Economy & Policy

SICCI calls for foreign worker quota review for sectors with ‘chronic’ manpower crunch in Budget 2026 wish list

The Singapore Indian Chamber of Commerce and Industry makes six key recommendations in its proposal ahead of Budget 2026

As 2025 draws to a close, full-year forecasts for gross domestic product growth have narrowed and risen.

Economists raise Singapore’s 2026 growth forecast to 2.3%, upgrade 2025 forecast: MAS survey

Full-year growth for 2025 is now expected at 4.1%, with a boost from manufacturing

While SNEF acknowledges that foreign-manpower policies must “strike a careful balance”, it notes that it is getting tougher for employers to fill key roles amid tighter rules.

SNEF calls for more foreign-manpower flexibility, cost relief in Budget 2026 wish list

This comes as around three in four employers expect uncertainty next year, which could weigh on hiring and wage growth

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DPM Gan (left) and Chinese Vice-Premier Ding Xuexiang also had a bilateral meeting on Monday (Dec 15) morning.

Singapore, China continue to find common interests, create investment opportunities: DPM Gan

Three existing government-to-government projects facilitate this exploration

Singapore and China exchanged agreements for cooperation in various areas, including the development of the CCI.

Singapore, China exchange 27 agreements to boost cooperation, from financial connectivity to food trade

Deals are announced at bilateral meeting co-chaired by Singapore DPM Gan Kim Yong and Chinese Vice-Premier Ding Xuexiang

Schools say international students form the bulk of full-time MBA applicants, while Singaporeans make up a significant share of the part-time cohort.

Singapore MBAs draw stronger interest amid global visa tightening and career shifts

HR firms say such degrees are most valuable for those in senior leadership roles, even as more mid-career professionals explore them to future-proof their careers

Lee Hsien Yang’s objection letter did not challenge the site’s historic significance or national importance, nor the evaluation process for identifying potential national monuments, said a joint statement by MCCY and NHB.

Singapore government gazettes site at 38 Oxley Road as a national monument

Founding prime minister Lee Kuan Yew’s former residence is owned by his youngest son, Lee Hsien Yang, who has submitted a written objection

There were fewer incidents of retrenchments due to reasons such as downturn in the industry or concerns of high costs.

Retrenchments rise slightly in Q3 amid restructuring, but hiring remains firm

The layoffs are concentrated in growth sectors such as financial services, professional services and information and communications

Singapore's tourism receipts have already exceeded pre-pandemic levels, reaching S$29.8 billion in 2024 – 7.6% higher than in 2019.
OUTLOOK 2026

Singapore’s 2026 visitor arrivals may fall short of pre-Covid levels, but tourist spending should keep rising: observers

Growth in tourism receipts will be fuelled by Mice visitors, alongside rising demand for wellness, medical services and experiential offerings