Singapore manpower

SINGAPORE BUDGET 2026

Budget 2026: Retail, F&B rents make up lower share of business costs in last few years

Rent increases have also trended below nominal GDP growth and inflation in recent years, says PM Wong

NTUC deputy secretary-general Desmond Choo cautioned that replacing juniors with AI could weaken Singapore’s future talent pipeline.
SINGAPORE BUDGET 2026

Budget 2026: Singapore risks ‘missing middle’ as AI squeezes out junior roles, warns Desmond Choo

Calls to tax wealth more heavily also come up on the second day of debate on the Budget

Labour chief Ng Chee Meng renews calls for advance retrenchment notifications.
SINGAPORE BUDGET 2026

Budget 2026: Raise jobseeker support scheme’s S$5,000 income cap to cover more retrenched PMEs, says NTUC chief

Income cap can be pegged to PMET median monthly income, which was around S$7,600 in 2025: Ng Chee Meng

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

NTUC secretary-general Ng Chee Meng says the Al-Ready SG initiative reflects its focus on supporting workers and addressing job security concerns arising from the rapid adoption of Al.

NTUC launches AI-Ready SG initiative with tool subsidies, training pathways for workers

Labour movement expects to roll out partial funding for eligible artificial intelligence tools within the first half of the year for union members

From January 2027, new EP applicants outside the financial services sector will face a higher qualifying salary of S$6,000, up from S$5,600.
SINGAPORE BUDGET 2026

Budget 2026: SMEs unlikely to face sharp cost increases from EP, S Pass salary hikes, but offshoring interest may grow

A key way for SMEs to adapt to higher costs is to offshore parts of their operations, say industry observers

This comes at a time when the supply of HDB flats available for rental and completed private residential properties is rising, says Huttons Asia's Mark Yip.
SINGAPORE BUDGET 2026

Budget 2026: HDB, private rental markets may take hit from higher foreigner work pass salary thresholds

Increased business costs may lead employers to trim hiring, market watchers say

Budget 2026 reinforces Singapore's ambition to remain a hub for advanced services and digital leadership.

Singapore’s cautious hiring outlook isn’t about fewer jobs – it’s about different ones

Growth remains firmly on the agenda – the difference lies in how it is structured

Singapore can expect higher corporate tax collections from the 2027 financial year onwards.
SINGAPORE BUDGET 2026

Budget 2026: Singapore to proceed with BEPS Pillar Two top-up tax; corporate revenues to rise

The updates to the framework will increase the effective tax rate for large multinational enterprises operating here to 15%

The special payment, to be disbursed in September, will range from S$200 to S$400 in cash and be paid to about 2.4 million adult Singaporeans.
SINGAPORE BUDGET 2026

Budget 2026: S$500 in CDC vouchers, up to S$400 special payment to ease cost pressures

Eligible households will also receive up to S$570 in U-Save rebates