Another mandate for Singapore’s ruling party – along with the opposition winning its most seats ever – will boost the city state’s equities, according to analysts.Prime Minister Lee Hsien Loong’s People’s Action Party (PAP) retained a firm grip on power but suffered its weakest performance in 55 years in office in an election on Friday as the opposition Workers’ Party won a record 10 seats and secured two group constituencies. A more diverse parliament could lead to better policy reforms that…
from South China Morning Post https://www.scmp.com/news/asia/southeast-asia/article/3092891/singapore-stocks-surge-after-pap-re-elected-more-diverse
Monday, July 13, 2020
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