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Gan Kim Yong, VicePrimer Minister of Singapore, during a panel session, in the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, January 21, 2025.
Stefan Wermuth | Bloomberg | Getty images
Asia will continue to be a “lighthouse of growth opportunities” despite increasing world commercial tensions, according to the Vice Prime Minister of Singapore, Gan Kim Yong.
“Even if some of us in Asia can not be directly affected, the impact of the increase in rates and trade wars could cause large interruptions in supply chains, slow down commercial and investment flows and significantly establish the growth of the global economy,” Gan said in the converge of CNBC in Singapore on Wednesday.
This is a development story. Update the updates.
