News
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GovTech Retrenches 93 Staff as Singapore's Digital Agency Shifts to Product Model
Singapore's Government Technology Agency has retrenched 93 staff as part of a two-year restructuring that will affect 7 to 9 per cent of its workforce. Chairman Chng Kai Fong said the move is not AI-driven but a strategic shift from managing vendor-delivered projects to owning and running technology products in-house, with the agency expecting to ultimately employ more people at the end of the transition.
AI Now Carries Out Cyberattacks With Little Human Input: Check Point Report
For the first time, AI tools have automated significant parts of cyber intrusions over the past 12 months, performing in minutes what used to take skilled attackers hours or days, according to a new 56-page report from Check Point Research.
76% of Singapore Wealthy Use AI for Investing, But Advisors Stay Central: HSBC
More than three-quarters of Singapore’s mass affluent and high-net-worth investors now use AI for finance and investments, yet nearly 80 percent bring their AI-generated insights to a human advisor before making decisions, according to a new HSBC-commissioned study.
Digital Realty Wins APAC Award for AI-Ready Infrastructure in Singapore
Digital Realty has been named Outstanding Company of the Year at the Asia Pacific Business Awards for its work advancing AI-ready data centre infrastructure, with the company's Singapore-based managing director Serene Nah also recognised as Outstanding Executive of the Year.
Singapore's Q2 GDP Growth Beats Forecasts on AI Manufacturing Boom
Singapore's economy grew 5.7% year-on-year in the second quarter of 2026, beating analyst forecasts of 5.5%, as AI-driven electronics manufacturing continues to power the city-state's expansion despite global headwinds.
Minister David Neo Accused of Using AI to Write Tribute for Artist Chua Mia Tee
Acting Minister for Culture, Community and Youth David Neo faces backlash after netizens flagged that his Facebook tribute to pioneering Singapore artist Chua Mia Tee contained tell-tale markers of AI-generated writing, sparking debate about authenticity in public condolences.
Singapore SMB Ransomware Rate Rises in Q1 Despite Remaining Lowest in SE Asia
The proportion of Singapore small and medium-sized businesses targeted by ransomware rose from 0.57% to 0.69% year-on-year in Q1 2026, according to Kaspersky data. While Singapore remained the least affected market in Southeast Asia, the regional average climbed to 3.51% as ransomware groups deploy increasingly sophisticated techniques including double extortion.
Infrastructure Gaps Hold Back Singapore Firms From Scaling AI, Study Finds
A new Confluent study reveals that 78% of Singapore IT leaders say insufficient real-time data infrastructure is blocking AI scale-up, while 95% report struggles with legacy system integration. The findings paint a picture of ambition outpacing readiness.
JPMorgan to Rein in AI Spend as It Hires More Singapore Tech Talent
JPMorgan is tightening its generative AI budget even as it hires more engineers and data architects in Singapore, moving from unchecked experimentation to strict cost discipline. The bank's Asia-Pacific hub in Singapore is central to this recalibration, backed by MAS's pro-innovation regulatory framework.
7 in 10 Singapore Retail Investors Bet on Chip Stocks for AI Gains
Nearly 70% of Singapore retail investors are betting on semiconductor and chipmaker stocks to capture AI-driven gains, according to an eToro survey. The bullish sentiment comes as Singapore's electronics exports nearly doubled in May, driven by surging AI demand for integrated circuits.
Singapore Businesses Face an 'Intelligence Problem' as AI Adoption Outpaces Strategy
Singapore's AI ambitions are running into a practical challenge: businesses are adopting AI tools faster than they can build the strategic context needed to use them effectively. Analysts warn that without connecting AI to real market intelligence, organisations risk making decisions based on incomplete views.
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.