- Singapore's Prime Minister and Minister of Finance, Mr Lawrence Wong, delivered the 2026 Budget on 12 Feb 26.
Key highlights:
Growth at a reasonable pace.
- Although Singapore's economy expanded by a better-than-expected rate of 5.0% in 2024, PM Wong cautioned that the country needs to be prepared for a world with heightened geopolitical tensions amid an upending of traditional multilateral relationships.
- - Read this at SGinvestors.io -
Further stock market initiatives – positive for SGX and non-bank financial companies.
- Hot on the heels of MAS’ Equity Market Development Programme (EQDP) and the STI’s outperformance in the past year, PM Wong outlined several key measures that should bode well for the Singapore stock market, in our view.
- - Read this at SGinvestors.io -
Emphasis on AI.
- A meaningful portion of PM Wong’s budget speech was focused on AI and supported by various measures, including grants and tax incentives, and will look to focus on four key sectors: advanced manufacturing, connectivity, finance and healthcare.
- The government will also look to set up an AI park at one-north to foster collaboration, while Singaporeans taking approved courses will receive free premium AI tool access to accelerate adoption and workforce capability development.
Defraying rising costs.
- Read more at SGinvestors.io.
