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Singapore GE2025: What Political Stability Means for Business

General Election Results Overview

Singapore’s General Election (GE) of 2025 delivered a decisive victory for the long-ruling People’s Action Party (PAP). Polling Day on May 3, 2025 saw a turnout of over 94% of registered voters – reflecting robust public engagement in the electoral process. The PAP won 87 out of 97 elected parliamentary seats, securing about 65.6% of the popular vote (up from 61.2% in 2020). The main opposition, the Workers’ Party (WP), retained its 10 seats (around 15.0% of votes) and remains the only opposition party in Parliament.

This was Prime Minister Lawrence Wong’s first election at the helm of the PAP, and he bucked the historical pattern where a leadership change often saw vote drops – instead achieving a higher mandate than his predecessor did in 2020.

Voter Sentiment and Shifts in the Political Landscape

The 2025 results underscore a clear message from voters. Amid uncertain times, Singaporeans opted for stability and continuity over calls for political change. Analysts note that voters “have spoken and they have voted for stability, for continuity, for certainty – and they voted to give Prime Minister Lawrence Wong a strong mandate”. Singapore entered the election facing economic headwinds – including a slowing global economy and resurgent trade tensions – and many citizens evidently decided it was not the time for experimentation with an untested government. As one observer explained, voters chose “political stability and economic safety over the opposition’s calls for greater checks and balances”.

Several shifts in the political landscape set this election apart. It was the first general election in two decades not led by Lee Hsien Loong – the prime minister of 2004–2024 – and the first under the leadership of Lawrence Wong, who became Singapore’s 4th Prime Minister in May 2024. The PAP’s successful transition of power to a new generation likely reassured many voters. Mr. Wong, a U.S.-educated economist, campaigned on a platform of renewal with continuity, promising to maintain the PAP’s proven governance while introducing a “new style of leadership”. His approachable demeanour and efforts to connect with younger Singaporeans appear to have paid off. Analysts observed that Wong’s more relatable, consultative style helped bolster the PAP’s appeal to a new generation. The ruling party also fielded many fresh faces (about one-third of PAP candidates were new) as part of its leadership renewal, signalling responsiveness to voters’ desire for gradual change within the establishment.

While many Singaporeans still value having some opposition in Parliament, a large majority ultimately placed greater priority on trusted leadership and effective governance during this period of uncertainty. The PAP’s strong track record in navigating past crises (from independence struggles to the COVID-19 pandemic) and its recent handling of challenges likely boosted confidence among the electorate. While Singapore’s political model differs from many liberal democracies, its emphasis on long-term planning and technocratic leadership has underpinned decades of economic success.

Singapore Post-Election Agenda: Policy Direction, Economic Strategies and Social Initiatives

Armed with a fresh mandate, the re-elected PAP government has outlined plans to lead Singapore forward through a challenging global environment. The government’s agenda will be driven by a mix of continuity in core policies and new initiatives aimed at renewing the social compact in line with the PAP’s election manifesto and the recent Forward Singapore roadmap.

Economic policy and resilience. A top priority is steering the trade-dependent economy through what Mr. Wong called a “turbulent world” of uncertainty. Singapore faces external risks like a potential global recession and ongoing trade conflicts – indeed, the government recently lowered its GDP growth forecast to near 0%–2% and warned of a possible recession. In response, the PAP leadership is doubling down on strategies to bolster economic resilience and sustain growth. This includes diversifying trade and investment linkages to reduce reliance on any single market and continuing to attract high-quality foreign investments. The government is expected to press on with industry transformation plans (in sectors like finance, high-tech manufacturing, and green energy) to create new jobs.

Crucially, the government is also investing in the Singaporean workforce to ensure citizens can seize new opportunities. As Lawrence Wong noted, Singapore’s economy today “is more diversified and there are more possibilities to pursue” for workers of all interests. To realise this, policies will focus on upskilling and job security. A notable new measure announced just before the election is a financial aid scheme for retrenched workers – a form of unemployment support. Under this plan, involuntarily unemployed Singaporeans will receive temporary financial assistance (up to S$6,000 over several months) while they search for jobs, provided they also upgrade their skills and make efforts to find work. Such a scheme marks a significant policy shift, introducing a safety net for jobseekers in a society that traditionally emphasised self-reliance. By cushioning workers against short-term shocks, the government aims to foster greater confidence and flexibility in the labor force. At the same time, officials have stressed that jobseekers “must do their part” – reflecting a balance between support and personal responsibility.

