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Singapore's Economic Strategy to Harness AI for Growth

11/20/2025

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Summary

Story summary

Singapore is developing an Economic Strategy Review (ESR) to attract high-growth companies and boost local firms' presence.
Jeffrey Siow (Acting Minister for Transport) says artificial intelligence will be a key driver of growth over the next decade.
The ESR will provide a mid-term update in 2026 Budget debate.
A final report is due by mid-2026, with growth projected at 2–3 percent annually and aspirations to reach 4 percent.

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Story summary

Singapore is developing an Economic Strategy Review (ESR) to attract high-growth companies and boost local firms' presence.
Jeffrey Siow (Acting Minister for Transport) says artificial intelligence will be a key driver of growth over the next decade.
The ESR will provide a mid-term update in 2026 Budget debate.
A final report is due by mid-2026, with growth projected at 2–3 percent annually and aspirations to reach 4 percent.