Lawrence Wong to Inherit “Healthy Economy” from PM Lee as Singdollar Surpasses Peers with 40% Advance

8
Comment
1

Lawrence Wong to Inherit “Healthy Economy” from PM Lee as Singdollar Surpasses Peers with 40% Advance

The Independent Singapore04-24

SINGAPORE: As Mr Lawrence Wong prepares to become the next Prime Minister of Singapore, following Mr Lee Hsien Loong next month, he will inherit Singapore’s “healthy economy” as the Singdollar ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

AlanGoh
·04-28
When would STI cross 3400 haha
Reply
Like
Report
MO75
·04-24
Sell in May and go away.
Reply
Like
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2429156976?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-24 11:28","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2429156976","market":"sg","top_or_hot":-1,"title":"Lawrence Wong to Inherit “Healthy Economy” from PM Lee as Singdollar Surpasses Peers with 40% Advance","media":"The Independent Singapore","content":"<div>\n<p>SINGAPORE: As Mr Lawrence Wong prepares to become the next Prime Minister of Singapore, following Mr Lee Hsien Loong next month, he will inherit Singapore’s “healthy economy” as the Singdollar ...</p>\n\n<a href=\"https://theindependent.sg/lawrence-wong-to-inherit-healthy-economy-from-pm-lee-as-singdollar-surpasses-peers-with-40-advance/\">Source Link</a>\n\n</div>\n","source":"theIndependentSg_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lawrence Wong to Inherit “Healthy Economy” from PM Lee as Singdollar Surpasses Peers with 40% Advance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLawrence Wong to Inherit “Healthy Economy” from PM Lee as Singdollar Surpasses Peers with 40% Advance\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-24 11:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://theindependent.sg/lawrence-wong-to-inherit-healthy-economy-from-pm-lee-as-singdollar-surpasses-peers-with-40-advance/><strong>The Independent Singapore</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE: As Mr Lawrence Wong prepares to become the next Prime Minister of Singapore, following Mr Lee Hsien Loong next month, he will inherit Singapore’s “healthy economy” as the Singdollar ...</p>\n\n<a href=\"https://theindependent.sg/lawrence-wong-to-inherit-healthy-economy-from-pm-lee-as-singdollar-surpasses-peers-with-40-advance/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STI.SI","symbol_name":"富时新加坡海峡指数","start_time":0,"source_url":"https://theindependent.sg/lawrence-wong-to-inherit-healthy-economy-from-pm-lee-as-singdollar-surpasses-peers-with-40-advance/","article_id":"2429156976","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429156976","pubTimestamp":1713929304,"sourceInfo":{"source_id":"theIndependentSg_highlight","name":"The Independent Singapore"},"weMediaInfo":null,"summary":"SINGAPORE: As Mr Lawrence Wong prepares to become the next Prime Minister of Singapore, following…","collect":0,"end_time":0,"defaultTopTitle":"theindependent.sg","property":[],"viewcount":null,"language":"en","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"translate_title":"王冠逸将从李明博总理手中接过“健康经济”，新元以40%的涨幅超越同行","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"STI.SI":1.1},"content_text":"SINGAPORE: As Mr Lawrence Wong prepares to become the next Prime Minister of Singapore, following Mr Lee Hsien Loong next month, he will inherit Singapore’s “healthy economy” as the Singdollar surpasses peers with a 40% advance.Singapore’s currency is strong, and its bonds and stocks are also doing well. Government bonds have also outperformed its global peers by around 16 percentage points.The Business Times reports that since Mr Lee entered office in 2004, the Singapore dollar has risen around 40% against major trading partners’ currencies. That’s more than double the rise of the US dollar over the same period.Mr Lee’s reign has seen Singapore’s economy more than double in size, reaching S$532.3 billion, according to Bloomberg-compiled data. Assets under management also climbed more than eight times over to S$4.9 trillion.Thanks to Mr Lee, Singapore has transformed into a global financial powerhouse and a magnet for top-notch talent. The city-state’s stock market also greatly benefits from the strong local currency.The Straits Times Index, measured in US dollar terms, has outperformed