Gan Kim Yong

Singapore cannot assume economic growth will create many jobs amid the AI shift, says Gan Kim Yong.

Singapore and Indonesia launched the Nongsa-Changi subsea cable, delivering 1.6 petabits per second capacity between Batam and Singapore, strengthening regional digital infrastructure ahead of Asean's digital economy framework agreement.

Prime Minister Wong and President Prabowo affirmed Singapore and Indonesia's strategic alignment to maintain open access through the Strait of Malacca for global trade, emphasizing navigational freedoms under international law amid Middle East shipping disruptions.

Indonesian President Prabowo and Singaporean PM Lawrence Wong finalized 26 agreements spanning economy, defense, energy, and digital transformation, comprising 18 government and eight business-to-business accords, deepening their strategic partnership.

Indonesian President Prabowo Subianto received Singapore Prime Minister Lawrence Wong at Merdeka Palace on July 6, 2026, for their annual bilateral Leaders' Retreat, where they signed 26 memoranda of understanding covering economic, defense, and energy cooperation.

SpaceX IPO draws Singapore retail investors

MAS will offer gold vaulting services to foreign central banks starting October.

Taiwanese chip testing firm’s new Singapore facility to create over 300 jobs

ASEAN leaders convened in Cebu for a shortened summit addressing Middle East crisis impacts, with ministers pledging to strengthen regional supply chain resilience, accelerate energy integration through submarine cables, and coordinate petroleum security amid fuel price and inflation concerns.

Singapore politicians' public train rides spark mixed reactions among citizens, with some praising their down-to-earth approach and others accusing them of showmanship.

Singapore, Malaysia, and Indonesia unite to secure safe passage through the Straits of Malacca and Singapore.

Semafor is hosting the largest US economic leadership gathering next week in Washington, bringing together over 500 global CEOs and leaders from eighty countries, including Treasury Secretary Scott Bessent and international finance ministers, to shape critical market and policy conversations.

Singapore faces slower growth and higher inflation due to the Middle East conflict disrupting global supplies.

Deputy Prime Minister Gan Kim Yong warned that Singapore's 2026 economic growth will likely slow below forecasted rates while inflation rises, as West Asia conflicts drive up global energy and commodity prices, pressuring household costs particularly for lower-income residents.

Singapore's parliament examined Iran conflict fallout on Tuesday through 62 questions from 32 lawmakers, with three ministers addressing concerns about energy supplies, inflation, transport costs, and economic resilience in the trade-dependent city-state.

Southeast Asian nations prepare for oil price surge and energy transport disruption.

Amid global geopolitical turmoil and restructuring trade patterns, ASEAN emerges as a strategic alternative, attracting doubled foreign direct investment reaching 244 billion USD and positioning itself to lead regional growth rather than merely react to global changes.

Indonesia and Singapore signed 26 bilateral agreements including renewable energy and supply chain deals at their July leaders' retreat, signaling pragmatic cooperation amid regional tensions and Indonesia's push for more equitable economic partnerships under President Prabowo.

Singapore and Indonesia signed 18 agreements on defense, energy, and trade cooperation.

Singapore and Indonesia pledged deepened economic cooperation and called for free passage through the Strait of Hormuz, citing Middle East conflict disruptions to global energy markets and trade amid their 32.9 billion dollar bilateral merchandise trade.

President Prabowo and Singapore Prime Minister Lawrence Wong will sign 26 memorandums of understanding during their annual leaders' retreat in Jakarta on June 6, 2026, strengthening bilateral cooperation across strategic sectors.

Indonesia's one-stop export policy, announced June 1, 2026, is incorrectly claimed to target Singapore oligarchs; experts confirm most commodities ship directly to destination countries, and the policy risks business uncertainty rather than combating foreign manipulation effectively.

Indonesia and Singapore deepened economic cooperation, with investment in the Batam-Bintan-Karimun region reaching $5.7 billion in 2025, while advancing a 200-megawatt solar project and expanding free trade zones to support digital economy growth.

