News
Page 10.
Grab's AI-Led Playbook Pays Off as Q2 Profit Jumps 620%
Singapore's superapp has spent two years telling investors it treats AI as a margin lever, not a cost centre. Its second-quarter results, out this morning, are the strongest evidence yet that the bet is working — profit jumped more than sixfold, user numbers hit a record, and management raised its outlook for the...
AI/ML Engineer Is Now Singapore's Top-Paying Job for Under-30s
Artificial intelligence and machine learning engineering has become the single highest-paying occupation for young workers in Singapore, with a median gross monthly wage of S$8,970 for those aged 25 to 29. The figure comes from Ministry of Manpower data covering 30 occupations where under-30s alre…
UMC Expands Singapore Cleanroom Capacity as AI Chip Demand Surges
United Microelectronics Corporation (UMC) is increasing cleanroom capacity at its Singapore operations through a phased expansion plan, betting that AI-driven demand for semiconductors will continue to accelerate. The Phase 4 facility expansion, paired with a new fab in Taiwan, reinforces Singapore's position as UMC's largest manufacturing site outside its home market.
AI Demand Keeps Singapore Manufacturers Upbeat for Second Half of 2026
Singapore's factories are looking at the second half of 2026 with cautious optimism — and artificial intelligence is the thread running through every upbeat forecast. The Economic Development Board's latest business expectations survey, released on August 3, shows manufacturers across the precision...
MAS Flags AI Investment Boom as Financial Stability Risk Amid Tech Stock Turmoil
When MAS Managing Director Chia Der Jiun delivered his annual report speech on July 28, his warning about the sustainability of the artificial intelligence investment boom might have read like standard central bank caution. Three days and over a trillion dollars in wiped market value later, it reads more...
Soundwave Sensors and AI Feeding Help Singapore's Farms Grow Smarter
Singapore's aquaculture farms are turning to AI and digital tools to get more out of every harvest — from sensors that listen to shrimps while they eat, to a new national app built to replace paper-based record keeping. The push arrives as the sector wrestles with manpower constraints and rising…
Singapore Chip Stocks Surge as AI Trade Confidence Returns, AEM Leads
Singapore's semiconductor suppliers are riding the latest swing of the global AI trade. Shares of AEM, a supplier to Nvidia, Intel and AMD, rose as much as 12.5% to S$8.52 in early trading on Friday (Jul 31), while Applied Materials supplier UMS gained as much as 7.4% to S$2.33 — the biggest movers in a...
AI Occupiers Push Singapore's Office Vacancy to Region-Low 3.3%
Artificial intelligence companies are now shaping Singapore's skyline as much as its tech policy. Prime office vacancy in the city-state fell to 3.3% in the second quarter of 2026 — the lowest among 24 Asia-Pacific cities tracked by Knight Frank — as AI-related occupiers expand their footprint in the central...
DBS's First Group COO on Making AI Transformation Stick: Lead with the 'Why'
Singapore's biggest bank is betting that the hardest part of an AI transformation is not the technology — it is persuading 36,000 employees to come along. That is the argument Derrick Goh, DBS's first-ever group chief operating officer, makes as he oversees the execution of the bank's artificial intelligence...
An SG Intern Was Told to 'Just Use ChatGPT' — and the AI Workplace Debate Flared Up Again
Ask a Singaporean professional whether AI has become an unwritten job requirement and you will get very different answers depending on generation and industry. A viral Reddit thread this week has brought the question to the surface again: an intern at a global multinational company said he was "snubbed" at...
Luno Layoffs to Affect 20% of Staff Worldwide Amid Restructuring
Crypto exchange Luno is cutting about 20% of its global workforce, affecting staff across markets including Singapore where it operates as an MAS-licensed Major Payment Institution. CEO James Lanigan cited automation investments and cost discipline as the driving factors behind the restructuring.
Only 3 in 10 Singapore Organisations Prepared for AI-Driven Cyberattacks: Mimecast
Nearly seven in 10 organisations in Singapore admit they are not fully prepared to defend against AI-powered cyber threats that target human weaknesses, according to Mimecast's State of Human Risk 2026 study. The findings, based on a survey of 500 IT security professionals and business decision-makers across...