Economy
Monday Wrap: Firms brace for profit squeeze as banks rally
Monday Wrap: Firms brace for profit squeeze as banks rally
Profit pressure, stretched bank valuations and weak succession planning temper an otherwise strong economic outlook.
Stronger credit to drive financial sector after 6.2% Q2 growth
Robust lending and wealth management activity underpinned the sector’s gains.
Industrial leasing falls 4.6% despite factory growth
Occupier demand to remain concentrated in modern, well-connected and higher-quality properties.
AI boom lifts 2027 growth outlook to 4%
The MTI substantially raised its own 2026 growth forecast to a range of 4.5% to 5.5%.
AI workplace policy should drive job transformation, not displacement, MTI says
Lower prices due to reduced costs will allow firms to expand output, the study said.
GDP forecast raised to 4.5%-5.5% on global AI capex surge
Further acceleration in AI-related capital expenditure raises growth prospects.
NODX 2026 outlook lifted to 14%-16% on AI demand surge
Companies expect improved overseas deliveries and higher average selling prices in Q3.
NODX surges 27.4% in Q2 as electronics exports hit record growth
Non-oil re-exports rose 40.1% in Q2.
Over half of firms expect lower profits in 2026 as costs surge: SCCCI
Revenue growth expectations slip from 39% to 34.2%.
Success of local, global firms key to economy: Minister Siow
MOF ready to add resources as firms tap nearly $2b in yearly SME support.
Electronic boom sets off GDP growth upgrade
AI-related demand and chip supercycle is boosting the industry.
S’pore named preferred ASEAN equity market amidst $2b support package
The latest $900m tranche supports households and SMEs.
Hiring shifts toward domain expertise as AI reshapes roles
Entry-level positions accounted for just 16% of AI job opportunities on the Jobstreet platform in Q2.
S’pore must deepen ASEAN links as business costs rise: report
Cross-border power grid and logistics links seen as key to regional competitiveness.
Singapore-Brazil trade ties deepen as MERCOSUR pact enters force
The deal comes as both countries prepare to mark 60 years of diplomatic ties in 2027.
Services outlook rebounds for H2 2026
Accommodation and wholesale trade recorded the strongest business expectations.
Households to receive extra $300 in CDC vouchers in January 2027
The support comes under a second support package worth around $900m.
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