its Southeast Asian neighbours, outshining the MSCI ASEAN Index by 32 percentage points during Mr Lee’s reign.However, it’s not all sunshine and rainbows. As per Bloomberg-compiled data, over half of the companies listed locally are trading below their book value. This means there aren’t enough high-growth firms in Singapore’s small, mature economy.Mr Nirgunan Tiruchelvam, the head behind consumer and internet strategies at Aletheia Capital, suggests there’s room for Mr Wong to “take steps to support local equities.”He said, “It is possible that the nation’s sovereign wealth funds can invest more money into local markets. He may also look at increasing incentives for listing companies in Singapore market.” /TISG","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[{"id":300003439427824,"gmtCreate":1714262543695,"gmtModify":1714262547172,"author":{"id":"3570187411453325","authorId":"3570187411453325","name":"AlanGoh","avatar":"https://static.tigerbbs.com/de7c3c15ca8d800dc8cfed7fb85ee1b3","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":5,"crmLevelSwitch":1},"htmlText":"When would STI cross 3400 haha","listText":"When would STI cross 3400 haha","text":"When would STI cross 3400 haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/300003439427824","repostId":2429156976,"repostType":2,"repost":{"id":"2429156976","pubTimestamp":1713929304,"share":"https://www.laohu8.com/m/news/2429156976?lang=&edition=full","pubTime":"2024-04-24 11:28","market":"sg","language":"en","title":"Lawrence Wong to Inherit “Healthy Economy” from PM Lee as Singdollar Surpasses Peers with 40% Advance","url":"https://stock-news.laohu8.com/highlight/detail?id=2429156976","media":"The Independent Singapore","summary":"SINGAPORE: As Mr Lawrence Wong prepares to become the next Prime Minister of Singapore, following…","content":"<html><head></head><body><p>SINGAPORE: As Mr Lawrence Wong prepares to become the next Prime Minister of Singapore, following Mr Lee Hsien Loong next month, he will inherit Singapore’s “healthy economy” as the Singdollar surpasses peers with a 40% advance.</p><p>Singapore’s currency is strong, and its bonds and stocks are also doing well. Government bonds have also outperformed its global peers by around 16 percentage points.</p><p>The Business Times reports that since Mr Lee entered office in 2004, the Singapore dollar has risen around 40% against major trading partners’ currencies. That’s more than double the rise of the US dollar over the same period.</p><p>Mr Lee’s reign has seen Singapore’s economy more than double in size, reaching S$532.3 billion, according to Bloomberg-compiled data. Assets under management also climbed more than eight times over to S$4.9 trillion.</p><p>Thanks to Mr Lee, Singapore has transformed into a global financial powerhouse and a magnet for top-notch talent. The city-state’s stock market also greatly benefits from the strong local currency.</p><p>The Straits Times Index, measured in US dollar terms, has outperformed its Southeast Asian neighbours, outshining the MSCI ASEAN Index by 32 percentage points during Mr Lee’s reign.</p><p>However, it’s not all sunshine and rainbows. As per Bloomberg-compiled data, over half of the companies listed locally are trading below their book value. This means there aren’t enough high-growth firms in Singapore’s small, mature economy.</p><p>Mr Nirgunan Tiruchelvam, the head behind consumer and internet strategies at Aletheia Capital, suggests there’s room for Mr Wong to “take steps to support local equities.”</p><p>He said, “It is possible that the nation’s sovereign wealth funds can invest more money into local markets. He may also look at increasing incentives for listing companies in Singapore market.” /TISG</p></body></html>","source":"theIndependentSg_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lawrence Wong to Inherit “Healthy Economy” from PM Lee as Singdollar Surpasses Peers with 40% Advance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLawrence Wong to Inherit “Healthy Economy” from PM Lee as Singdollar Surpasses Peers with 40% Advance\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-24 11:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://theindependent.sg/lawrence-wong-to-inherit-healthy-economy-from-pm-lee-as-singdollar-surpasses-peers-with-40-advance/><strong>The Independent Singapore</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE: As Mr Lawrence Wong prepares to become the next Prime Minister of Singapore, following Mr Lee Hsien Loong next month, he will inherit Singapore’s “healthy economy” as the Singdollar ...