Economy & Policy

SMEs ‘screaming for help’, panellists say, as they urge Budget support on costs and overseas push

Enhanced internationalisation schemes, greater access to government financing facilities among measures that could make a difference

Despite a backdrop of high-profile closures, such as that of Twelve Cupcakes, F&B services had only the fifth-most cessations in 2025 among industries.

Compulsory winding-up applications rise to 15-year high in 2025

The number of business cessations is the third-highest since 1990

Excluding motor vehicles, retail sales grew 1.7%, easing from November’s 5.7% expansion.

Singapore retail sales growth eases to 2.7%, far short of 8% forecast

On a seasonally adjusted month-on-month basis, retail sales fall 5.4%

Salary points for other political officeholders are pegged as a fixed ratio to the entry-level minister’s norm salary pay.

Ministers’ pay unchanged while median incomes up 80% since 2012: Chan Chun Sing

An entry-level minister earns a norm annual salary of S$1.1 million, though this represents a 40% discount to the market benchmark set in 2012

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STB says that it expects 17 million to 18 million international visitor arrivals this year, compared with 16.9 million in 2025.

Singapore’s tourism receipts could set record in 2026, despite slower arrivals growth

STB’s arrivals forecast is more conservative for this year, after tourist volumes missed estimates in 2025 

January's PMI reading marked the sixth straight month of expansion.

Singapore manufacturing PMI at a 10-month high in January, driven by AI boom

The overall purchasing managers’ index is up 0.2 point at 50.5, marking the sixth straight month of expansion

While the idea of a good job has remained broadly consistent, the pathways to achieving one have become less predictable.
BUDGET 2026

Economic Strategy Review: What makes a ‘good job’ today – and why this is harder to create

It will be difficult to redefine a good job without addressing wages, says academic in wake of Economic Strategy Review proposals

A certain failure rate may be a worthy price to pay for those emerging companies that do eventually flourish.
COMMENTARY

What’s new about the Economic Strategy Review update? A spirit of risk-taking

If the government accepts the recommendations and takes on a greater appetite for risk, Singapore must also become more accepting of failure

DPM Gan Kim Yong says despite headwinds, Singapore is still aiming for the higher end of the 2-3% growth target.
SINGAPORE BUDGET 2026

Don’t assume growth will create good jobs, says DPM Gan, as Economic Strategy Review unveils seven plans

The ESR’s full report will be released in the middle of this year