Singapore's ruling People's Action Party (PAP) has maintained an unbroken winning streak in general elections for over six decades since the nation gained independence, and the victories have rarely been close.
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In the 13 elections held since 1965, the party, now headed by Prime Minister Lawrence Wong, has secured no less than 89% of parliamentary seats. Despite this impressive record, the affluent island nation is abuzz with anticipation for the upcoming vote on May 3, which was announced yesterday. A key factor contributing to this excitement is that this election will be the first under Wong's leadership, following the tenure of Lee Hsien Loong, who governed for two decades.
Lee, the son of Singapore's founding father Lee Kuan Yew, extended his time in office beyond the last election in 2020, during which the ruling party experienced a leadership reshuffle due to his designated successor stepping down. For Wong, who is 52, achieving a strong electoral mandate would facilitate a seamless transition for the next generation of political leaders within his cabinet and provide him with a solid foundation to tackle an escalating global trade conflict that is already affecting the city-state. The uncertainties stemming from US President Donald Trump's trade policies may bolster Wong's argument to voters, emphasizing the need for political stability and the continuation of the party that has successfully transformed Singapore from a colonial trading post into Asia's wealthiest nation. Opposition parties are countering by claiming the government is employing fear tactics regarding tariffs.
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They argue for securing seats in parliament not just to check the PAP's power but also to ensure that diverse perspectives are represented. High living costs will be at the forefront as Wong proposes cash handouts and social welfare initiatives to alleviate economic pressures. These measures include substantial unemployment benefits, childcare subsidies, and support for healthcare and education—complemented by a renowned public housing scheme that has enabled 90% of Singaporeans to become homeowners. The PAP's historical dominance means that even minor gains by the opposition can significantly amplify their influence and affect policy-making. This could introduce an element of intrigue in next month's election. — Philip Heijmans Global Must Reads: Trump has initiated an investigation into potential tariffs on critical minerals, particularly rare-earth elements, where China currently leads in both mining and processing. These materials are essential for manufacturing jet engines, advanced computers, and optics and communication equipment. The US president has urged China to engage in dialogue to address the intensifying trade conflict between the two largest economies. A source indicates that Beijing is receptive to discussions, provided Washington approaches with greater respect. China's economy demonstrated unexpected resilience in early 2025, growing 5.4% in the first quarter due to consumer subsidies and a surge in export shipments aimed at avoiding tariffs. However, the deadlock with Trump over trade is overshadowing its outlook and fueling calls for economic stimulus. The head of the European Union Chamber of Commerce in China has stated that the country must revise its industrial policies to mitigate backlash and strengthen international relations. Recent reports reveal that the US has softened its demands regarding the repayment of aid to Ukraine during discussions about an economic agreement.
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