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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

DBS says its survey findings point to a strategic shift among businesses towards diversifying revenue streams and markets.

8 in 10 SMEs plan overseas expansion in 2026 despite market volatility: DBS survey

Reaching new customers and building a stronger presence abroad are the primary drivers

Budget 2026 is expected to focus on strengthening Singapore’s economic resilience amid heightened geopolitical uncertainty, says Rohan Solapurkar, tax and legal leader at Deloitte Singapore.
SINGAPORE BUDGET 2026

Budget 2026 may give firms more targeted, strategic support to navigate global uncertainty

Observers say AI adoption will be a major focus of this year’s Budget, alongside renewed emphasis on internationalisation and sustainability

Managing partner of SIN Assurance PAC Dax Teo (left) with NTUC secretary-general Ng Chee Meng. Ng says feedback from the ground shows growing anxiety among PMEs over skills relevance and job security.
SINGAPORE BUDGET 2026

Over half of PMEs feel the need to upskill amid AI disruptions: NTUC survey

The labour movement will push for enhanced support measures as workers express anxiety and concerns

Manpower Minister Tan See Leng (third from right) during his visit to Thales Solutions Asia, which is one of the host organisations in the GRIT programme.

About 350 trainees placed with over 50 host organisations under graduate traineeship scheme

Placements come amid resilient labour market, with entry-level PMET roles and expected employment on the rise

Moh Yan Ting, managing director of Freshening Industries, says: "We are working while we sleep, letting the machines run overnight... This results in greater supply and efficiency."

Freshening Industries, maker of Zappy wet wipes, boosts productivity with round-the-clock automation

Its new Loyang facility is 3.5 times bigger than the previous plant and features a smart shuttle storage hub that lifts output by over 50%

Force Majeure, one of Pangdemonium's three scheduled productions in 2026, reimagines Chekhov's Three Sisters.

Theatre company Pangdemonium to close in end-2026; current season’s shows unaffected

The decision to wind up company is a ‘purely personal’ one, say co-founders Tracie and Adrian Pang

Minister of State for Trade and Industry Gan Siow Huang highlighted the growing importance of regional cooperation as supply chain disruptions and geopolitical risks increasingly shape business decisions. 

‘Muted’ outlook for Singapore’s manufacturing sector in 2026: SMF chief

The federation rolls out initiatives to help manufacturers embrace Industry 5.0 as predicted growth slows and geopolitical risks intensify

Nanyang Optical's outlet at The Clementi Mall is one of the brand's two remaining stores that will continue operating.

Nanyang Optical plans to enter into voluntary liquidation after 65 years; will close 4 of 6 stores

The eyecare chain’s remaining two stores, which are under franchise arrangements, will continue operating and are unaffected

This new programme “aims to facilitate the orderly winding up of non-viable or dormant businesses to have better recovery outcomes for viable ones”, said Ministry of Law.

Insolvency programme for micro, small companies to be revamped with simpler criteria, streamlined processes

The new programme will become a permanent feature of the Insolvency, Restructuring and Dissolution Act 2018

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