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Singapore Economy Grew 5.7% in Q2 as AI-Driven Manufacturing Surged 12.2%
Singapore's economy grew 5.7% year-on-year in Q2 2026, powered by a 12.2% surge in manufacturing output as AI-driven demand for semiconductors and precision engineering equipment continued to accelerate, advance estimates from MTI showed.
SimpleAI Raises US$15M to Acquire Accounting Firms Across Asia-Pacific
Singapore-based accounting automation startup SimpleAI has raised US$5 million in seed funding plus a US$10 million debt facility to fuel an acquisition-led expansion strategy targeting accounting and fund administration firms across Singapore, Australia, and beyond.
SATS Is Building a Unified AI-Powered Platform Across Its Global Operations
Gateway services and food solutions provider SATS is building a unified technology and data platform powered by artificial intelligence across all its operations, deploying machine learning for cargo forecasting and automation for ground handling at Singapore's Changi Airport.
Use of AI in Personal Finance Surges as Singapore Consumers Seek Smarter Advice
Singapore consumers are rapidly adopting AI-powered financial tools for budgeting, investing, and retirement planning, with a new report showing significant growth in usage driven by demand for more accessible and personalised financial guidance.
Singapore Investors Top Global AI Adoption Rate but Still Insist on Human Final Say
A new HSBC survey of over 600 Singapore investors finds that 76% use AI tools for financial research, outpacing the 72% global average. Yet nearly 80% still turn to human advisers before making final investment decisions, revealing a hybrid model where AI informs but humans decide.
AI-Generated Women Spread Disinformation About Singapore on TikTok
A CNA investigation has uncovered a network of more than 30 TikTok accounts using AI-generated female personas to push false and misleading claims about Singapore and Malaysia. The operation produced over 550 videos drawing more than 3 million views, with nearly 90% containing disinformation about Singapore's economy, geopolitics, and foreign relations.
Agnes AI Launches Free, Uncapped Agentic Coding Model for Developers
Singapore-based Agnes AI has launched Agnes-2.5-Flash, a new text model designed specifically for coding and agentic tasks, with free and uncapped access for all developers. The company also unveiled Agnes Code, a desktop workspace that lets developers run AI agents directly inside real projects without meter-watching.
Maybank: AI Demand Will Keep Driving Singapore's Semiconductor Growth
Maybank Investment Bank says AI-related demand will remain a key growth driver for Singapore's semiconductor sector, projecting the global AI-in-semiconductor market to reach US$174.5 billion by 2032 as enterprise adoption surges and orders flow down to Singapore manufacturers.
Singapore Puts AI to Work on MRT Network in S$800M Transport Push
Singapore is deploying artificial intelligence, robotics and autonomous systems across its MRT network as part of a broader S$800 million transport research and innovation programme, the government announced in Parliament on July 7.
JPMorgan: Singapore Data Centres Will Retain Premium Status as AI Demand Grows
JPMorgan says Singapore's data centre market will retain premium pricing power and status despite Malaysia's rapid capacity expansion, with tighter efficiency standards acting as a structural advantage that sharpens both markets' distinct roles.
Singapore's PDPC Proposes Mandatory Notifications When Firms Use Personal Data for AI Training
Singapore's data protection authority has proposed new rules requiring organisations to issue AI-specific notifications when using personal data to train generative AI models, replacing broad privacy notices with detailed disclosures on data usage and opt-out options.
86% of Singapore CEOs Believe Their Jobs Are at Risk If AI Strategies Fail
A new global study by Dataiku found that 86% of Singapore CEOs believe their role is at risk if they fail to deliver business gains from AI by end-2026, highlighting how AI has become a board-level accountability issue across the city-state's corporate landscape.