Tan Nai Lun

Tan Nai Lun

CORRESPONDENT

Tan Nai Lun is a correspondent with BT, covering the banking and finance sectors. Nai Lun graduated from Nanyang Technological University with a double major in communications and business.

Singapore has a headstart over Hong Kong and the UAE when it comes to building an ecosystem to attract family offices, said 
Raymond Ang, global head of private bank and affluent clients, and head of wealth and retail banking, Greater China and North Asia, Standard Chartered Bank.

More family offices turning to Hong Kong or Middle East for extra bases

Affluent clients bring lender close to US$52 billion in net new money in 2025

South-east Asia’s young population and rising disposable income make the region a prime market for Chinese beauty brands looking to expand overseas.
BRUNCH

Aiming for the right blend: C-beauty’s challenge to K-beauty can’t be brushed off

Lower prices, rapid launches and a strong social media game support growth of Chinese cosmetic and skincare brands in S-E Asia

Industry observers said the move reflects the clear, immediate applications of AI in text-heavy work.
BUDGET 2026

Budget 2026: Why Singapore’s white-collar AI training drive is starting with law and accounting

Stronger AI literacy could help ease manpower pressures in accounting and attrition in the law, while shifting professionals towards higher-value roles

The move comes as electric vehicles become more common, and the need to encourage the early de-registration of conventional petrol cars through the Parf rebate is reduced.
SINGAPORE BUDGET 2026

Parf rebate for cars lowered by 45pp; tobacco excise duty up 20%

Change in Parf rebate will apply to all cars registered with COEs obtained from the next bidding exercise in February

Generic image of the Singapore skyline
SINGAPORE BUDGET 2026

Singapore extends Energy Efficiency Grant; green loans under Enterprise Financing Scheme

This is to help firms invest in energy-efficient and sustainable solutions, says Finance Minister Lawrence Wong

Singapore already has the highest carbon tax rate in the whole of Asia.
SINGAPORE BUDGET 2026

Carbon tax could be at ‘lower end’ of S$50 to S$80 range if climate momentum weakens

Singapore will have to do its part to reduce emissions as a global citizen, yet not put itself at a competitive disadvantage,...

Singapore will also top up the Long-Term Care Support Fund by S$400 million to fund additional subsidies.
SINGAPORE BUDGET 2026

Up to S$1,500 CPF top-up for seniors, higher contribution rates for older workers

To mitigate rise in business costs from increased rates, government will provide employers with a one-year CPF transition offset

Pixgeneric / Skyline of the Central Business District (CBD) as seen from LAVO Italian Restaurant And Rooftop Bar at level 57 of Marina Bay Sands Tower 1 on Feb 2, 2026. Can be used for stories on money, population, property, land, commercial, office, invest, budget, income, finance, financial, CBD, URA, population, economy and development. 
SINGAPORE BUDGET 2026

Singapore extends Senior Employment Credit to end-2027

Mid-career training allowance expands to part-time training as well

Singapore will also build a larger AI park at One-North to catalyse ideas, forge collaborations, and translate AI initiatives into practical solutions.
SINGAPORE BUDGET 2026

Tailored programmes, tax deductions to support AI use in businesses

The Champions of AI programme will include enterprise transformation and workforce training

As part of the Equity Market Development Programme (EQDP), the Monetary Authority of Singapore (MAS) has allocated close to S$4 billion to nine asset managers so far.
SINGAPORE BUDGET 2026

S$1.5 billion top-up to expand EQDP; EDB to attract high-growth companies

This will ‘create more opportunities for Singaporeans to secure good jobs and grow their careers’, says PM Wong