06 May '11, 7am

GE: Wealth gap weighing on PAP before elections

SINGAPORE : Singapore's wealth gap is weighing on the ruling People's Action Party ahead of Polling Day on Saturday, according to a Bloomberg report. It said the party's five decades in Parliament saw a 41-fold jump in gross domestic product. But it added that the past success might not sell as well to younger voters in Saturday's election. Singapore's success has reportedly fuelled wider income inequality, with the world's highest share of dollar-millionaire households contributing to pressure on property and consumer prices. Opposition parties have called for more limits on the influx of foreign workers that make up the majority of construction and shipyard employees, and urged further steps to contain home prices. Looking ahead, Eugene Tan, an assistant professor at the Singapore Management University said that a relatively poor showing at the General Election would see...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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