lawrence wong was sworn in, replacing lee hsien loong, who'd been in office for two decades.ith an advisory role. mr wong used his inauguration speech to warn that singaporeans face a world of conflict and rivalry — and they must be braced to adapt to a messier, riskier and more violent world. i'm joined now by michael barr an associate professor of international relations at flinders university. many thanks for your time. what are you expecting from this era? in many thanks for your time. what are you expecting from this era?- you expecting from this era? in the short term. — you expecting from this era? in the short term. very — you expecting from this era? in the short term, very much _ you expecting from this era? in the short term, very much more - you expecting from this era? in the short term, very much more of- you expecting from this era? in the short term, very much more of the| short term, very much more of the same and lawrence wong of the cookie cutter that manufactures leaders in singapore, the only big differences is not a member of the lee family and there is

lawrence wong is an economist, as you mention, by education. big shoes to fill from the prime minister, he still sits in the seat for a few more hours. singapore is one of the richest countries in the region. it is mainly a name for itself as a financial and manufacturing hub and long gone are the days when they were making hair wigs and coils for mosquitoes, and then semiconductors and manufacturers in aerospace as well as pharmaceuticals and so what lawrence wong wants to focus on now is as a rich country, it is an expensive place to live so many of the constituents, people here are concerned about that and also there needs to be concerned about the growing population thatis about the growing population that is experiencing, meaning there will be increases in taxes and the government will have to pay for healthcare and some other things of that nature. one of the other things that the prime minister has done well is balance of the act between the us and china as tensions continue to grow between these two superpowers. singapore really depends

lawrence wong was sworn in, replacing lee hsien loong, who�*d been in office for two decades.dvisory role. mr wong used his inauguration speech to warn that singaporeans face a world of conflict and rivalry and they must be braced to adapt to a messier, riskier and more violent world. with more, here�*s my colleague in singapore, nick marsh. this was a once in a generation event for singapore, and the p°mp event for singapore, and the pomp and circumstance of the occasion did well to match that. the man who lawrence wong is replacing is lee hsien loong, who has been in thejob for 20 years. his father before him was the legendary lee kuan yew, the founding father of singapore. sojust having yew, the founding father of singapore. so just having a leader of the country whose surname isn�*t lee is actually a bit of a novelty. kind of like a new era for singapore. but it�*s not as if singapore will wake up to a drastically different country. everything is carefully choreographed and lawrence wong was hand—picked two years ago by the people�*s action party as a solid, smart, compete

lawrence wong is sworn in as the country's new prime minister.g takes over the reins of powerfrom lee hsien loong, who has been in the top post for 20 years. veteran economist song seng wun gave us a sense of the challenges ahead. this is where the challenge lies for the new prime minister in terms of early days, the last or a0 years food on the table, jobs for the kids, roof over their head. today's children and young voters have different aspirations now and dealing with them is about them, their different ambition which includes cost of living, housing and livability, as well, even though all these things are creating better and well paying jobs. there is almost pressure. so balancing that will be the challenge. how it is being done, because china will still remain for singapore. dealing with the aspiration will be the challenge but we will see how it goes. head to our website for more analysis on that story. china is preparing for a two—day visit by russian president vladimir putin starting thursday. this will be putin's second trip to the ma

meanwhile, singapore will see a changing of the guard later today, when former finance minister lawrence wongs new prime minister. wong takes over the reins of powerfrom lee hsien loong, who has been in the top post for 20 years. veteran economist song seng wun gave us a sense of the challenges ahead. where the challenge really lies for the new pm in terms of the last say 30—a0 years, food on the table, roof over the head, jobs for the kids and children to come, today's kids and young voters have different aspirations now and dealing with them is really about the different ambitions which include cost of living, housing and availability, even though all these things are creating better and well—paying jobs, there is almost the pressure itself. so balancing that will be the challenge. this being done is where the challenge will remain for singapore. dealing with all these aspirations will be the challenge, but we'll see how it goes. challenge, but we'll see how it noes. �* , . challenge, but we'll see how it noes. �*, . ., challenge, but we'll see how it noes. h . ., ., goes. there's so much g

