Any doubt about the People’s Party’s ability to continue dominated in Singapore’s policy after six decades of government were stopped with the election results on Saturday.
Laved by Lawren Wong in the first elections as the Prime Minister, the popes took 87 out of 97 places in parliament, holding the opposition 10, which he won during the breakthrough in 2020. The opposition sought to expand these previous income, but the mood changed when it became clear that the voters had been safety against the background of the threat of global economic upheaval.
The results are the approval of the Wong strategy for deepening social assistance to try to mitigate the cost of living costs. They also repeat the election results last week In Australia And Canada, where voters supported the current parties as US President Donald Trump’s policy Roy Global Trade.
The 52-year-old economist and his team warned that the invitation of a greater opposition to the government could create instability at the wrong time for Singapore’s dependent trading.
“Lawrence Wong will shine like a Cheshire cat,” said Eugene Tan, an associate professor at the University of Singapore. “He couldn’t ask for a better result. This would allow the Pope for the next decade.”
The Straits Times was a little changed on Monday, while the Singapore dollar opposed Greenbek.
Outside the parliamentary places, the Wong Party became much better with a popular vote, scoring about 66% of the ballots, almost 5 percentage points more than in 2020.
This standing gives Wong all the support he needs to fill the continuity of new political leaders in his office, without much fuss from the opposition. The result also signals the continuity of policy to foreign companies that helped make Singapore the global financial center.
“Transparent signal”
For the opposition, this was not all bad news. The workers’ supporters became interested in knowing that they were able to hang for 10 places they won in 2020, increasing their share in a popular vote by almost 15%. This strengthens the WP claim as the main voice of the opposition and possibly more powerful in the future.
However, the election on Saturday suggest an updating of a public trust in the political party, which is responsible for independence in 1965. Wong-fourth prime minister of the city, but only the second, not from the founder of Singapore Lee Yu-Sin Lee Lee, who has held the main work since 2004-2024.
In the first hours of Sunday, Wong pledged to double the efforts to combat the cost of life facing Singapores. He also resorted to the need to create more jobs and support for health care, retirement, education and families.
“This is a clear signal of trust, stability and confidence in your government,” he said early on Sunday. “We will do our best to serve you and improve your life.”
Although the victory has never raised doubts, Singapore’s victory may have a significant impact on public policy.
In 2020, PAP won 89% of places – the worst display of independence, partially related to young voters. The party has sought to attract them since then, reducing access to public housing and the abolition of long -standing law that prohibits sex between men. Half32 new candidatesThe popes sailed at this election at 40.
The transition to Wong noted the further shift in the Pope’s approach to a solution to some cost 3.6 million Singaporets. These included unemployment benefits and billions of more in the following budgets to help pay everything from nutrition to utilities and education support.
Trading war
Now Wong can focus on the confrontation between the economic wind, which threatens to strengthen the trade economy of the city-state. Last month, the government revised its economic growth forecast in 2025 to 0-2%of the previous 1%-3%, and the Prime Minister warned that the recession could not be ruled out.
A high result also gives relief for companies that most likely faced higher taxes and restrictions on foreign workers’ reception when the opposition has exceeded.
“For businesses, this means great clarity and continuity in economic policy, including support for digital transformation, sustainability and labor policies,” said Nydia Ngiow, head Director of Consultancy Bowergroupasia.
The companies “will find a more predictable normative environment in the near future, which will help in planning investment and prompt stability against the background of geopolitical tensions,” she said.
At the same time, the Wong government will join any trade talks with the US more confidently and key ministers elected. Wong sought to convince voters in the campaign trail that Singapore would be in a stronger position to do so when re -elected.
The biggest back department for PAP “The world uncertainty, conditioned by the trade war, unleashed by President Trump, was strengthened,” said Pushn Datt, Professor of Economics and Political Science in ISSAD in Singapore. “Voters were never going to gamble in the form of protest voting.”
For the opposition, the result means that efforts to bring more balance and discussions to parliament will have to wait. As they went out on Saturday night, opposition candidates were despised.
“We are shocked by the results,” said Leon Moon Vai, opposition candidate from Progress Singapore. “We may need to review our strategy and regroup to fight another day.”
However, there was a consolation in the ability of the Labor Party to keep their position in parliament.
“Unlike other parties, the Labor Party was successful this time and now acted as the only real opposition force in Singapore,” Polling Firm BlackBox Research reports.
Originally this story was presented on Fortune.com
https://fortune.com/img-assets/wp-content/uploads/2025/05/GettyImages-2212612228-e1746414781479.jpg?resize=1200,600
2025-05-05 03:18:00
Philip J. Heijmans, Bloomberg
