Singapore Commits S$37 Billion to Research, Innovation and Enterprise to Drive Future Growth Singapore has announced a major investment of S$37 billion under its new Research, Innovation and Enterprise (RIE) 2030 plan, aimed at strengthening key sectors such as semiconductors, digital technology, sustainability and healthy ageing. This marks a 32% increase from the previous RIE…
Singapore Second Globally in Costs for Data Centre Construction Singapore has become the world’s second most expensive place for building data centres, with average costs for data centre construction now at about $19 per watt (US$14.5). This is a 5% rise from last year and puts Singapore just behind Tokyo, but ahead of major hubs…
Work in Progress to Meet Family Office Tax Benefit Requirements in Singapore The Monetary Authority of Singapore (MAS) is churning the wheels to make it easier for single-family offices to meet Family Office Tax Benefit Requirements and enjoy related tax advantages. MAS states that some family offices had waited more than a year for their…
Top Destination for Land Investment Is Singapore Singapore has been ranked the top global destination for land investment, marking it as the leading choice for cross-border land and development deals over the past year. This win by Singapore only solidifies that the Asia-Pacific (APAC) region continues to dominate land-led investments, with only the US, Germany,…
Singapore Reviewing Economic Strategy Amid Global Shifts Singapore is conducting an economic strategy review to ensure the country stays competitive amid mounting global uncertainty, including tariffs, geopolitical tensions, and rapid technological change. The review would create a long-term blueprint to strengthen competitiveness, support innovation, and secure opportunities for businesses and workers. Five Focus Areas for…
Singapore Is Rolling Out the Business Adaptation Grant and Expanding Worker Support Amid Global Tariff Pressures Singapore is set to introduce a new Business Adaptation Grant to help companies adjust to tariff uncertainties and supply chain disruptions. This will be launched by October 2025. The Business Adaptation Grant will provide up to S$100,000 per…
2025 Global Report Highlights Singapore’s Standing in AI Readiness and Tech Proficiency Singapore Among Top Nations for AI Readiness and Tech Skills in 2025 Singapore has ranked fourth globally for AI Readiness and Tech Skills, standing out among over 100 countries surveyed in the 2025 Global Skills Report. The city-state ranked first in both AI…
Singapore Is Leading Southeast Asia in Fintech Funding for H1 2025 Singapore was responsible for 88% of the $776 million in fintech funding raised in Southeast Asia during the first half of 2025. This marks a 31% increase from the $593 million raised in the second half of 2024, although it remains 22% lower than…
Singapore-Indonesia Economic Ties Strengthen Amid Global Uncertainty Singapore and Indonesia have renewed collaboration in key sectors to strengthen their economic ties amid global uncertainty. The agreements were reached at the 15th Singapore–Indonesia Six Bilateral Economic Working Groups Ministerial Meeting (6WG MM), held in Singapore on June 15. During this time, both countries reaffirmed their commitment…
Singapore Secures 9th Position in the 2025 Global Startup Ecosystem Rankings Singapore has secured the 9th spot in the 2025 Global Startup Ecosystem Rankings. The city state’s startup scene is valued at $185 billion, which is well above the global average of $26.15 billion. Furthermore, its early-stage funding reached US$4.4 billion between late 2022 and…