Any doubts about the ability of the Human Action Party to continue dominating Singapore's policy after six decades of rules rested on Saturday's election result.
Under the leadership of Lawrence Wong, in his first elections as Prime Minister, Pap took 87 places in Parliament, holding opposition to ten, which he won during the 2020 votes. The opposition had tried to extend these earlier profits, but the mood changed as it turned out early on that voters had invaded safety in the midst of global economic instability.
The results are confirming the Wong strategy to deepen social assistance to alleviate the increasing life costs. They also reflect the results of last week's election In Australia And Canada, where voters supported the dominant parties in Global Trade as the policy of US President Donald Trump.
A 52-year-old economist and his team have warned that calling for greater opposition to the government can only cause instability for Singapore dependent on trade at the wrong time.
“Lawrence Wong shines like a Cheshire cat,” said Eugene Tan, Associate Professor of Law at Singapore. “He couldn't have asked for a better result. It will let the cardboard run in the next decade.”
The Straits Times index had changed little on Monday, while the Singapore dollar was higher against Greenback.
In addition to parliamentary sites, the Wong Party's referendum was significantly better, collecting about 66% of the ballot papers, nearly 5 percentage points more than 2020.
This condition gives Wong all the support that he has to complete his office with new political leaders without much effort from the opposition. The result also gives political continuity with foreign companies that have helped to turn Singapore into a global financial center.
'Clear signal'
It was not all bad news for the opposition. Supporters of the employees' party comforted a certain, knowing that they were able to hang on 10 places in 2020, while increasing their share of a referendum to almost 15%. It strengthens the WP's claim as the main voice of the opposition and may be stronger in the future.
However, Saturday elections recommend the renewal of public trust in the party responsible for independence in 1965. Wong is the fourth prime minister of the city and the second non-Singapore founder, Lee Kuan Yew, a son of Lee Hsien Long, who worked at Top 2004-2024.
During Sunday's early hours, Wong promised to double the efforts with the pressure of the living costs in front of Singapore. He also dealt with the need to create more jobs and strengthen health, retirement, education and families.
“This is a clear signal of trust, stability and self -confidence against your government,” he said early Sunday morning. “We will do our best to serve you and improve your life.”
Although the victory was never suspected, the Singapore victory margin could significantly influence public policy.
In 2020, PAP won 89% of the places – the worst show after independence, partly due to the rebound of younger voters. The party tried to lure them back because, among other things, facilitating access to public housing and revoking the long -term law that prohibits sex between men. Side32 new candidatesPap floating in these elections was less than 40.
The transition to Wong marked an additional shift in PAP approach to some of the rising costs 3.6 million Singapore. This included first -time unemployment benefits and billions of dollars in successive budgets that help pay everything from meals to utilities and education support.
Trade war
Now Wong can focus on the economic headwind, which threatens to raise the trade management of the city. Last month, the government changed its economic growth forecast of 2025 compared to 0-2%compared to the previous 1%-3%and the Prime Minister has warned that the recession cannot be excluded.
A strong result will also provide companies with relief, which is more likely to face higher taxes and restrictions on hiring migrant workers if the opposition had progressed.
“For companies, this means greater clarity and continuity in economic policy, including support for digital transformation, sustainability objectives and labor policy,” said Nydia Ngia Ngiow, Managing Director of Bowergroupa.
Companies will find a more predicted regulatory environment in the near future, which would help with investment planning and operational stability in the context of geopolitical tensions, “he said.
At the same time, the Wong government is going more confidently with every US trade negotiations, and the prime ministers were re -elected. Wong had tried to persuade voters on the campaign trail to make Singapore in a stronger position to re -select it.
PAP's biggest backwind was “increased global uncertainty driven by President Trump's fired trade war,” said Pushan Dutt, Professor of Economic and Political Science in Singapore. “Voters never intended to play in the form of protest voting.”
For the opposition, the result means that you have to wait for a larger balance and discussion for Parliament. When Takies arrived on Saturday evening, the opposition candidates were desperate.
“We are shocked by the results,” said Singapore Progress Party opposition candidate Leong Mun Wai. “We may need to review our strategy and group up to fight the other day.”
However, they had a certain consolation of the employee party's ability to keep their parliament.
“Unlike other parties, this time the employee party was successful in staying competitive and he is now the only true opposition power in Singapore,” says Blackbox Research.
This story was originally reflected on Fortune.com
