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Singapore’s Economic Review Urges AI Leadership, Skills Overhaul and Bolder Backing for Local Firms

The mid-term update sets out seven recommendations after extensive consultations with businesses and workers.

Overview

  • ESR committees released a seven-point package to drive future growth and expand quality jobs, following more than 60 engagements.
  • The plan seeks to make Singapore a leading hub for artificial intelligence and to push adoption across sectors, including small and medium-sized enterprises.
  • Recommendations include a national AI workforce strategy, practical lifelong learning pathways, and a review of how SkillsFuture and Workforce Singapore support training-to-jobs transitions.
  • Industry upgrades target advanced manufacturing with more AI, automation and emissions-reducing technologies, alongside national R&D priorities in quantum, decarbonisation and space.
  • The review urges a shift to support high-potential local companies to take greater risks and internationalise, with the government to respond in the coming months and a full report due mid-2026.