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Prime Minister Lee Hsien Loong has led Singapore for 17 years. The next leader faces the task of steering the city-state to steady growth in an unstable world.   © Nikkei montage/Source photo by Reuters
Asia Insight

Singapore's succession: COVID and war raise stakes in PM search

City-state seeks a new economic path, and its next leader, amid global crises

KENTARO IWAMOTO, Nikkei staff writer | Singapore

SINGAPORE -- Thousands of kilometers away from the battle for Ukraine, Singaporean Prime Minister Lee Hsien Loong's government has sounded the alarm and stuck its neck out on sanctions.

Singapore over the weekend announced prohibitions on doing business with four Russian banks, as well as restrictions on fundraising for Moscow or its central bank. The city-state is also banning exports of key technologies.

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