the Malaysian Prime Minister Anhua, who actively strives for foreign investment (FDI), also regards Singapore as competitors. FortunatelyNaturally.An Hua invited him to visit Malaysia as soon as possible when he was congratulated by Huang Xuncai, which also means that Malaysia is also positive in the relationship between operations and Singapore.Therefore, the new horse relationship in the Huang Xuncai era may be deeper than the age of Li Xianlong, and then form a mutually reciprocal and complementary competitive relationship.This will also make Huang Xuncai more calm when facing the above challenges and tests.
The author is a commentator at Malaysia and Assistant Professor of Rasman University International Research Center
