Day Trading Reports
  • Business
  • World News
  • Politics
  • Investing
  • Business
  • World News
  • Politics
  • Investing

Day Trading Reports

World News

Singapore votes in test of ruling party’s monopoly

by admin May 3, 2025
May 3, 2025
Singapore votes in test of ruling party’s monopoly

Singapore is holding an election on Saturday almost certain to perpetuate the unbroken rule of the People’s Action Party, in a test of public approval for its new prime minister as the city-state braces for economic turbulence from a global trade war.

The election is a bellwether for the popularity of the PAP, which has ruled since before Singapore’s 1965 independence, with attention on whether the opposition can challenge the ruling party’s tight grip on power and make further inroads after small but unprecedented gains in the last contest.

Though the PAP has consistently won in landslides with about 90% of seats, its share of the popular vote is closely watched as a measure of the strength of its mandate, with premier Lawrence Wong keen to improve on the PAP’s 60.1% in the 2020 election – one of its worst performances on record.

Wong, 52, became the Asian financial hub’s fourth prime minister last year, promising continuity, new blood and to lead Singapore his own way.

He took over at the end of the two-decade premiership of Lee Hsien Loong, the son of former leader Lee Kuan Yew, the founder of modern Singapore.

Polls opened at 8 a.m. and will close at 8 p.m. (8 a.m. ET), with a result expected in the early hours of Sunday.

Living costs and housing availability in one of the world’s most expensive cities are key issues for the 2.76 million voters and a continued challenge for Wong, whose government has warned of recession if the trade-dependent economy becomes collateral damage in the war over steep U.S. tariffs.

Lopsided contest

The PAP has long had the upper hand in politics, with a big membership to draw from, influence in state institutions and far greater resources than its untested opponents, which are each running in only a small number of constituencies.

The election will be a lopsided affair, with 46% of all candidates representing the PAP, which is contesting all 97 seats compared to 26 for its biggest rival, the Workers’ Party, which won 10 last time, the most by an opposition party.

But though a PAP defeat is extremely unlikely, some analysts say the election could alter the dynamic of Singapore politics in the years ahead if the opposition can make more headway, with younger voters keen to see alternative voices, greater scrutiny and more robust debate.

“It is to be expected that (its) overall electoral support will gradually, gradually dip from general election to general election,” said National University of Singapore political scientist Lam Peng Er.

“Would Singaporeans be that surprised if the PAP’s electoral support were to dip to 57% or 58%? It will surprise nobody. I don’t think it will even surprise the PAP at all.”

The PAP for its part is keen to avoid upsets and warned voters of the consequences of seat losses for key cabinet members, whom Wong said were critical to balancing ties between the United States and China and navigating Singapore’s highly exposed economy through potentially choppy waters.

“I have backups … sure. But everyone knows that the team cannot function at the same level,” Wong told the 1.4 million-strong labor union on Thursday.

This post appeared first on cnn.com

previous post
These kibbutzniks used to believe in peace with Palestinians. Their views now echo Israel’s rightward shift
next post
Cardinals at a crossroads: While some want to continue Francis’ reforms, others want a different kind of pope

Related Posts

Trump and Zelensky’s fiery exchange underlines US pivot...

March 3, 2025

‘Enough war’: Why Gazans are protesting Hamas now

March 27, 2025

Top UN court dismisses Sudan’s genocide case against...

May 6, 2025

‘Dad, help me… we were targeted by the...

April 8, 2025

Chaotic scenes at Gaza hostage release bring condemnation...

January 31, 2025

Five takeaways from Australia’s general election after Anthony...

May 4, 2025

Vatican to deactivate mobile phone signal ahead of...

May 6, 2025

Female magician who was kicked out of a...

April 26, 2025

At least 16 dead, including 6 children, in...

April 5, 2025

Kenya police say lawmaker’s killing ‘targeted and premeditated’

May 1, 2025

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Editors’ Picks

    • 1

      Forum Energy Metals and Global Uranium Announce Exploration Update on Drill Targeting, Northwest Athabasca Project, Saskatchewan

      January 31, 2025
    • 2

      Mega M&A: Rio Tinto-Glencore Merger Sparks Chatter

      January 28, 2025
    • 3

      Excellent 90% recoveries at Cork Tree Well & Board Update

      February 17, 2025
    • 4

      Financial Agreement signed releasing $2M grant

      January 23, 2025
    • 5

      Netflix shares soar as company reports surging revenue, tops 300 million subscribers

      January 23, 2025
    • 6

      Cyclopharm Signs US Agreement with HCA Healthcare for Technegas®

      January 23, 2025
    • 7

      FDA officially authorizes Zyn nicotine pouches for sale following health review

      January 23, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: daytradingreports.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 daytradingreports.com | All Rights Reserved