A newly convened crisis committee is addressing the potential economic and diplomatic fallout from escalating tensions involving Iran. The group is tasked with mitigating risks associated with a potential energy crisis and preventing sharp increases in consumer prices. In addition to economic concerns, diplomatic efforts are being prioritized to manage international relations and prevent further regional instability. Officials are currently focusing on securing global supply chains and maintaining market stability as the geopolitical situation continues to develop.
- Establishment of a dedicated crisis committee to manage the impact of international tensions.
- Implementation of strategies to address potential energy shortages and fuel price volatility.
- Prioritization of diplomatic communication to de-escalate regional conflict and maintain stability.
- Assessment of the risks posed to global trade routes and essential supply chains.
- Coordination between government departments to monitor domestic economic impacts.
Based in Singapore, CNA (Channel News Asia) covers global developments with an Asian perspective, with correspondents based in major cities across Asia, including Kuala Lumpur, Jakarta, Bangkok, Tokyo, Seoul and Beijing, as well as in New York, Washington D.C. and London.
Official website: https://www.channelnewsasia.com/
Original video here.
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Without establishing formal diplomatic relations with Iran, there is no official channel to voice our objection to the Iranian embassy on the damages suffered by our economy as a result of their hostile actions in the Straits of Hormuz.
But Sg sell oil to Australia?
For your info, ships are moving in the Hormuz.
after witnessing the circus of an administration in the US, i feel blessed our govt is way more dependable
Multi-Layered BS.
Minister Lee, anymore 0.11 cents/sqft/month for 23,000 sqm Good Class Bungalow for Singaporeans to rent or not? I am sure many Singaporeans want to rent for 3 X 3 X 3 X 3 years "special" contract, no need re-tender type. In HDB, even the aircon ledge exceeding 1m width is counted as chargeable GFA space. Maybe Singaporeans should tell the HDB the aircon ledge is non "livable space"?
Why Malaysia, a country so big in size and 6X population can afford to promptly help their citizens but Singapore, a comparative small in size and population have so many kinds of reasons?
World Highest Paid Ministers aren't fast enough or Not as willing or what are your reasons for them?
Hold back the AI push from 155b to 10b and use the rest to help out Singaporeans and Singapore economy now.
As we recall;
South Korea has finalized a record-high budget for artificial intelligence, allocating 10.1 trillion won ($7.27 billion) for AI initiatives in 2026. But, How can it compare to Singapore's PAP way Out of Proportion S155b AI budget? Many don't even know what they are doing? Recall; Modern U.S. Navy nuclear-powered aircraft carriers the Gerald R. Ford class, cost approximately $13 billion to $14 billion but the PAP allocated $155b budget for AI Push as compared to UN target of only US3b [or the Korean budget]. Is the PAP trying to stash away the revenue surpluses for another round of tax hike at the pretext of some subsidies? That's why I said; Pritam Singh is Correct. He said the PAP "TurboCharging the Inflation" and "Poor Marksmanship" [referring to the huge tax surpluses] accumulated from the GST Hikes.
Fuel tax halved and free public transport offered as war pushes up prices in Australia [Ref: BBC]
RON95 to stay at RM1.99 despite soaring global oil prices, says Anwar [Ref: The Star 15 Mar 26]
"With you, for you, for Singapore" Where?
Not only the Malaysia Govt helps their citizens in time of need, but In Malaysia, major surgery is $0 and NO GST, all paid for by the Malaysian Govt.
The Good, the Bad and the Ugly.
Australia and Malaysia Boleh!
Boastful evil usa created this problem
Singapore enforces sanctions against Iran and it is just that she feels the adverse effects of the Iran conflict.
US cannot be trusted, we need to build security arrangement with China and India, in additional to existing Australia and New Zealand commitment. also upgrade our cooperation with south korea that face similiar concern. it is idiotic to depend on US now.
our powerplant should be refitted so they can take coal in gas shortage. stop making the people pay for poor government planning.
Russia has the world biggest oil resources. Yet we obey empire who is a proven terrorist now to sanction Russia Iran. While we understand, most of Singapore foreign businesses rely on US economy and it's connections. Why are we still placing most of the eggs in the Empire? How come we sanction Russia who gave 10 years warning to US UK France Germany on not expanding Nato, while we stay silent on Empire war crimes on Iran and Israel gcide on Palestinians and Lebanonese?
What can he do? Only blah, blah ,blah. Even before the war, prices sky rocket. Now wayang. 😊😊😊
I tot he is on the law side???😮 Why is he talking about this issue😮 I'm puzzled
The red horse(war) and black horse(oil) of the apocalypse are running now…, & there's another horse after that..the green horse
The surprising thing is how Singapore still seems to be friendly towards US. After all have had happened, and we all know who is to blame. 🤔
Increasing in both Electricity @ 11% n Gas soon after Transport Hike by Itself not Helping The People
With Transport Hike…Cost of Food literally everything will rise
In The Last Budget 2025…
There are 15 BILLIONS SURPLUS
The usual amount 4 Reserve or Future Safety Net approximately 3 to 4 BILLIONS
Where is THE EXTRA 10 BILLIONS going???
If it is 4 Ministers Pay Hike or Government Bailout allegedly…
Unwarranted
Far worst if it is being use in AI MONEY GRAB as it is imploding in the moment
Window of Opportunity till 2027 maybe
Still Talking…
Setting Up Committee after Committee
Yet NO REAL COMMITMENT TO THE STRUGGLE OF THE VOTERS_People
The moral of the story is don't be complicit with AIPAC 😂😂😂