Reported 9 months ago
On May 15, amidst admiration for former Prime Minister Lee Hsien Loong, Singapore completed its leadership handover to the fourth generation. Under Lee Hsien Loong's 20-year tenure, Singapore's GDP grew from $115 billion to $501.3 billion, and per capita income increased from $27,600 to $84,700, ranking fifth globally. Singapore's stable political and economic environment led to it being the top business environment for 16 consecutive years, attracting significant FDI and propelling the nation into the league of advanced nations. Through innovative industry policies and strong governance, Singapore transformed from a small third-world country into a global economic and geopolitical player, excelling in sectors like semiconductor industry, maritime transport, and finance.
Source: YAHOO