Asked about the ongoing Middle East conflict, Mr Gan said “nobody benefits" from it and reiterated why Singapore will not negotiate for passage in the Strait of Hormuz. SINGAPORE: Singapore is seeking the “best of both worlds” in AI governance, with regulations that are neither too tight nor so loose that industry players “run wild”, said Deputy Prime Minister Gan Kim Yong on Thursday (Apr 16). He was speaking at a fireside chat at the Semafor World Economy conference in Washington DC, during a