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14 September 2015 By Andy Mukherjee

Voters gave a thumbs-up to Prime Minister Lee Hsien Loong’s new, slightly left-of-centre policies, but rejected the opposition’s more populist agenda. Business is hurting, and the ageing city-state can’t afford fiscal excesses. It’s time to shift the focus to fading growth.

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Singapore’s ruling People Action Party won 83 out of 89 parliamentary seats in the Sept. 11 general elections. The party increased its share of the vote by almost 10 percentage points to 69.9 percent, compared with 60.1 percent in the 2011 polls.

Workers’ Party, the leading opposition party, won six seats, one less than in the last parliament. The party had called for a minimum wage of S$1,000 ($707) a month, which it said would be gradually raised to S$1,250. In its manifesto, the Workers’ Party had also promised to keep foreign worker numbers constant at between 1.5 million and 1.6 million if Singapore’s resident workforce grows by 1 percent.

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