Economy & business

5,376 debates and bills about economy & business

5 May 2026

Occupancy Rates at Biopolis and One-north Area, and Proportion of Tenants Paying Subsidised or Grant-supported Rent

Biopolis occupancy rose from 63% in 2003 to over 90%, with rents pegged to market.
A*STAR refresh extends into Greater one-north, staying close to ecosystem partners.
Biopolis remains a key biomedical hub; government continues R&D investment.

Summary written by AI

Overview Original source

5 May 2026

Building on "Made With Passion" to Launch New Initiatives for SMEs to Venture Overseas by Capitalising on Singapore's Trust Premium

Government reviewing "Made with Passion" after 150 brands, considering overseas expansion support.
Enhanced grants like Market Readiness Assistance now cover up to 70% of internationalisation costs.
EnterpriseSG partners trade bodies for overseas missions, pavilions, and in-market connections.

Summary written by AI

Overview Original source

5 May 2026

Responsibility to Conduct Customer Due Diligence and Report Suspicious Transactions for Real Estate Transactions

Anti-money laundering duties rest on gatekeepers: financial institutions, lawyers, accountants, real estate agents, and developers.
Buyers and sellers generally lack CDD obligations, but must file suspicious transaction reports if suspicion arises in their trade.
Singapore's regulatory framework and sectoral supervision of gatekeepers ensure strong anti-money laundering and counter-terrorism financing.

Summary written by AI

Overview Original source

5 May 2026

Rollout and Take-up of Long-Term Investment Fund and Private Credit Growth Fund

Fund managers appointed for both funds; they are in final establishment stages.
Funds will offer patient capital and customised financing for quality companies.
Commercial discipline in deploying capital stays relevant amid tighter global credit conditions.

Summary written by AI

Overview Original source

5 May 2026

Policy on Exclusivity Arrangements between Singapore Sports Hub Venue Operator and Ticketing Companies, and on Transparency Requirements for Booking Fees Charged

The Kallang operator has no exclusive ticketing arrangement; TSPs are chosen via open tender.
Event hirers pick any panel TSP and set booking fees commercially, as international practice.
Booking fees are disclosed on event pages and throughout the ticket purchase journey.

Summary written by AI

Overview Original source

5 May 2026

Reviewing Operator Licensing Arrangements to Improve Utilisation and Take-up Rates of Retail and Advertising Spaces within MRT Stations

Retail occupancy and ad revenue in MRT stations recovered above pre-pandemic levels.
Fixed-term licences make rail operators responsible for utilising commercial spaces.
LTA offers flexibility, including agreements beyond the licence period.

Summary written by AI

Overview Original source

5 May 2026

Flexibility in Retail Electricity Market Contracts for Households to Renew Contract or Switch Suppliers

EMA ensures competitive retail electricity market with various contract options, including short-term and no-contract plans.
Auto-renewal safeguards enhanced: double notification, and 60-day penalty-free switch window effective June 19.
Consumers encouraged to compare plans on Open Electricity Market price tool; EMA will monitor.

Summary written by AI

Overview Original source

5 May 2026

Revision of Earned Income Relief

Government regularly reviews personal income tax to keep it progressive and low.
Earned income relief enhanced with higher tiers for older workers and disabled.
Combined with exemptions, many pay no or minimal income tax.

Summary written by AI

Overview Original source

5 May 2026

Difference between Fresh Graduates' Wages in Singapore and East Asian Economies

Singapore fresh graduates' median wages top most East Asian economies, but trail Hong Kong after PPP.
Differences reflect economic structure, high-value industries, MNC presence, and supply chain integration.
Strategy: attract investments, raise productivity, and equip graduates with relevant skills for growth sectors.

Summary written by AI

Overview Original source

5 May 2026

Impact of Global Fertiliser Supply Chain Disruptions on Singapore's Food Security and Local Food Production

No significant impact yet, but prolonged disruption could reduce global yields and feed supply.
Government diversifies food sources, supports local farms, and stands ready with stockpiles.
Higher energy, shipping, and fertiliser costs will cause food inflation; support measures announced.

