logo
Elections Dept: Singapore's GE2025 campaign bill tops S$13m, up 42pc from 2020

Elections Dept: Singapore's GE2025 campaign bill tops S$13m, up 42pc from 2020

Malay Maila day ago

SINGAPORE, June 29 — Candidates contesting Singapore's 2025 General Election collectively spent more than S$13 million (RM43 million), with close to half of the expenditure going towards traditional, non-digital advertising such as banners and posters, according to final figures released by the country's Elections Department (ELD) on Friday.
Physical rallies, which returned this year after being suspended during the Covid-19 pandemic, accounted for about S$1.7 million — or 13 per cent — of total spending.
Online advertising made up around 16 per cent, while the remainder went towards logistical and operational costs such as office rentals, transport and supplies.
Overall spending surged by 42 per cent compared to the 2020 General Election, where candidates spent a total of S$9.2 million.
The ruling People's Action Party (PAP), which fielded candidates in all 97 seats, spent the most — S$9.4 million.
In contrast, the 10 Opposition parties and two Independent candidates collectively spent S$3.6 million.
Among the Opposition, the Workers' Party was the top spender, declaring S$1.6 million for its 26 candidates.
The Singapore Democratic Party followed with S$583,440 for 11 candidates, and the Progress Singapore Party spent S$441,548 for its slate of 13.
All parties remained within the legal spending cap of S$5 per voter, a limit that was raised from S$4 in 2020 to account for inflation.
A total of 211 candidates contested the May 3 election.
The complete set of expense declarations was made available for public inspection on the ELD website on June 27.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Amir Hamzah: RM11b deployed under GEAR-uP to power Malaysia's high-growth sectors, aims to boost living wages for 153,000 workers
Amir Hamzah: RM11b deployed under GEAR-uP to power Malaysia's high-growth sectors, aims to boost living wages for 153,000 workers

Malay Mail

time20 minutes ago

  • Malay Mail

Amir Hamzah: RM11b deployed under GEAR-uP to power Malaysia's high-growth sectors, aims to boost living wages for 153,000 workers

PUTRAJAYA, June 30 — A total of RM11 billion has been deployed under the Government-linked Enterprises Activation and Reform Programme (GEAR-uP) as of June 30, 2025, less than a year since the initiative spearheaded by the Ministry of Finance (MOF) was launched. In a special briefing on the GEAR-uP 2025 Progress Report, Finance Minister II Datuk Seri Amir Hamzah Azizan said the amount forms part of the RM22 billion in domestic direct investments identified, representing 88 per cent of the RM25 billion pledged by six major government-linked investment companies (GLICs). He said the funds are being channelled into high-growth, high-value sectors such as semiconductors, the energy transition, community upliftment, and talent development. 'The programme has also secured commitments from 34 GLICs and government-linked companies (GLCs) to provide at least a minimum monthly living wage of RM3,100 to 153,000 employees — delivering on its promise to raise the rakyat's quality of life and lead the national agenda for wage reform. 'Guided by the objectives and principles of the Ekonomi Madani framework, GEAR-uP aims to unlock RM120 billion over five years to drive socioeconomic reforms and jumpstart Malaysia's industrial transformation,' he added. The six GLICs anchoring the programme are Khazanah Nasional Bhd, the Employees Provident Fund (EPF), Permodalan Nasional Bhd (PNB), the Retirement Fund (Incorporated) (KWAP), Lembaga Tabung Angkatan Tentera (LTAT), and Lembaga Tabung Haji. Since its launch in August 2024, the six core GLICs have channelled over RM800 million into Malaysia's semiconductor ecosystem, kickstarted green industrial development across 3,000 acres (1,214 hectares) in Kerian and Carey Island, and backed more than 50 Malaysian companies and funds through venture capital and private equity. Amir Hamzah said the GLICs and their network of GLCs have also awarded RM200 million in scholarships, supported 8,000 B40 youths through job placement programmes, and rolled out community investments benefiting over 700,000 Malaysians nationwide. 'GEAR-uP is not just about capital deployment — it is about strategic alignment. We are unlocking RM120 billion to advance future industries while lifting incomes, building capabilities, and delivering on shared prosperity. This is how we translate economic reform into tangible results. 'This goes beyond strengthening economic fundamentals. GEAR-uP is about uplifting the rakyat's standard of living and nurturing regional champions in cutting-edge industries, so that Malaysia can rise to new heights,' he said. Looking ahead, Amir Hamzah said GEAR-uP will expand its scope to involve over 30 GLCs under participating GLICs. Through this expansion, it targets to achieve RM100 billion in market capitalisation, deliver 7.5 per cent shareholder returns, and champion non-financial outcomes — including the implementation of living wages, growing Bumiputera enterprises, and developing talent and future leaders. — Bernama

