News
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Nomura Lifts Singapore's 2027 Growth View to 4% as AI Demand Broadens Beyond Chips
Singapore's economy is on track to grow faster than anyone expected at the start of the year, and the AI investment wave is the reason. Nomura lifted its 2026 growth call to 5.7% this week — above the government's own revised range — and pushed its 2027 outlook to 4%, up from a previous 3% projection, citing...
AEM's H1 Profit Jumps 10x to S$30.8M as AI Chipmakers Ramp Up Test Demand
Singapore's semiconductor supply chain keeps finding new ways to cash in on the AI boom, and this week it was test equipment's turn. AEM Holdings, the mainboard-listed maker of chip testing systems, posted a net profit of S$31 million for the first half of 2026 — ten times the S$3.1 million it earned a year...
When Your Therapist Lives in Your Pocket: Singapore Psychologists on the AI Therapy Boom
Somewhere between Singapore's aggressive AI adoption push and its famously high cost of living, a quiet behavioural shift is underway: more people are opening ChatGPT or Claude instead of booking a therapy session. It is not a niche experiment. Singapore-based clinical psychologists say...
Trek 2000's 11x Earnings Jump Shows AI Demand Is Reaching Singapore's Own Hardware Names
Singapore's AI story is usually told through data centres, semiconductor plants and government frameworks — but the earnings season is now putting hard numbers on it. Trek 2000, the homegrown company credited with inventing the USB thumb drive two decades ago, just delivered the kind of result that shows how...
95% of Firms Have Delayed AI Projects on Governance Fears — Singapore Is Ahead on the Hybrid Fix
Enterprise AI has hit a governance bottleneck, and it is showing up in project pipelines worldwide. Cloudera's survey of 1,500 enterprise architects, cloud infrastructure leads and data architects found that 95% of organisations have delayed or cancelled AI projects because of infrastructure and governance...
Singapore's AI Productivity Gap Is an Organisational Problem, Not a Model Problem
Singapore's AI conversation has shifted from whether companies should adopt the technology to why so many of them aren't seeing it pay off. The Ministry of Manpower's latest study puts the gap in stark numbers: 71.5% of firms here have yet to adopt AI at all, and of the 28.5% that have started, only 3.8%...
One-North Rezoning Doubles Start-Up Space as Singapore Builds Kampong AI Park
Singapore's start-up ecosystem is about to get twice the room to grow. Proposed zoning changes will assign LaunchPad @ One-North a gross plot ratio of 2.5 — up from the overall ratio of slightly more than 1.0 today — effectively doubling the floor space the estate can build, and clearing the way for Kampong...
Nearly Half of Enterprise AI Use Happens Behind IT's Back, Akamai Report Warns
Singaporean companies have spent the past year racing to put AI into everyday work — and that is exactly why a new warning from Akamai deserves attention. The content-delivery and security firm's Enterprise AI Risk Report found that nearly half of all enterprise AI conversations now happen through personal...
AI is Singapore's growth engine — just not the only one, economists say
Singapore's Ministry of Trade and Industry has lifted its 2026 GDP growth forecast to 4.5 to 5.5 per cent after a stronger-than-expected first half, and economists are calling the upgrade a bullish signal — one powered largely by the global AI investment boom. The move follows second-quarter growth.
From Black Box to Glass Box: Why Singapore's Finance Teams Are Demanding AI They Can Audit
Singapore's finance teams have moved past the question of whether to use AI. Faster closes, tighter controls and better visibility are now baseline expectations in an economy where digital transformation is a national priority. The harder question, the one boards and auditors are starting to...
July's tech sell-off tested the AI boom — Singapore's infrastructure bet is still running
Singapore's economy has spent the last two years riding the AI investment wave — the government this week raised its 2026 growth forecast to 4.5-5.5% partly on the strength of AI-driven electronics exports. But July gave global tech investors their sharpest scare in two decades.
AI adoption lifts Singapore business revenue 16% in a year, MTI study finds
Singapore's AI story is usually told in headline numbers — GDP upgrades, export surges, data centre dollars. But a new study from the Ministry of Trade and Industry looks at what AI actually does to the businesses on the ground, and the answer is more nuanced than the macro picture suggests: revenue and...