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The Monetary Authority of Singapore has committed approximately 220 million dollars in new funding to support financial technology startups and digital infrastructure over the next three years. The initiative aims to solidify the city-state position as a global hub for innovative financial services.
The United States has lifted sanctions on Fly Baghdad, an Iraqi airline previously accused of supporting Iran's Revolutionary Guards. This move comes amidst ongoing discussions and shifting US foreign policy regarding Iran and other global actors.
Deputy Prime Minister Gan Kim Yong stated that the safety of seafarers in the Strait of Hormuz is a top priority for Singapore, while affirming that the right of passage remains non-negotiable. Singapore is working closely with coastal ports to provide support.
The visit comes as Singapore and the US mark 60 years of diplomatic relations this year.
DBS's March 19 service disruption was caused by an 'erroneous step' during a system change, according to Gan Kim Yong.
Singapore's Deputy Prime Minister Gan Kim Yong has urged local companies to prepare for overseas expansion during these volatile times.
Singapore is seeking clarity from Washington on implementation details, including whether processes for tariff refunds will be put in place.
Deputy Prime Minister Gan Kim Yong stressed that economic support measures must be proactive, asserting that maintaining relevant and high-quality employment is central to Singapore’s long-term economic resilience.
Singapore's Deputy Prime Minister Gan Kim Yong announced that PUB is channeling S$12 million to enhance water efficiency for the water-intensive wafer fabrication and data centre industries, which are critical for artificial intelligence.
Singapore's Deputy Prime Minister Gan Kim Yong stated that maritime hubs, such as Singapore, are crucial for global stability amidst ongoing worldwide disruptions.
Amid an ongoing energy crunch and rising energy prices, Singapore is taking steps to conserve energy. Deputy Prime Minister Gan Kim Yong encouraged residents to use fans, and now government employees are asked to work in offices set to 25C to reduce air-conditioning costs, reflecting the nation's deep reliance on air conditioning and Asia's dependence on Gulf oil.
Economists are expressing concerns about Singapore's economic growth, with Deputy Prime Minister Gan Kim Yong acknowledging a likely slowdown due to global trade and energy disruptions. Most analysts are currently holding off on revising their forecasts despite the warnings.
The Trade and Industry Minister said in parliament that global energy prices could rise if the conflict continues.
Donald Trump threatened to double tariffs on Canadian auto imports and proposed a new $100,000 H-1B visa fee, while the U.S. also announced expanded sanctions to isolate Iran under 'Operation Economic Outcast'.
Applied Materials is expanding its operations in Singapore, planning to create 1,000 new jobs to meet the growing demand for AI chips. Deputy Prime Minister Gan Kim Yong stated these roles offer Singaporeans opportunities in frontier technologies.
Singapore's Deputy Prime Minister Gan Kim Yong stated at a US forum that the country's AI rules will aim for a balance, avoiding being too restrictive or allowing the industry to operate without oversight. He also briefly commented on the Middle East conflict.
Deputy Prime Minister Gan Kim Yong encouraged Singapore residents to conserve energy by using fans instead of air-conditioning and opting for public transport over personal vehicles to alleviate pressure from an ongoing energy crunch.
Singapore must be prepared for the effects of the war to persist for some time, says Deputy Prime Minister Gan Kim Yong.
Singapore's total fertility rate has fallen to a historic low of 0.87 in 2025, with Deputy Prime Minister Gan Kim Yong warning that the citizen population will start to shrink by the early 2040s if no new measures are taken.