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Home South-eastern Asia Singapore

SM Lee: “Last year was okay – but our problems have not gone away”

by Asia Today Team
January 17, 2026
in Singapore
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Singapore – We’re advised that we’re in a superb place in a troubled world. Simply go searching us, there’s a battle between Thailand and Cambodia. Political and social unrest in Bangladesh and nearer to dwelling, our corporations are affected by the US new tax regime. In a superb place is usually certified to imply that issues might be lots worse for us. And this typically will get a Singaporean all riled up as a result of they count on higher. It’s a dichotomy of life in Singapore.

This isn’t a contradiction distinctive to Singapore alone, however for some motive, it’s felt extra sharply right here. We’re protected, steady and rising, sooner than most, but many Singaporeans really feel anxious, squeezed and unsure. Development is seen in charts and headlines, however insecurity exhibits up in conversations about jobs, retirement and relevance. That hole between nationwide success and private nervousness is the place the unease lies.

So, when SM Lee Hsien Loong introduced that the federal government will proceed to assist Singaporeans on this 12 months’s price range, some on-line commentators have been fast to remark that they hope to see greater than the traditional Skillsfuture credit. One other commented that, “improve ourselves. However many of the course doesn’t related to the job and wage supplied.”

One Nickle Foo mentioned, “Improve and proceed to work. I do agree if you find yourself between 30-55 years previous particularly AI applied sciences are coming in quick and livid. But when one is 60-70 years previous. improve? Work until they fall. They want the work life stability; retirement is a should for the pioneers however right here is nearly 80% unimaginable as a result of residing bills in Singapore.”

These feedback aren’t a rejection of self-improvement. They’re an expression of fatigue. After years of being advised to “improve”, many Singaporeans are quietly asking a tougher query: improve to what, and for the way lengthy? When job safety is unsure and wages don’t maintain tempo with residing prices, coaching credit start to really feel like a holding sample fairly than an answer.

Hiring Freeze

In an earlier report by The Impartial, we wrote about how extra employers have been planning on a hiring freeze in 2026. So, though issues are wanting good with Singapore’s headline development, dig a little bit deeper, a not so fairly image emerges. We face a HR winter – jobs are disrupted by AI and by commerce disruptions with the US.

The hiring freeze just isn’t a sudden cease, however a gradual tightening. Employers are deferring replacements, stretching groups thinner, and turning everlasting roles into contract or project-based work. For youthful staff, this implies fewer entry factors. For mid-career professionals, it means fewer second possibilities. And for older staff, it reinforces the worry that point and never efficiency is the actual disqualifier.

The ache is actual and I’m certain what is required now just isn’t mere platitudes. In my earlier article printed on New 12 months’s Day, I argued that regardless of our spectacular 4.8% development final 12 months, it didn’t really feel like a win. Our development doesn’t really feel like an inclusive development and it  maybe solely advantages a couple of privileged ones.

Singapore could certainly be in a superb place. However being in a superb place mustn’t require its folks to really feel perpetually on edge simply to remain there.

 





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