Singapore economy

GP resource for pre-university students: A budget for a changed world

Describing AI as a strategic advantage for Singapore in his Budget 2026 speech, Prime Minister and Minister for Finance Lawrence Wong laid out how the country would invest in the field.

US removes ‘inaccurate statement’ on Singapore trade surplus; Govt to attend hearings on probes

The temporary global 10 per cent tariff rate imposed under Section 122 - announced after the court ruling - expires in July.

Singapore faces risk of slower growth, higher inflation as Middle East conflict drags on: DPM Gan

Deputy Prime Minister Gan Kim Yong said the ministry will continue to monitor economic developments closely and will update its gross domestic product forecast in May.

Singapore retail sales rebound in February on CNY boost, but outlook clouded by Iran war

Chinese New Year gave a year-on-year lift to retail sales in February, reversing January’s decline, though a month-on-month pullback could be flagging slowing growth.

The Gulf crisis is a warning. Singapore should heed its lessons

War comes to the prosperous Gulf states with missile strikes by Iran on targets such as Jebel Ali port (pictured) in the UAE.
War comes to the prosperous Gulf states with missile strikes by Iran on targets such as Jebel Ali port in the UAE (above).
A yacht sailing past a plume of smoke rising from the port of Jebel Ali following a reported Iranian strike in Dubai on March 1.

Singapore factory activity expands at a slower pace amid heightened US-Iran conflict

Generic pix of a worker in the clean room processing Wafer-level packaging (WLP) at the Singapore semiconductor firm, STATS ChipPAC office in Yishun on April 12, 2023. Can be used for stories about manufacturing, semiconductors, electronic industry, clean room, wafer fabrication.

Govt to bring forward Budget measures, provide targeted support to cushion Iran war’s impact: PM Wong

Prime Minister Lawrence Wong speaking in a video message released on April 2.

This narrow Strait of Hormuz is creating rising recessionary risks for Singapore

Regardless of how the Iran war plays out, Singapore’s overriding objective will be to build up its economic resilience.

BioNTech to wind up Singapore vaccine manufacturing plant by early 2027

In 2022, BioNTech cited Singapore’s excellent business climate and rich talent among reasons why it plans to make Singapore its regional headquarters in South-east Asia.

News analysis

MAS faces tough Singdollar policy decision in April amid risks of higher inflation, slower growth

ST20250721-202565000300-Lim Yaohui-Benjamin Lim-bnmas21/

Generic photograph of the lobby of Monetary Authority of Singapore (MAS) building at 10 Shenton Way on July 21, 2025.

The Monetary Authority of Singapore (MAS) is Singapore’s central bank and integrated financial regulator.

As central bank, MAS promotes sustainable, non-inflationary economic growth through the conduct of monetary policy and close macroeconomic surveillance and analysis. It manages Singapore’s exchange rate, official foreign reserves, and liquidity in the banking sector.

As an integrated financial supervisor, MAS fosters a sound financial services sector through its prudential oversight of all financial institutions in Singapore – banks, insurers, capital market intermediaries, financial advisors, and stock exchanges. It is also responsible for well-functioning financial markets, sound conduct, and investor education.

MAS also works with the financial industry to promote Singapore as a dynamic international financial centre. It facilitates the development of infrastructure, adoption of technology, and upgrading of skills in the financial industry.

(ST PHOTO: LIM YAOHUI)

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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.