Singapore urges financial firms to use AI for better jobs and training workers.

Indonesia's Coordinating Minister pushed ASEAN to finalize the Digital Economy Framework Agreement by November 2026, targeting to expand ASEAN's digital economy from one trillion to two trillion dollars by 2030 through the region's first comprehensive digital framework.

South Korea and Singapore initiated FTA upgrade negotiations addressing supply chains, green economy, and aviation sectors, strengthening bilateral economic ties amid global trade uncertainties and geopolitical challenges.

US microbiologist Joan Rose wins the Lee Kuan Yew Water Prize for her work on water safety.

The Middle East conflict has elevated the global security threat landscape, including for Singapore, according to Coordinating Minister K. Shanmugam.

Singapore faces slower growth and higher inflation due to the ongoing Middle East conflict, affecting various sectors and households.

Singapore MICE Awards and Future Economy Conference 2026 promote industry excellence and economic collaboration in Singapore's business events sector.

Singapore introduces 30 weeks of paid leave for new parents. The policy aims to reverse the city-state's low birth rate.

Singapore PM Lawrence Wong reshuffles cabinet, promoting key officials and reinstating Labour chief Ng Chee Meng as minister.

Indonesia and Singapore signed two memorandums of understanding to strengthen environmental cooperation and establish a fair carbon credit framework under the Paris Agreement, aiming to deliver climate mitigation benefits while ensuring transparency, environmental integrity, and tangible advantages for local communities.

Singapore and Indonesia signed a carbon credits pact to collaborate on climate finance projects.

Singapore and Indonesia agreed to collaborate on carbon credits and support SME cross-border trade, while Indonesia's sovereign wealth fund partnered with Singapore entities on a cross-border electricity project to strengthen regional energy security and resilience.

Indonesian President Prabowo Subianto will host Singapore Prime Minister Lawrence Wong for a bilateral leaders' retreat in Jakarta on July 6, 2026, to review bilateral projects and explore collaboration mechanisms in mutual interest areas while addressing regional developments.

Singapore will establish an over-the-counter gold clearing system by end-2026 and introduce central bank gold vaulting services to strengthen its role as a global financial hub and address liquidity gaps in Asian trading hours.

Singapore Deputy Prime Minister Gan Kim Yong visits Jakarta to co-chair the 16th bilateral economic working groups meeting with Indonesia's coordinating minister, strengthening ties across six strategic sectors as the nations approach their 60th diplomatic anniversary in 2027.

Singapore's growth committee recommended the government attract major AI firms and build on its energy hub status to transform the economy, create jobs, and strengthen competitiveness amid geopolitical tensions and inflation pressures.

Asean leaders seek to bring a regional trade pact into force this year amid Middle East pressures.

South Korea and Singapore initiated negotiations to upgrade their bilateral free trade agreement, addressing supply chain issues, green economy development, and aviation maintenance while strengthening economic cooperation amid global trade uncertainties.

Semafor convenes over 500 global CEOs and leaders from 80 countries next week in Washington, featuring US Cabinet members and international finance ministers addressing markets, policy, and economic leadership decisions.

Minister Gan Kim Yong warned Parliament that Iran's conflict will slow Singapore's economic growth and elevate inflation forecasts higher, prompting May revisions amid disrupted energy supplies and cascading global cost pressures across manufacturing, transport, and services sectors.

Singapore announced nearly S$1 billion in support measures, including cash handouts and fuel vouchers, to help citizens and businesses counter sharp energy cost increases from the Middle East conflict, exceeding Ukraine-related aid from 2022.

Singapore's deputy prime minister warned parliament that ongoing wars and geopolitical tensions are intensifying external risks to the economy, particularly threatening trade-dependent sectors and tourism, while urging businesses to build resilience through diversification and innovation.

Singapore's fertility rate hit a record low of 0.87. The average couple now has fewer than one child.