Economy

SBF warns of ‘AI divide’ as Budget 2026 boosts missions

Business group backs National AI Missions as Wong chairs new AI Council.

Manufacturing drives Singapore's 5% economic expansion in 2025

New MTI data confirms manufacturing was the undisputed engine of the economy in 2025, expanding nearly 9%.

Higher carbon tax won't hurt green transition but caution urged

2030 rate expected at lower end of $50 to $80 range.

Most firms eye AI agents but 38% still lack network readiness: Cisco

AI agent adoption was reinforced after Budget 2026's $1b research push.

Experts warn of security gap as Singapore accelerates AI missions

Factory and medical sensors face cyber risk as the National AI Council drives digital overhaul.

MAS expands equity market programme to $6.5b to attract top asset managers

$3.95b have so far been deployed across nine managers under the programme.

STI retreats below 5,000 despite $4b Budget 2026 market boost

Prime Minister Lawrence Wong allocated $1.5 b to the Anchor Fund and $1 b to startups for SGX listings.

How do the Big Four read Budget 2026’s AI drive?

They cite $1.5b fund boost and 400% AI tax break as Budget 2026 accelerates adoption.

Budget 2026: 250% corporate volunteer tax deduction extended to 2029

Singapore is also launching a $50m SG Partnerships Fund for community initiatives.

Budget 2026: Firms to get 400% tax deduction for AI spending

PM Wong revealed the government is expanding on the ‘Enterprise Innovation Scheme’.

Budget 2026: Budget surplus estimated at $8.5b for 2026

In 2025, the higher surplus is driven by more corporate tax collections.

Budget 2026: Tobacco excise duty raised by 20%

The higher tax is effective immediately.

Budget 2026: MNC tax rates to be raised to 15%

Singapore anticipates higher spending on healthcare and infrastructure.

Budget 2026: SG to launch national AI missions across four sectors

Key areas are advanced manufacturing, connectivity, finance, and healthcare.

Budget 2026: All households get $500 vouchers from January 2027

Half the vouchers go to supermarkets with the rest for heartland merchants and hawkers.

Budget 2026: PARF rebate cap halved to $30,000 on increasing EV adoption

The rebate is given out to cars deregistered before they turn 10 years old.