Internationally, the government has affirmed it will maintain Singapore’s active global engagement and stability-oriented foreign policy. The election outcome, giving a strong mandate to the PAP, means Singapore will continue on a predictable course in diplomacy. As the Prime Minister noted, the biggest contest we face isn’t between political parties — it’s Singapore vs the world. This indicating that his administration’s priority is to rally the nation to tackle external challenges together, rather than focus on internal political divides.

Our mission, as Singaporeans, is clear: to keep our nation a shining beacon of stability, progress, and hope — not just for the next five years, but for generations to come. – Prime Minister Lawrence Wong

 

Global Significance of GE2025: Stability in a Turbulent World

Internationally, Singapore’s election outcome has been met with relief and renewed confidence. In a world facing political upheaval and economic uncertainty, Singapore’s continuity of stable governance stands out. The PAP’s emphatic 2025 win assures global partners and investors that Singapore remains an anchor of stability in Southeast Asia, especially amid what observers call the “greatest global trade tensions in decades.” Many countries are mired in polarisation and leadership flux, but Singapore again demonstrates a political system that delivers consistent, predictable outcomes. The strong mandate for Prime Minister Wong is viewed abroad as a sign of continuity in Singapore’s strategic direction, even as a new generation takes charge. As Reuters noted, the result is seen as a “ringing public endorsement” of Mr. Wong’s leadership and his promise of policy continuity paired with fresh ideas.

Global leaders welcomed the result. The U.S. Secretary of State quickly congratulated the new government, reaffirming the “strong and enduring strategic partnership” and a shared commitment to growth and security. This underscores that Singapore’s elections, while domestic in nature, have implications for international confidence—a stable Singapore contributes to a secure and prosperous Indo-Pacific. Neighbouring countries and trade partners also value Singapore’s steady leadership, viewing it as a dependable hub for finance, trade, and diplomacy amid a shifting global order.

Singapore’s political stability also reinforces its economic strength. The decisive result removes short-term uncertainty and reassures investors of policy continuity—particularly in pro-business regulations, taxation, and openness to global talent. In volatile times, Singapore’s firm governance and fiscal prudence act as a safe haven. The strong mandate enables the government to proceed confidently with long-term investments—such as mega-port and airport expansions, and R&D initiatives—that enhance competitiveness and attract global capital. Stability breeds confidence, which in turn strengthens the economy, creating a virtuous cycle.

Diplomatically, Singapore’s standing may also be bolstered. Backed by a clear domestic mandate, PM Lawrence Wong can engage global counterparts assertively on issues such as trade liberalisation, climate change, and regional security. The blend of continuity and renewed leadership energy positions Singapore to remain influential on the world stage.

In sum, the PAP’s 2025 victory is significant well beyond Singapore’s shores. It signals that Singapore will continue to be a bedrock of reliability – economically, politically, and socially – in a region and world that are hungry for stability. As Prime Minister Wong put it, “The results will put Singapore in a better position to face this turbulent world. It’s a clear signal of trust, stability and confidence.” That message has landed clearly: unity and continuity at home, and reliability abroad.

Rockrose’s Continued Commitment to Singapore

The outcome of GE2025 not only reaffirms Singapore’s reputation for policy stability—it also strengthens Rockrose’s conviction in choosing this country as our base.

Singapore has always offered a compelling mix: business-friendly policies, robust infrastructure, and strong rule of law. As one of the world’s most respected financial regulators, the Monetary Authority of Singapore (MAS) ensures sound macroeconomic management and regulatory clarity—crucial elements for operating and scaling across Asia.

Beyond economics, Singapore’s high quality of life—including excellent healthcare, education, and public transport—makes it a magnet for talent. These factors are vital in building resilient, future-ready businesses.

Since Rockrose’s incorporation in late 2022, we have directly benefited from Singapore’s forward-looking approach to entrepreneurship. Tax incentives for startups have played a role in encouraging innovation and early-stage growth.

As Singapore doubles down on inclusive growth and digital transformation, Rockrose remains committed to working alongside founders, operators, and leaders shaping the future of technology in Asia. We believe Singapore is uniquely positioned to lead the next wave of innovation and sustainable growth—and we’re proud to build from here.

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