WP leaders respond to SM Lee’s comments on Income-Allianz deal
Senior Minister Lee Hsien Loong said at last night’s rally that if the WP had been in charge, the Income-Allianz deal would have gone through. He also pointed out that WP had also abstained from voting when it came to the legislation to block the deal.
In October 2024, the House passed a Bill that will allow the Government to halt Allianz’s planned offer to take a controlling stake in Income Insurance.
In response to SM Lee’s comments, WP chief Pritam Singh said at an interview this morning that SM Lee had sidestepped the issue he brought up in a rally speech on Saturday night about how no labour MP spoke up about the deal in August 2024.
“The Senior Minister characterised the issue as if we were in government or as if we were in charge, but we weren’t in charge.
“He laid out an interesting analogy and sidestepped the issue that I brought up in the rally... which (is that) no labour MP spoke up in August,” Mr Singh said.
SM Lee also noted that only one WP MP – compared with six PAP MPs – had raised questions about the deal in Parliament.
In response, Mr Singh said this puts into perspective the ratio of PAP MPs to WP MPs in Parliament.
Even if all 26 WP candidates are voted into Parliament at the May 3 polls, the Government will have enough leeway and focus to deal with the “issues of today and tomorrow”, he added.
At the media interview in Tampines Avenue 2 this morning, WP chairwoman Sylvia Lim backed Mr Singh’s reasoning and defended the WP’s reason for abstaining from the vote to pass the Bill.
“To suddenly change the law to affect a live transaction, business certainty-wise, is actually not good for Singapore,” said Ms Lim.
She added that to pass a law that would affect parties in a live transaction, the right thing to do would be to let it go to a parliamentary select committee to understand how the law might jeopardise or undermine affected parties.
Said Ms Lim: “We didn’t oppose the Bill, but we had to abstain, because we value Parliament as a check on government actions. We think that people have a right to talk to the parliamentary select committee.”
ST PHOTO: HESTER TAN