This article explains Singapore Prime Minister Lawrence Wong's National Day Rally speech delivered on August 17, covering responses to US tariff measures and new economic strategies.
Vigilance Toward US Tariffs PM Wong expressed recognition that while the 10% basic tariff the US applies to Singapore is "the minimum level rate applied to any country, we cannot be complacent." He mentioned possibilities of basic tariff increases or additional tariffs on specific items such as pharmaceuticals and semiconductors, emphasizing that the situation cannot be viewed optimistically.
Employment-Focused Economic Strategy The 2025 speech featured the formulation of new economic strategies responding to US tariff measures and artificial intelligence (AI) proliferation as main themes. PM Wong stated that "the core of our economic strategy is jobs, jobs, and jobs," and enhanced the "SkillsFuture Level-Up" program for workers aged 40 and above. In addition to the existing full-time study at public educational institutions, the program now partially extends to part-time study and private training institutions, providing living allowance support.
AI Proliferation Response and Tripartite Cooperation Regarding AI technology proliferation, the government pledged to support all companies, including SMEs, to efficiently incorporate AI into their operations and enhance competitiveness. For employment changes accompanying AI proliferation, the government will collaborate with the National Trades Union Congress (NTUC) and workers in tripartite cooperation to redesign jobs and support all workers in maximizing their capabilities.
Woodland Redevelopment Accelerated by JS-SEZ Development The development of the Johor-Singapore Special Economic Zone (JS-SEZ) in southern Malaysia is expected to accelerate redevelopment of Singapore's northern Woodland area. To improve access between both countries, the Woodland immigration facility will be expanded approximately five-fold. Around the Singapore-side station of the Rapid Transit System (RTS) scheduled to open by end-2026, an industrial zone will be developed to support JS-SEZ operations. Additionally, approximately 4,000 public housing units (HDB flats) are planned for construction at the adjacent Admiralty Park.
The article reports that Singapore has clarified its policy to respond to the changing international environment through employment-focused economic strategies and strengthened cooperation with Malaysia, while maintaining a cautious stance toward changes in US trade policy.