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In these "dark times" of geopolitical tensions and economic insecurity, the 4G team will work to protect Singapore workers, Deputy Prime Minister Lawrence Wong said in his May Day speech.
"The 4G team and I are fully committed to look after our workers, to protect your interests, and help you earn a better living and live a better life," he promised.
Troubled times ahead
The world has become "increasingly dangerous and troubled," as of recent years.
He cited examples such as war in Europe, and US-China tensions, which could in turn create a risk of conflict in the Asia Pacific.
Furthermore, in such an environment, countries are turning increasingly protectionist and directing their investments either inward or towards friendly, geopolitically-aligned countries.
Each of these developments will make it more difficult for Singapore and Singaporeans to compete on a global economic stage, Wong said.
"So let me tell you plainly: we cannot afford to outbid the big boys, just to get the MNCs to invest here.
"We won’t have enough money to match the competition," Wong explained.
4G team will work to protect Singapore
But the government will work to prevail against the odds and make Singapore even better, Wong said.
For instance, it will continue investing in areas of national strength, such as connectivity infrastructure and R&D and innovation.
Such measures will boost Singapore's attractiveness globally, creating more jobs and opportunities for Singaporeans, he explained.
"And if we continue to focus on our strengths and capabilities, and find ways to provide value to the world, we can continue to earn a good living, and prosper and thrive together."
In addition, the 4G team is committed to protecting the interests of Singapore workers, Wong said.
The team will also work closely with the NTUC and Labour Movement to secure sustained growth and good jobs for all Singaporeans.
"Come what may, we will always be there with you, for you. And we will always have your back," Wong said.
He also said, to applause:
"That's why despite the dark clouds around us, I say: never fear, and never lose heart. Singapore may be small. But this little red dot is shining brighter than ever."
Photo via NTUC Singapore/Facebook and Lawrence Wong/Facebook