Singapore PM Wong keeps finance post amid economy, trade worries

City-state's leader keeps 'experienced hands' in post-election cabinet reshuffle

20250521 Lawrence Wong

Prime Minister Lawrence Wong will continue to act also as Singapore's finance minister in this parliament. (Photo by Suzu Takahashi)

DYLAN LOH

SINGAPORE -- Singapore Prime Minister Lawrence Wong announced on Wednesday that he will keep the finance minister position following the general election held earlier this month, as the city-state navigates economic challenges stemming from global trade worries.

"We are operating in a changed world, with rising trade barriers, sharper competition, and greater uncertainty," Wong said in a statement announcing new cabinet members. "We need experienced hands at the helm. So I'm keeping most of the ministers in their current roles during this critical period."

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