Senior Minister Lee Hsien Loong stated that Singapore must remain open and repeatedly reinvent its economy to navigate a shifting global landscape where trade dependencies are increasingly weaponized and multilateralism is declining.

Senior Minister Lee Hsien Loong emphasized that Singapore must continuously reinvent its economy and policies to navigate an increasingly uncertain global environment, prioritizing resilience, inclusivity, and adaptability to remain competitive.

Singapore plans to merge several southern islands, including Pulau Bukom and Semakau, to create a new western island for future industrial, power, and defense infrastructure needs.

Singapore’s key exports rose 24.2% in July, driven by strong AI-related demand. Despite this growth, the performance missed economist forecasts of 26.8%.

Singapore’s July non-oil domestic exports rose 24.2% on strong AI-driven electronics demand, missing forecasts. The government raised its 2026 growth outlook, despite declines in non-electronics exports and new US levies.