The Business Times
Elysia Tan

Elysia Tan

JOURNALIST

Elysia Tan is a reporter with The Business Times. She covers macroeconomic and SME news and is a graduate of the Nanyang Technological University’s Wee Kim Wee School of Communication and Information.

emailelysiat@sph.com.sg
email@ElysiaTanBT
Anthony Tyler, area vice-president of operations at Mandarin Oriental, says the region can expect more resort and urban hotel openings.

Mandarin Oriental sees potential in South-east Asia to more than double its global footprint

This follows the opening of its first regional resort in Desaru Coast, where the group also plans to develop branded residences

CNY 2026

Retailers say neigh to price hikes in the Year of the Horse

Many are pulling the reins on increasing costs to remain competitive

The pro-business measures announced in this year's Budget will help firms diversify revenue sources and cope better with global uncertainties, while strengthening Singapore’s position as a regional business hub, note analysts.
SINGAPORE BUDGET 2026

Push to support firms’ overseas expansion, scaling up of startups welcomed

The initiatives will alleviate cost pressures that businesses face, say observers

The country is also committed to achieving 100 per cent cleaner energy vehicles and pursuing greening efforts in aviation and shipping.
SINGAPORE BUDGET 2026

Singapore raises solar deployment target to 3GWP by 2030

The government also looks to diversify its energy mix further and green transport

Attackers often exploit smaller or less-protected companies to gain access to larger systems, but many companies lack the resources or expertise to handle advanced cyberthreats, PM Wong notes.
SINGAPORE BUDGET 2026

Security-related spending expected to rise in coming years

In addition to physical attacks, the Republic is also vulnerable to cyberthreats

There will be no adjustments for the levy rate for higher-skilled Work Permit holders.
SINGAPORE BUDGET 2026

Levy for basic-skilled Work Permit holders to increase

Manufacturing and services sectors’ tiered levy structure will be simplified

Progressive Wage Credit Scheme co-funding support for 2026 will rise to 30 per cent, from 20 per cent.
SINGAPORE BUDGET 2026

Local qualifying salary to rise to S$1,800 for full-time employees this year

The Progressive Wage Credit Scheme and Workfare Skills Support schemes will also be enhanced

Each AI Mission will be anchored in clear objectives and tangible outcomes.
SINGAPORE BUDGET 2026

Singapore to establish National AI Council chaired by PM Wong, launch national AI missions

It will align its research and development, regulatory and investment promotion efforts in four areas

"When enterprises are ready to list, we want them to see Singapore as their listing venue of choice," says Finance Minister Lawrence Wong.
SINGAPORE BUDGET 2026

Budget 2026: Singapore to support startups with S$1 billion top-up for Startup SG Equity

Finance minister also announces second S$1.5 billion tranche of the Anchor Fund to attract high-quality listings

Generic photograph of people walking in front of Asia Square Tower 1 on June 5, 2024. Can be used for stories on PMET, money, population, property, land, commercial, office, invest, budget, income, bank, finance, financial, CBD, URA, population, economy, and development.
SINGAPORE BUDGET 2026

Companies to get 40% corporate income tax rebate in YA2026

Companies will receive between S$1,500 and S$30,000 of benefit

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