NDR 2026: Trust remains one of Singapore’s greatest strengths amid a fast-changing world, says PM Wong

In the rapidly changing world, Singapore remains a place where commitments are honored, according to Prime Minister Lawrence Wong. In his National Day Rally speech, Wong emphasized that trust is one of Singapore's greatest strengths amidst growing pressures in international trade, competition among great powers, and the emergence of new technologies. He noted that the country cannot respond to these challenges by retreating or turning inward, but rather by connecting to the world and creating value for its citizens.

Singapore is a major hub for business and finance, playing a vital role in global supply chains. It brings together markets, capital, talent, and ideas, all of which depend on trust. Countries, businesses, and investors trust Singapore because the rule of law prevails, institutions are strong, and contracts and commitments are honored. Wong reiterated that when Singapore gives its word, it keeps it.

Looking ahead, Singapore plans to strengthen unity within the Association of Southeast Asian Nations (ASEAN) when the country assumes the chairmanship next year. Additionally, Singapore aims to deepen partnerships beyond its region, bringing diverse partners together and keeping channels for dialogue and cooperation open. However, Wong stressed that Singapore cannot rely on others when facing trouble, and must be able to stand on its own and take care of its citizens.

Recent tensions, such as the US tariffs imposed on Singaporean goods due to alleged use of forced labor, highlight the challenges faced by Singapore in maintaining trust. Wong emphasized that Singapore takes these issues seriously and will enforce its domestic measures while continuing to engage with the US to address these concerns.