</p>\n\n<a href=\"https://theindependent.sg/lawrence-wong-to-inherit-healthy-economy-from-pm-lee-as-singdollar-surpasses-peers-with-40-advance/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://theindependent.sg/lawrence-wong-to-inherit-healthy-economy-from-pm-lee-as-singdollar-surpasses-peers-with-40-advance/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2429156976","content_text":"SINGAPORE: As Mr Lawrence Wong prepares to become the next Prime Minister of Singapore, following Mr Lee Hsien Loong next month, he will inherit Singapore’s “healthy economy” as the Singdollar surpasses peers with a 40% advance.Singapore’s currency is strong, and its bonds and stocks are also doing well. Government bonds have also outperformed its global peers by around 16 percentage points.The Business Times reports that since Mr Lee entered office in 2004, the Singapore dollar has risen around 40% against major trading partners’ currencies. That’s more than double the rise of the US dollar over the same period.Mr Lee’s reign has seen Singapore’s economy more than double in size, reaching S$532.3 billion, according to Bloomberg-compiled data. Assets under management also climbed more than eight times over to S$4.9 trillion.Thanks to Mr Lee, Singapore has transformed into a global financial powerhouse and a magnet for top-notch talent. The city-state’s stock market also greatly benefits from the strong local currency.The Straits Times Index, measured in US dollar terms, has outperformed its Southeast Asian neighbours, outshining the MSCI ASEAN Index by 32 percentage points during Mr Lee’s reign.However, it’s not all sunshine and rainbows. As per Bloomberg-compiled data, over half of the companies listed locally are trading below their book value. This means there aren’t enough high-growth firms in Singapore’s small, mature economy.Mr Nirgunan Tiruchelvam, the head behind consumer and internet strategies at Aletheia Capital, suggests there’s room for Mr Wong to “take steps to support local equities.”He said, “It is possible that the nation’s sovereign wealth funds can invest more money into local markets. He may also look at increasing incentives for listing companies in Singapore market.” /TISG","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":298699802652784,"gmtCreate":1713930205453,"gmtModify":1713930208910,"author":{"id":"3585255751373364","authorId":"3585255751373364","name":"MO75","avatar":"https://static.tigerbbs.com/d033068949889afd8c31c73da66c8e75","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":0},"htmlText":"Sell in May and go away.","listText":"Sell in May and go away.","text":"Sell in May and go away.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/298699802652784","repostId":2429156976,"repostType":2,"repost":{"id":"2429156976","pubTimestamp":1713929304,"share":"https://www.laohu8.com/m/news/2429156976?lang=&edition=full","pubTime":"2024-04-24 11:28","market":"sg","language":"en","title":"Lawrence Wong to Inherit “Healthy Economy” from PM Lee as Singdollar Surpasses Peers with 40% Advance","url":"https://stock-news.laohu8.com/highlight/detail?id=2429156976","media":"The Independent Singapore","summary":"SINGAPORE: As Mr Lawrence Wong prepares to become the next Prime Minister of Singapore, following…","content":"<html><head></head><body><p>SINGAPORE: As Mr Lawrence Wong prepares to become the next Prime Minister of Singapore, following Mr Lee Hsien Loong next month, he will inherit Singapore’s “healthy economy” as the Singdollar surpasses peers with a 40% advance.</p><p>Singapore’s currency is strong, and its bonds and stocks are also doing well. Government bonds have also outperformed its global peers by around 16 percentage points.</p><p>The Business Times reports that since Mr Lee entered office in 2004, the Singapore dollar has risen around 40% against major trading partners’ currencies. That’s more than double the rise of the US dollar over the same period.</p><p>Mr Lee’s reign has seen Singapore’s economy more than double in size, reaching S$532.3 billion, according to Bloomberg-compiled data. Assets under management also climbed more than eight times over to S$4.9 trillion.