News

Budget 2026: Carbon tax to reach $50 to $80 per tonne by 2030

Government says it will calibrate future moves to avoid disadvantaging domestic sectors.

Budget 2026: New board to oversee skills, career, and job matching

SkillsFuture Singapore and Workforce Singapore are merging into one body.

Budget 2026: New AI park at One-north to bridge research and business

The project expands on the pilot 'Lorong AI' co-working space.

Budget 2026: Defense spending holds at 3% of GDP as cyberattacks rise

Prime Minister Lawrence Wong says the government is prepared to spend more if needed.

Budget 2026: 250% corporate volunteer tax deduction extended to 2029

Singapore is also launching a $50m SG Partnerships Fund for community initiatives.

Budget 2026: Firms to get 400% tax deduction for AI spending

PM Wong revealed the government is expanding on the ‘Enterprise Innovation Scheme’.

Budget 2026: Budget surplus estimated at $8.5b for 2026

In 2025, the higher surplus is driven by more corporate tax collections.

Budget 2026: Tobacco excise duty raised by 20%

The higher tax is effective immediately.

Budget 2026: MNC tax rates to be raised to 15%

Singapore anticipates higher spending on healthcare and infrastructure.

Budget 2026: SG to launch national AI missions across four sectors

Key areas are advanced manufacturing, connectivity, finance, and healthcare.

Budget 2026: Wong says $400m boost will fund longer-term care

A task force led by Goh Pei Ming will review disability support.

Budget 2026: LQS raised to $1,800 for lower-wage workers

PWCS core funding support also increases from 20% to 30%.

Budget 2026: All households get $500 vouchers from January 2027

Half the vouchers go to supermarkets with the rest for heartland merchants and hawkers.

Budget 2026: PARF rebate cap halved to $30,000 on increasing EV adoption

The rebate is given out to cars deregistered before they turn 10 years old.

Budget 2026: Solar deployment 2030 target raised to 3GW-peak

Singapore is also advancing plans to import low carbon electricity.

Budget 2026: Gov’t injects $1b to boost startup growth

Meanwhile, a new work group will strengthen the capital ecosystem.