The result could potentially disrupt Prime Minister Lee Hsien Loong’s succession plan. It may also spur the government to adopt more reactive policies as it did in the wake of the 2011 election, when the opposition tripled its seats to six.These election results would have the largest effect on Singapore-focused companies in my portfolio such as HRNet and Singapore O&G. The main opposition party, Worker’s Party has been pushing for pro-worker and pro-family policies. The Worker’s Party manifesto proposes policies such as unemployment insurance, a SGD1300 minimum wage, 24 weeks of shared parental leave,greater childcare subsidies and enhanced fertility support...
This week’s news includes Singapore’s election results, TripAdvisor’s bond issuance and increased competition for iFAST.
Singapore elections, HRNet and Singapore O&G: Singapore’s ruling party, the People Action Party (PAP) returned to power (83 out of 93 seats) but had one of the lowest share of the popular vote (61%) in its history. From Bloomberg: