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Sell in May and go away.

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

SINGAPORE: As Mr Lawrence Wong prepares to become the next Prime Minister of Singapore, following…

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

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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. 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