Singapore economy

Singapore factory output up 17.6% in April on AI-related electronics surge, beating forecasts

All clusters, except chemicals and biomedical manufacturing, record growth

Electronic shipments expanded by 57.8% in Q1, up from the 23.4% increase the previous quarter.

Singapore upgrades 2026 key exports growth forecast to 3-5% as electronics shipments power Q1 expansion

First quarter sees gains of 9.6%, following a 12.7% increase in the three months prior

Downside risks for Singapore have risen significantly, says MTI, as energy and key input supply disruptions due to the Strait of Hormuz blockade lead to cost spikes, driving up inflationary pressures.

Singapore maintains 2026 growth forecast at 2-4% despite rising downside risks from Iran war

MTI revises Q1 GDP growth upward to 6%; UOB, Maybank raise their full-year forecasts

The closure of the Strait of Hormuz has disrupted supply chains of various derived materials.

Central banks need ‘heightened vigilance’ over risks amid Middle East conflict: MAS chief economist

Risks are greater for small open economies, with energy prices affecting costs and wages more quickly, he says

Asean can think about developing AI systems jointly, said DPM Gan Kim Yong (left) at a dialogue session with DBS CEO Tan Su Shan.

Singapore welcomes competition for AI leadership; not a zero-sum game: Gan Kim Yong

Competition will further capability, create opportunities for cross-border partnerships

The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.
NEWS ANALYSIS

Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

By keeping high-value functions here and moving production out, local manufacturers are doing just what the Economic Strategy Review proposes

For Singapore, AI sovereignty ensures that dependence on others cannot be turned against us.

Securing the sovereign foundations of Singapore’s AI economy

The Economic Strategy Review charts the path for businesses and workers, but national leadership must secure the structural inputs

Beyond policies that make business exits easier, Singapore needs a mindset change that makes them more acceptable.
THINKING ALOUD

Economic Strategy Review makes a case not just for staying the course, but also knowing when to quit

Under certain proposals, companies need to know when to wind up, and some workers may need to accept lower pay