Singapore General Election in 2019 'always possible', Lee says

Singapore General Election in 2019 'always possible', Lee says

By: 
PC Lee
07/11/18, 02:25 pm

SINGAPORE (Nov 7): Singaporeans could go to the ballot boxes sooner than expected. A general election next year is "always possible".

Singapore Prime Minister Lee Hsien Loong told Bloomberg Editor-in-Chief John Micklethwait in an interview at the New Economy Forum in Singapore. Polls must be held by early 2021.

"There are many reasons to bring elections forward, or not, so we’ll see,” Lee said late Tuesday, when asked if celebrations to mark the 200th year of the city-state’s modern founding would be reason enough to advance it.

The ruling People’s Action Party secured almost 70% of the vote in the 2015 election, an improvement from 2011. To plan for the next generation, Lee has elevated younger leaders who must navigate the trade-dependent nation through challenges arising from an aging population, a maturing economy and growing global protectionism.

Lee told parliament in May a clear leader to succeed him will emerge before the country’s next general election. The premier, 66, has signalled he doesn’t want to stay in power beyond 70.

The New Economy Forum is being organised by Bloomberg Media Group, a division of Bloomberg LP, the parent company of Bloomberg News.

 

2019 GDP growth to ease to 'slightly above midpoint' of 1.3-3.5% forecast: MAS

SINGAPORE (Apr 26): MAS expects GDP growth to come in slightly above the mid-point of 1.3-3.5% forecast range in 2019, as growth momentum of the global economy has moderated at the turn of the year amid sluggish trade. This was according to the Guide to the Macroeconomic Review April 2019, released by the Monetary Authority of Singapore’s (MAS) Economic Policy Group on Friday morning. On the back of easing GDP growth, MAS has decided to maintain the current rate of appreciation of the SGD NEER policy band. This policy stance is consistent with a modest and gradual appreciation path of ....
Read More >>

CapitaLand Mall Trust kept at 'hold' by OCBC and Maybank on higher mall supply, soft retail sector

SINGAPORE (Apr 26): OCBC Investment Research says CapitaLand Mall Trust’s (CMT) 1Q19 results met its expectations. Gross revenue rose 10.0% y-o-y to $192.7 million while NPI jumped 11.5% to $140.1 million, forming 25.1% of its FY19 forecast. See: CapitaLand Mall Trust declares 3.6% higher DPU of 2.88 cents on higher income OCBC says Funan has already achieved high pre-commitment levels of 90%, and is on track to open in the middle of 2019 and will thus contribute to CMT’s earnings progressively from 2H19. However, the near-term outlook remains cautious given the higher supply, ....
Read More >>

Singapore's GLP plans US$3 billion IPO for its US warehouses

(Apr 26): Singapore-based GLP is planning an initial public offering (IPO) for its US operations that could raise about US$3 billion ($4.09 billion). GLP may seek to value the operations at more than US$20 billion, and the firm is said to have confidentially filed with securities regulators for the planned offering. Much of GLP’s US business stems from a 2014 deal to acquire IndCor Properties from Blackstone Group for US$8.1 billion. The offering could help GLP recoup funds after it was taken private by a management-backed consortium from the Singapore stock exchange last year. GLP ....
Read More >>