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In 2027, the combined maximum incentives for EV cars will be lowered to S$20,000 from S$30,000 currently.

Changes to EV incentives, uncertainty over COE framework drive Category A premium to a new high in ‘re-run of 2025 mania’

Awareness that incentives will be reduced in 2027, strong demand are keeping premiums elevated for mainstream cars

Singamas is accused of colluding with China International Marine Containers, Shanghai Universal Logistics Equipment and CXIC Group Containers to fix prices of containers.

Daily Debrief: What Happened Today (Jul 8 )

Stories you might have missed

The price of Category B COEs, used to register larger, more powerful cars and electric vehicles, is up 6% at S$130,889.

Transport & Logistics

Cat A hits record S$129,000 as COE rises across the board

Commercial vehicle certificates are also at a high, rising 2.1% to S$95,000

Aljunied GRC MP Fadli Fawzi (left) and Non-Constituency MP Andre Low were brought into the top decision-making body at its first meeting on Jul 7.

WP announces appointments for its top leadership body, co-opts MPs Fadli Fawzi, Andre Low

This brings the party’s total number of central executive committee members to 16

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Singapore remains attractive to top research and entrepreneurial talent, says DPM Gan.

EDB Global Founder Programme raises over US$2 billion in VC funding

It has worked with almost 80 founders on more than 45 new ventures, with more than half in AI and deep tech

Founder and CEO Trixie Khong at By Invite Only’s newly opened flagship store in Raffles City.

Jewellery brand By Invite Only sets its sights beyond Singapore after 17 years at home

The company is slowing its revenue growth chase as it prepares to go regional

This comes after a Citi note on Tuesday (Jul 7) that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

Daily Debrief: What Happened Today (Jul 7)

Stories you might have missed

Two-thirds of the funding will go towards cross-cutting capabilities in autonomy and digital twins, while the remainder will be used to deepen capabilities in the air, sea and land transport sectors.

Singapore to pump S$800 million into transport and connectivity research and innovation over 5 years

The investment falls under RIE2030, and integrates earlier sector-based research

Pritam Singh was convicted in February 2025 on two counts of lying under oath to the Committee of Privileges.

Law Society’s disciplinary proceedings against Pritam Singh to be heard on Aug 13

The hearing list on the Singapore Courts website shows that the proceedings will be heard by the Court of Three Judges

Many startups rely on share-based remuneration to attract skilled employees, and a tax framework review would “ensure Singapore remains a competitive location for talent”, says the ESR committee.

Economy & Policy

ESR review of startup share scheme taxes should address employee liquidity challenge: observers

Staff are often taxed before they can realise the value of their equity, weakening such ownership plans

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