Summary written by AI

Overview Original source

5 May 2026

An Artificial Intelligence (AI) Transition with No Jobless Growth

Parliament resolves AI growth must be inclusive, ensuring no jobless growth and supporting every worker through fair opportunities.
Tripartite partners will expand upskilling, job redesign, and early retrenchment notice to aid smooth transitions.
Market intelligence and expanded Jobseeker Support will help displaced workers bounce back with dignity and confidence.

Summary written by AI

Overview Original source

5 May 2026

Skills and Workforce Development Agency Bill

Parliament merges SSG and WSG into SWDA to integrate skills training with job placement amid AI and economic change.
Members stress outcome-based metrics, like wage growth and job-fit, over participation numbers.
Calls for human-centric, inclusive support, especially for SMEs, mid-career, seniors, and persons with disabilities.

Summary written by AI

Overview Original source

8 Apr 2026

Short-term Subsidy Assistance for Rising Operational Costs due to Goodman Arts Centre's Rental Hikes

Rent hikes at Goodman Arts Centre not due to decreased funding or subsidies.
Reason for rent hikes unspecified in debate.
Ministry considers short-term assistance for affected arts community.

Summary written by AI

Overview Original source

8 Apr 2026

Drawing on Fuel Equalisation Fund to Buffer PTOs Against Rising Energy Costs

Energy index in fare formula mitigates cost fluctuations for rail operators.
Service fees for bus operators indexed to energy prices ensure financial sustainability.
Government provides subsidies to balance fare affordability and operator costs.

Summary written by AI

Overview Original source

8 Apr 2026

Targeted Support for Platform Drivers to Mitigate Rising Operating Costs

Government to collaborate with platform and taxi operators to ease drivers' rising costs.
Targeted support considered for platform drivers, delivery riders, and taxi drivers.
Refer to Ministerial Statements on Middle East impact for detailed measures.

Summary written by AI

Overview Original source

8 Apr 2026

Impact Assessment on Existing Government Payout Recipients Facing Cost of Living Challenges and Support Plans

MPs discuss support for cost-of-living challenges among existing payout recipients.
Emphasis on upskilling and improving employability to boost incomes.
Workfare Income Supplement and Progressive Wage Model target lower-wage workers.

Summary written by AI

Overview Original source

8 Apr 2026

Annual Skills Development Fund Disbursements for In-house On-the-job Training Subsidies Over 10 Years and Local Enterprise Support Plans

Minister reported $1B spent since 2019 on OJT training, benefiting 70,000 workers and 20,000 companies.
Government plans to expand OJT funding to address skills gaps and support local enterprises.

Summary written by AI

Overview Original source

8 Apr 2026

Review of Early Intervention Programmes for Infants and Children to Include Subsidies for Standalone Therapies

Dennis Tan urged subsidies for standalone therapies for autistic children under 12, awaiting diagnosis.
Masagos noted formal assessment is required before EIPIC; standalone therapies can use Child Development Account.
Special education schools and mainstream schools provide in-school therapeutic support for students with special needs.

Summary written by AI

Overview Original source

8 Apr 2026

Safeguards to Prevent Disposable Carrier Bag Charges from Becoming Profit-Generating Mechanisms

The bag charge aims to reduce usage, not generate profit. Operators must publicly report collections and spending to ensure transparency and accountability.
The government will continue monitoring and encouraging operators to use the proceeds for environmental or social causes, not for profit.

Summary written by AI

Overview Original source

8 Apr 2026

Supporting Commercial Viability and Development of Local Farms Through Export Market Access While Maintaining Domestic Food Supply Resilience

SFA aids local farms in accessing export markets to boost commercial viability, while maintaining domestic supply for food resilience.
SFA collaborates with agencies and partners on new protocols, like a 2024 deal with China, and provides export information and financial assistance for farms.

Summary written by AI

Overview Original source