lawrence wong has talked about the compassion deficit in singapore in the past.hat is something he seems very keen to address. my suggestion to him as he takes on this new role and gets settled in would be to not just listen to members of his own cabinet, but also to seek out alternative views, because as tiny a singaporeans, is changing and there are different norms at play here. it would be worth listening to some of those people, perhaps in the opposition as well, and inculcating alternative uses as he moves the country forward into the new era. paul: our bloomberg opinion columnist there in singapore. other top geopolitical stories we are tracking, the u.s. says it is accelerating arms supplies to ukraine as a country's confronts a rut -- russian assault in the northeast. russian troops are taking control of some villages close to the border. the offensive is stretching ukraine's fortunes and may push redeploying units from the front line to the east. a power vacuum in gaza is urging leaders to focus more on postwar planning. israel's gradual deployment of tr

>> i think lawrence wong is definitely going to have a lot cut out for him and his first year.hink he has really done a lot of homework in terms of preparing to deal with these relationships. i think he has already talked about he is making a very principal approach when it comes to dealing with foreign policy. he's not pro-u.s., he's not pro-china, he's pro-singapore and what that means is taking a consistent principal approach, following rules-based international order, and i think that will be what will be guiding him in the first couple of months. avril: how soon do you think we could see him stand his own brag on foreign policy? >> i think it will take some time. i do think you will want to settle into his new role and get a bit more comfortable before bringing in some of his own brand into it. that being said, he is the first prime minister who is educated in the u.s. he is very familiar with the u.s. and how they operate. he has been able to bond with american companies, an american congressman when they come through. so i think that will help in terms of building his re

cabinet minister lawrence wong will replace his mentor lee hsieng loong, son of singapore's first leader the collapse of a bridge in the us city of baltimore says the ship that crashed into it had experienced an electrical blackout. the findings said the cargo vessel, the dali, had a power outage hours before while undergoing maintenance. thousands of residents in western canada have been ordered to evacuate their homes in the face of fierce wildfires. firefighters say the wildfire season is well under way, with more than a hundred blazes classed as "out of control". in ukraine, america's top diplomat, anthony blinken, says that russian president vladimir putin must pay to rebuild what he has destroyed in ukraine. the us secretary of state was making a surprise visit to kyiv. he said washington has the power to seize russian assets in the us and will use them to help rebuild ukraine. take a listen. there's one more crucial step that we can take, making russia pay for ukraine's recovery and reconstruction. what putin destroyed, russia should and must pay to rebuild. it comes as ukraine's

this is the singapore that lawrence wong is inheriting as the country's new prime minister.er it is minute -- managing discontent or guiding singapore's continued evolution into a tech hub, long's job is to sustain the city states hard earned success. paul: that is our very own averill hong looking at singapore's formula for success for bloomberg originals. as deputy prepares to take power. . we will have special coverage of that historic leadership hand over this week. let's look at how we are tracking on markets at the moment. kind of a risk off day around the region. we do have a few bright spots. markets in hong kong in particular, they have recovered on that news that bloomberg first reported. but has since been confirmed that china's government is going to auction off one trillion yuan of ultra long special bond issuance that will include 20, 30 come in fifty-year securities. we did see something of a rally off the back of that news as well. we have big interviews coming up that we want to tell you about. we will be caring about the state of u.s.-china relations and ch

certainly, it tells us perhaps there are some risks facing their new leader there, lawrence wong, wholeader of the city-state earlier this week, the fourth one since singapore gained independence, haidi. haidi: yeah, the risks really playing out when it comes to this friday session, belle, a lot of risk aversion after a week of exuberance and reaction to that inflation print. we heard from a trio of fed speakers delivering the message of caution, saying perhaps mores needs to be done, at rates need to state where they are for longer. that is playing out in terms of the pullback in major markets from austria to japan to south korea. we are seeing losses of as much as 0.8%. for both of the japanese markets and here in australia, we are only seeing leadership in energy and some of the miners, commodities-related plays. . we have come off the short squeeze for copper, near record highs for broader communities from precious metals to industrial commodities. a lot of that will be at stake once we get industrial production and investment data out of china later today. kiwi stocks looking pre