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As a small independent island nation, less than 750 square kilometres in size and with a population of around 5 million, Singapore depends heavily on inflows and outflows of investments, trade in goods and services, food and energy. In a volatile global environment, geopolitics, structural issues and domestic scandals impacted variously on Singapore in the past year.
Externally, geopolitical tensions contributed to a less benign and less hospitable environment, marked by ongoing conflicts such as the Ukraine War,…