Productivity and Innovation Credit

If AI lifts off, will living standards follow?

Nobel laureate economist Daron Acemoglu reckons that over the next few years AI might nudge annual growth rates up by about 0.1 percentage points.

This boss is happy in using AI to replace workers

Ñ EMBARGO: NO ELECTRONIC DISTRIBUTION, WEB POSTING OR STREET SALES BEFORE 3:01 A.M. ET ON SUNDAY, FEB. 2, 2025. NO EXCEPTIONS FOR ANY REASONS Ñ A still limage from an artificial intelligence-generated video of Sebastian Siemiatkowski, the chief executive of Klarna, announcing the companyÕs earnings last year. Over the past year, Klarna and Siemiatkowski have repeatedly talked up the amount of work they have automated using generative AI, which serves up text, images and videos that look like they were created by people. (Klarna via The New York Times) Ñ ADVISORY MUST REMAIN IN THE UPPER LEFT CORNER TO SIGNIFY THIS IMAGE WAS GENERATED BY ARTIFICIAL INTELLIGENCE Ñ IMAGE MUST NOT BE CROPPED Ñ NO SALES; FOR EDITORIAL USE ONLY WITH NYT STORY SLUGGED AI WORKER REPLACEMENT BY NOAM SCHEIBER FOR FEB. 2, 2025. ALL OTHER USE PROHIBITED. Ñ

The Straits Times says

Supporting innovation in Singapore

Man slapped with 46 months' jail term, $5.75m penalty for PIC fraud

Man who tried to defraud productivity scheme gets stiffest penalty of $5.75 million, 4 years' jail

Catalan protesters burn tyres, clash with police over separatist trial

Man jailed 40 months over PIC scam

Lawyer who tried to abuse PIC scheme struck off the rolls

Mr Kangatharan Ramoo Kandavellu had admitted that he made false declarations to the tax authorities in 2014.

Lawyer who abused PIC scheme struck off the rolls

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.