RTS Link Achieves 50 Pct Physical Progress -- Onn Hafiz
RTS Link Achieves 50 Pct Physical Progress -- Onn Hafiz

Barnama

time24 minutes ago

  • Barnama

RTS Link Achieves 50 Pct Physical Progress -- Onn Hafiz

"I am confident that all of this is a good start in elevating Johor as a major economic power in the region. "It also reflects the commitment of the state government together with the federal government and Singapore in building modern, efficient and safe infrastructure for the convenience of the people," he said in a Facebook post today. Onn Hafiz said the RTS Link, which connects Bukit Chagar, here to Woodlands North, Singapore in just five minutes, will solve the problem of border congestion as well as strengthen Malaysia-Singapore relations and stimulate the regional economy. He said the project, which is expected to be completed by the end of 2026, was designed with high efficiency and is capable of carrying 10,000 passengers per hour in each direction and a frequency of 3.6 minutes during peak hours, thus being able to accommodate up to 180,000 passengers per day.

Singapore clamps down on crypto exchanges after scandals, warns foreign-focused firms to shut or comply
Singapore clamps down on crypto exchanges after scandals, warns foreign-focused firms to shut or comply

Malay Mail

timean hour ago

  • Malay Mail

Singapore clamps down on crypto exchanges after scandals, warns foreign-focused firms to shut or comply

SINGAPORE, June 30 — Singapore ramped up crypto exchange regulations today in a bid to curb money laundering and boost market confidence after a series of high-profile scandals rattled the sector. The city-state's central bank last month said digital token service providers (DTSPs) that served only overseas clients must have a licence to continue operations past June 30 — or close up shop. The Monetary Authority of Singapore in a subsequent statement added that it has 'set the bar high for licensing and will generally not issue a licence' for such operations. Singapore, a major Asian financial hub, has taken a hit to its reputation after several high-profile recent cases dented trust in the emerging crypto sector. These included the collapse of cryptocurrency hedge fund Three Arrows Capital and Terraform Labs, which both filed for bankruptcy in 2022. 'The money laundering risks are higher in such business models and if their substantive regulated activity is outside of Singapore, the MAS is unable to effectively supervise such persons,' the central bank said, referring to firms serving solely foreign clients. Analysts welcomed the move to tighten controls on crypto exchanges. 'With the new DTSP regime, MAS is reinforcing that financial integrity is a red line,' Chengyi Ong, head of Asia Pacific policy at crypto data group Chainalysis, told AFP. 'The goal is to insulate Singapore from the reputational risk that a crypto business based in Singapore, operating without sufficient oversight, is knowingly or unknowingly involved in illicit activity.' Law firm Gibson, Dunn & Crutcher said in a comment on its website that the move will 'allow Singapore to be fully compliant' with the requirements of the Financial Action Task Force, the France-based global money laundering and terrorist financing watchdog. Three Arrows Capital filed for bankruptcy in 2022 when its fortunes suffered a sharp decline after a massive sell-off of assets it had bet on as prices nosedived in crypto markets. Its Singaporean co-founder Su Zhu was arrested at Changi Airport while trying to leave the country and jailed for four months. A court in the British Virgin Islands later ordered a US$1.14 billion worldwide asset freeze on the company's founders. Singapore-based Terraform Labs also saw its cryptocurrencies crash dramatically in 2022, forcing it to file for bankruptcy protection in the United States. The collapse of the firm's TerraUSD and Luna wiped out around US$40 billion in investments and caused wider losses in the global crypto market estimated at more than US$400 billion. South Korean Do Kwon, who co-founded Terraform in 2018, was arrested in 2023 in Montenegro and later extradited to the United States on fraud charges related to the crash. He had been on the run after fleeing Singapore and South Korea. — AFP

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store