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MAS reports net profit of S$20 billion driven by strong investment gains
On Tuesday, the Monetary Authority of Singapore released its annual report showing a net profit of S0 billion for FY2025/2026 — the third highest on record — driven by S9.8 billion in investment gains across bonds and equities in both developed and emerging markets. But buried in the upbeat numbers was a...
HSBC to hire 100 AI specialists, 100 wealth managers in boost to Singapore hub
HSBC is doubling down on Singapore as its Asian growth engine with a dual-pronged hiring push: 100 AI specialists for a new global AI centre and 100 wealth relationship managers. The move comes as the bank reshapes its workforce around AI adoption while expanding the high-fee wealth business that Singapore's...
Fenergo Launches Fen-AI to Automate KYC Work for Financial Institutions
For Singapore's financial institutions — already navigating MAS's push for responsible AI adoption — the challenge of using AI in regulated environments comes down to one question: can you prove what the AI did and why?
DBS Upgrades AI Assistants to Support Banking Tasks for Over 10 Million Users
Singapore's largest bank is making a bet that feels both obvious and quietly ambitious: that the future of banking isn't a mobile app overhaul, but an AI agent that sits inside it, ready to act. DBS has spent the better part of a decade building AI capabilities — from fraud detection to personalised insights...
Indonesia and Singapore Renew Education Partnership With AI and Digital Learning at the Core
Indonesia and Singapore are strengthening their education partnership with a renewed focus on AI and digital learning, updating a bilateral MoU first signed in 2017. Indonesian Minister Abdul Mu'ti highlighted AI-enabled distance learning as a tool to reach 50 million students across the archipelago.
Singapore's First AI Agents Sandbox Reveals the Gap Between Testing and Production Reality
Singapore's first AI Agents Sandbox — a joint initiative by CSA, GovTech, IMDA, and Google — tested autonomous AI in controlled settings over four months. The findings reveal a critical gap between sandbox testing and production deployment, as 74% of companies plan to deploy agentic AI within two years but only 21% have mature governance models in place.
Nine in 10 Singaporeans Use AI-Powered Platforms to Manage Finances, MDRT Survey Finds
The divide between how Singaporeans manage their money and how they used to do it is narrowing fast. A new survey from the Million Dollar Round Table (MDRT) finds that nearly nine out of ten people in Singapore now turn to digital platforms — including AI-powered tools — for everything from everyday...
Rising AI Token Costs No Problem for Toku, Says CEO as SGX-Listed Firm Charts Expansion
The narrative around enterprise AI costs has taken a sharp turn in recent months. After years of declining per-token prices, leading model providers like OpenAI and Anthropic have raised their rates, triggering widespread concerns among businesses that had bet big on AI-driven efficiency.
Microsoft’s Project Perception Uses AI Agents to Detect and Address Cyber Risks
As cyberattacks grow more sophisticated with AI-driven automation, the gap between defensive capabilities and offensive threats continues to widen for enterprises worldwide. In Singapore — where digital infrastructure underpins everything from financial services to government services — the stakes are...
What Comes Next for Singapore as an AI Hub? Analysts Point to Regional Gateway Role
Singapore is already one of the world's leading AI and deep tech hubs — but the bigger question, according to real estate consultancy Savills, is the role it will play over the next decade. The city-state's advantages lie in governance, regulatory clarity, and connectivity, positioning it as a regional hub for strategy, financing, and applied AI.
Singapore's Agentic AI Ambitions Hinge on Code Verification, Says Industry Expert
Singapore has positioned itself as a global leader in agentic AI governance by releasing one of the world's first dedicated frameworks for AI agents. But the real test, says industry experts, lies in whether the code those agents produce can be trusted — and a layered verification approach combining deterministic analysis with AI review may be the answer.
GIC Expands AI Investment Strategy Beyond Chipmakers to Companies Adopting AI
Singapore's sovereign wealth fund GIC has been investing in artificial intelligence since 2020, with a portfolio that includes Anthropic, Vantage Data Centers, and semiconductor supply chain companies. Now CEO Lim Chow Kiat says the fund is extending its AI focus toward companies leveraging the technology to transform their businesses.