PM Wong's government is using a record Budget 2026 (S$154.7bn) to drive a nationwide AI transition, help firms go overseas and ease living costs. On 1 October the trade ministry was reorganised as the Ministry of Energy, Trade and Industry, and October diplomacy has centred on AI and external partnerships, including a visit by Germany's chancellor and a frontier AI safety summit.
Pemerintah · pemimpin
President Tharman Shanmugaratnam; Prime Minister Lawrence Wong (also Finance Minister)
Agenda nasional
- Nationwide AI transformation led by the PM-chaired National AI Council
- Stronger support for firms' internationalisation and financing
- Competitiveness in semiconductors, aerospace and biomedical sectors, with energy policy integrated into the new Ministry of Energy, Trade and Industry
- Worker reskilling and wage growth through SkillsFuture
- Cost-of-living relief and support for families and retirees
- Climate-ready housing and infrastructure
Program pemerintah
Budget 2026S$154.7bn
Announced 12 Feb 2026; total spending S$154.7bn (about 18.4% of GDP), projected FY2026 surplus of S$8.5bn
National AI Council
Chaired by the PM; oversees enterprise AI adoption, AI literacy for students and AI skills training for workers
Household support packageS$500 vouchers per household
S$500 CDC vouchers per household (paid January 2027), S$500 LifeSG credits per child aged 12 and below, among others
CPF retirement top-upsUp to S$1,500 per person
Up to S$1,500 for members aged 50+ below the Basic Retirement Sum; new CPF investment options
Tighter foreign workforce criteria
Higher qualifying salaries for EP/S Pass holders and higher levies in some sectors
Korea–Singapore green & digital shipping corridor and digital cooperation MOU
Following the Nov 2025 upgrade to a Strategic Partnership: joint AI projects, a green and digital shipping corridor and joint support for ASEAN digital transformation
Peluang bisnis
AI workflow automation packages for SMEs (accounting, customer service, document processing) via local resellers
Budget 2026 created an enterprise AI adoption programme, raising subsidised demand.
Singapore SMEs, local IT resellers
Practical generative-AI training courses for workers
The government is expanding support for worker AI skills.
SkillsFuture-accredited training providers, corporate HR
Korea market-entry and partner-matching advisory for Singapore firms
The 2025 Strategic Partnership and digital cooperation MOU are expanding bilateral business ties.
Enterprise Singapore-supported firms, local startups
AI model risk assessment and governance review consulting
Singapore is leading international discussions on AI safety and governance.
Financial institutions, large AI adopters, public agencies
Tender
- ITQ: supply and installation of face & card access readers and touchless exit buttons for 15 special rooms (YTSS) · MOE school (YTSS) · Batas waktu 2026-11-06
Dukungan Korea
- KOTRA Singapore trade office · KOTRA — Offers buyer matching, branch-office incubation (robotics, food, consumer goods, machinery, etc.), market research and investment support.
- Export Voucher programme · MSS/KOSME and MOTIE/KOTRA — Vouchers cover market research, certification and marketing services, lowering the cost of entering Singapore.
- Korea–Singapore Strategic Partnership and digital cooperation MOU · Governments of Korea and Singapore — Covers joint AI projects and a joint ASEAN digital transformation project funded by the Singapore Cooperation Programme and the ASEAN-Korea Cooperation Fund.
Pengumuman resmi
Prime Minister's Office Singapore
- 2026-10-28 PM Wong speaks by video at the Frontier AI Safety Summit co-hosted by Norway and Finland
- 2026-10-27 Visit of German Chancellor Merz; joint press conference
- 2026-10-01 Ministry of Trade and Industry reorganised as the Ministry of Energy, Trade and Industry
- 2026-10-09–10 PM Wong's official visit to Brunei
Bencana · konflik · wabah
Stabil 2026-10-30
—
—
—
