Ministry of Trade and Industry

Singapore's government arm that promotes economic growth, and creates jobs, to enable Singaporeans to improve their lives.

See below for the Latest Ministry of Trade and Industry News, Analysis, Profit Results, Share Price Information, and Commentary.

GDP forecast raised to 4.5%-5.5% on global AI capex surge

Further acceleration in AI-related capital expenditure raises growth prospects.
3 days ago

PM Wong names Shanmugam Senior Minister in broad Cabinet reshuffle

MTI to be renamed energy ministry as Siow, Neo, and Sim Ann get ministerial promotions.

Singapore growth slows to 5.7% in Q2 2026 despite manufacturing jump

Manufacturing expanded 12.2% as semiconductor demand stayed firm.

ASEAN ends talks on digital economy pact

It covers data flows, payments, e-commerce, and digital trade rules.

Singapore, Philippines sign carbon credits deal under Article 6 framework

The deal sets rules for carbon credit projects and cross-border transfers between both countries.

Inflation accelerates to 1.8% in March on transport, retail and services costs

Core inflation and CPI-All Items inflation are expected to average 1.5% to 2.5% in 2026.

Singapore rejects forced labour, overcapacity claims in USTR response

MTI says no evidence of forced labour exports also cites stable industrial capacity use levels.

MTI hits back as US launches overcapacity probe

US claimed a USD surplus for Singapore but MTI cited US data showing a $37.6b deficit.

Admin services hit by 5.3% labor cost surge as productivity falls

Retail and F&B saw rising labour costs outpacing productivity.

Taiwan trade surges $170b, overtakes China as Singapore’s top partner in 2025

Transport and other business services topped export categories.

Singapore unit labour costs to rise this year despite ‘flat’ 2025

ULC is expected to climb as productivity growth slows and wages increase.

Electronics and Biomed seize $12.1b as Singapore anchors AI chip demand

Manufacturing led FAI as semiconductor firms expanded facilities for global AI servers.

Construction jobs surge 8,700 as tech sector sheds roles

Ministry of Trade and Industry survey confirms massive hiring spike in building and infrastructure.

Manufacturing drives Singapore's 5% economic expansion in 2025

New MTI data confirms manufacturing was the undisputed engine of the economy in 2025, expanding nearly 9%.