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SG Budget: 5 Important Policy Moves

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1. National AI Missions & AI Council

What It Means

Singapore is shifting from AI experimentation to coordinated national deployment. AI missions will target advanced manufacturing, logistics, finance and healthcare with regulatory sandboxes and enterprise support. A National AI Council will drive alignment across agencies and industry.

Who Benefits

  • Enterprises adopting AI
  • Skilled professionals in tech sectors
  • Workers transitioning to higher-value roles

Who Must Pay Attention

  • SMEs and corporates
  • White-collar professionals
  • Education and training providers

Companies should assess AI transformation readiness and workforce training needs.

2. CPF Lifetime Retirement Investment Scheme

What It Means

CPF members will have access to a low-cost lifecycle investment option with automatic glide path rebalancing. It remains voluntary and complements CPF’s risk-free interest structure.

Who Benefits

  • Younger CPF members
  • Long-term savers
  • Members seeking diversified exposure

Who Must Pay Attention

  • Individuals below retirement age
  • Financial planners
  • HR departments

Members should review retirement horizons and risk tolerance once details are released.

3. Workforce System Merger (SkillsFuture + WSG)

What It Means

Training, career guidance and job matching will be integrated into a unified agency. The move aims to create seamless lifelong learning pathways in response to faster technological change.

Who Benefits

  • Mid-career workers
  • Job seekers
  • Employers redesigning roles

Who Must Pay Attention

  • Workers considering reskilling
  • HR leaders
  • Training providers

Workers should monitor new integrated pathways and funding enhancements.

4. EP & S Pass Salary Threshold Increases

What It Means

Minimum salary thresholds for EP and S Pass holders will rise from 2027. The changes align foreign worker policies with rising local wage benchmarks.

Who Benefits

  • Local professionals
  • Firms prioritising quality hires

Who Must Pay Attention

  • Employers hiring foreign professionals
  • Foreign workforce planning teams

Businesses should review manpower planning and cost structures ahead of 2027.

5. Expanded Growth Capital & Capital Market Strategy

What It Means

$1 billion for growth-stage startups and a $1.5 billion anchor fund tranche signal commitment to strengthening SGX and venture ecosystem. Singapore aims to anchor scaling companies and deepen capital markets.

Who Benefits

  • Growth-stage startups
  • Investors
  • SGX-listed companies

Who Must Pay Attention

  • Founders
  • Fund managers
  • Corporate finance teams

Startups should assess eligibility for expanded equity support.

 

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