“A diverse set of voices in the parliament mitigates any potential of group think,” said Justin Tang, head of Asian research at United First Partners. “Open and tough discussions will foster even better policies that will ultimately flow down to firms including government-linked companies.”
(July 13): 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 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 will help the city-state’s companies, the commentators say.