</p><p>Thanks to Mr Lee, Singapore has transformed into a global financial powerhouse and a magnet for top-notch talent. The city-state’s stock market also greatly benefits from the strong local currency.</p><p>The Straits Times Index, measured in US dollar terms, has outperformed its Southeast Asian neighbours, outshining the MSCI ASEAN Index by 32 percentage points during Mr Lee’s reign.</p><p>However, it’s not all sunshine and rainbows. As per Bloomberg-compiled data, over half of the companies listed locally are trading below their book value. This means there aren’t enough high-growth firms in Singapore’s small, mature economy.</p><p>Mr Nirgunan Tiruchelvam, the head behind consumer and internet strategies at Aletheia Capital, suggests there’s room for Mr Wong to “take steps to support local equities.”</p><p>He said, “It is possible that the nation’s sovereign wealth funds can invest more money into local markets. He may also look at increasing incentives for listing companies in Singapore market.” /TISG</p></body></html>","source":"theIndependentSg_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lawrence Wong to Inherit “Healthy Economy” from PM Lee as Singdollar Surpasses Peers with 40% Advance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLawrence Wong to Inherit “Healthy Economy” from PM Lee as Singdollar Surpasses Peers with 40% Advance\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-24 11:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://theindependent.sg/lawrence-wong-to-inherit-healthy-economy-from-pm-lee-as-singdollar-surpasses-peers-with-40-advance/><strong>The Independent Singapore</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE: As Mr Lawrence Wong prepares to become the next Prime Minister of Singapore, following Mr Lee Hsien Loong next month, he will inherit Singapore’s “healthy economy” as the Singdollar ...</p>\n\n<a href=\"https://theindependent.sg/lawrence-wong-to-inherit-healthy-economy-from-pm-lee-as-singdollar-surpasses-peers-with-40-advance/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://theindependent.sg/lawrence-wong-to-inherit-healthy-economy-from-pm-lee-as-singdollar-surpasses-peers-with-40-advance/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2429156976","content_text":"SINGAPORE: As Mr Lawrence Wong prepares to become the next Prime Minister of Singapore, following Mr Lee Hsien Loong next month, he will inherit Singapore’s “healthy economy” as the Singdollar surpasses peers with a 40% advance.Singapore’s currency is strong, and its bonds and stocks are also doing well. Government bonds have also outperformed its global peers by around 16 percentage points.The Business Times reports that since Mr Lee entered office in 2004, the Singapore dollar has risen around 40% against major trading partners’ currencies. That’s more than double the rise of the US dollar over the same period.Mr Lee’s reign has seen Singapore’s economy more than double in size, reaching S$532.3 billion, according to Bloomberg-compiled data. Assets under management also climbed more than eight times over to S$4.9 trillion.Thanks to Mr Lee, Singapore has transformed into a global financial powerhouse and a magnet for top-notch talent. The city-state’s stock market also greatly benefits from the strong local currency.The Straits Times Index, measured in US dollar terms, has outperformed its Southeast Asian neighbours, outshining the MSCI ASEAN Index by 32 percentage points during Mr Lee’s reign.However, it’s not all sunshine and rainbows. As per Bloomberg-compiled data, over half of the companies listed locally are trading below their book value. This means there aren’t enough high-growth firms in Singapore’s small, mature economy.Mr Nirgunan Tiruchelvam, the head behind consumer and internet strategies at Aletheia Capital, suggests there’s room for Mr Wong to “take steps to support local equities.”He said, “It is possible that the nation’s sovereign wealth funds can invest more money into local markets. He may also look at increasing incentives for listing companies in Singapore market.” /TISG","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":8,"commentSize":0,"repostSize":2,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}