Lawrence Wong, a U.S.-trained economist, has been inaugurated as Singapore's fourth Prime Minister, succeeding Lee Hsien Loong.

Wong's ascent to Prime Minister marks a significant generational shift in the city-state's leadership, orchestrated by the People’s Action Party.

He has received international recognition and has begun discussions on bilateral and regional cooperation with neighboring countries.

Singapore aims to maintain its economic success and global position while addressing global challenges and ensuring inclusive progress.

Wong will continue serving as finance minister and is recognized as the first leader born after Singapore's independence.

Taiwan, despite no formal diplomatic ties with Singapore, congratulates Wong and hopes for continued close relations and cooperation.