SINGAPORE BUDGET 2026

Work Permit levy hikes in 2028 could drive SMEs to automate, upskill workers: industry players

Among SMEs, these levy increases are likely to have a greater impact than other manpower-related changes unveiled in Budget 2026

Supplies of fuel oil and marine gasoil into Singapore are typically sourced from local refineries, onshore tanks, and floating storage or vessels off Malaysia.

Iran war upheaval jolts shipping fuel suppliers in Singapore

Some distributors are prioritising preferred customers, and either trimming or canceling other sales

The changes will apply to full-time and part-time food-service workers at quick-service food establishments, supermarkets, full-service food establishments, caterers and central kitchens.

Base salary under food services Progressive Wage Model to rise to S$2,220 from Jul 1

This baseline monthly gross wage requirement for workers in the sector will be raised again in 2027 and 2028

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T2 Tea's outlet at Suntec City is set to cease operations on Mar 25.

Australian tea brand T2 Tea shuts all outlets in Singapore

The retailer expanded into Asia in 2017 with the opening of its 313@Somerset outlet

SCCB’s survey asks 200 business owners and senior executives from major industry sectors in Singapore if they expect increases, decreases or no changes in six indicators.

Singapore business confidence slides for second straight quarter: SCCB

The Business Optimism Index falls to 4.1 percentage points for Q2

TradeTrust, an open-source framework developed by IMDA, allows electronic trade documents to be securely issued, verified and exchanged across systems, helping reduce delays in cross-border trade.
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Fewer delays, more secure transactions: How interoperable digital documents are speeding up cross-border trade

Using public blockchain and cryptographic standards, open-source TradeTrust allows electronic bills of lading to be securely issued, verified and transferred in a decentralised framework

From left: Singapore's Manpower Minister Tan See Leng and Japan's Minister of Economy, Trade and Industry Akazawa Ryosei have signed an agreement to boost collaboration on energy, sustainability and climate change.

Singapore’s energy is secure despite disruptions from Middle East conflict: Tan See Leng

While imported gas fuels 95% of the Republic’s power generation, half of it is piped and will not be affected

Petrol and diesel prices have climbed as the Strait of Hormuz’s closure disrupts fuel supply. Electricity rates are set to climb as well.

Costs running up for Singapore businesses as Gulf conflict jacks up energy prices

Already hit by rising fuel costs, anticipated electricity price hikes could worsen the blow

Itacho Sushi opened in Singapore in July 2009 as a subsidiary brand of Taste of Japan Group, which was founded in Hong Kong in 2004.

Japanese food chain Itacho Sushi shuts all outlets in Singapore

Its four remaining outlets are listed on Google Maps as permanently closed