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Singapore PM Wong Rejects Weaker Currency as Shortcut to Competitiveness
Singapore Prime Minister Lawrence Wong pushed back against the idea of weakening the Singapore dollar to boost competitiveness, emphasizing that the city-state must instead rely on its economic strengths. Wong stated that a strong, stable Singapore dollar helps contain imported inflation, even as it adds to costs for businesses. His remarks were made at DBS's Asia Future Forward Conference on Monday.
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