Singapore, Jan. 24 -- Staying open to business and talent from around the globe is key for Singapore to prosper, and the Government will have to explain this to citizens while making sure they are taken care of, Prime Minister Lee Hsien Loong said yesterday.

It is not hard to make the argument that Singapore needs business, markets, investments and technology from abroad, he said in an interview to round up his participation at this year's annual meeting of the World Economic Forum (WEF).

"But we have to bring this down in terms which individual Singaporeans can relate to in terms of their lived experience - at work, in the community spaces, in the crowd they meet - and that they feel they are taken care of and in Singapore, this is a S...