The Business Times
Tessa Oh

Tessa Oh

CORRESPONDENT

Tessa Oh is a correspondent at The Business Times. She covers Singapore macroeconomics and government policy, with a focus on manufacturing, manpower, and the legal sector. Tessa was previously a journalist at TODAY, covering healthcare.

emailtessaoh@sph.com.sg
email@TessaOhBT
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

In his annual Chinese New Year message, Prime Minister Lawrence Wong drew on the symbolism of the Fire Horse – associated with change and movement in the Chinese zodiac – to frame the challenges ahead.

Singapore must face global shifts with adaptability, resilience: PM Wong in Chinese New Year message

With Budget 2026 providing more assurance and support, he calls on Singaporeans to turn challenges into opportunities

“We must aim higher, move faster and be prepared to take calculated risks," said Prime Minister and Finance Minister Lawrence Wong in his first Budget speech since the General Election.
SINGAPORE BUDGET 2026

AI adoption, business growth drive Singapore’s ambition to ‘aim higher, move faster, take calculated risks’

In the largest Budget to date, Finance Minister Lawrence Wong warns growth will be harder to achieve

Prime Minister and Finance Minister Lawrence Wong arriving to deliver his Budget Statement at the Parliament House on Feb 12, 2026. ST PHOTO: KEVIN LIM pixbudget12
SINGAPORE BUDGET 2026

Budget 2026 highlights: AI ‘champions’, foreign worker policy tweaks, more CDC vouchers

Startup funding gets boost, while CPF members will have a new investment option in PM Wong’s first Budget since the General Election

Among other things, Prime Minister Lawrence Wong is expected to respond to the Economic Strategy Review’s recommendations announced in January.
SINGAPORE BUDGET 2026

Six things to watch in Budget 2026: AI push, smaller CDC payouts, more upskilling

Clarity on carbon tax rates, support for businesses to internationalise and potential manpower adjustments could feature in PM Wong’s Budget statement

Office workers crossing Cross Street near Lau Pa Sat in the CBD area on April 7, 2025. Asian markets extended a global stock rout on April 7 and Wall Street futures sank as US President Donald Trump refused to roll back global tariffs that could push the world into a recession. Singapore’s Straits Times Index (STI) plunged 8.57 per cent, or 328.20 points, to 3,497.66 when trading opened. The drop marked the the blue-chip index’s largest intraday loss since the 8.9 per cent plunge during the global financial crisis on Oct 24, 2008, and exceeded the 8.4 per cent fall seen during the Covid-19 sell-off on March 23, 2020. (ST PHOTO: LIM YAOHUI)
SINGAPORE BUDGET 2026

Budget 2026: Business chambers want more help for SMEs to internationalise, bigger automation grants

Industry groups say SMEs need sector-specific business matching in unfamiliar markets

Home equity – property value less outstanding mortgages – forms over half of average household wealth across all income quintiles.

Top 20% of Singapore households hold average wealth of S$5.3 million: MOF

The first set of official wealth data shows that property and CPF savings form the bulk of assets across all wealth groups

Household coverage will now include non-employed households – referring to those with no employed person – alongside employed households – referrign to those with at least one employed person.

Singapore median household market income up 6.8% in real terms

2025 figure is first time SingStat applies expanded coverage capturing ‘market’, or non-employment sources of income like CPF payouts

EDB chairman Png Cheong Boon (left) and managing director Jermaine Loy (right) give an update on the agency's investment commitments in 2025.

Singapore’s 2025 investment pledges rise 5.3% to S$14.2 billion; related job creation dips 16%

Over a third of fixed asset investment is in electronics; total 2025 commitments expected to create 15,700 jobs over 5 years

Kosma Holdings, owner of both the service road and the mall’s carpark

High Court strikes down S$6,000 fee charged to Parklane mall for unauthorised service road use

Garbage trucks and other vehicles have no choice but to use the service road as it is the only access route to...

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