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However, the export boom rests on a single, narrowing driver: AI.<\/strong><\/p>\n Last week in Singapore Business Review, logistics companies put artificial intelligence (AI) to work across their fleets, the Grade A office market tightened to the point of forcing companies to pre-lease space yet to be built, and Singapore climbed to fourth in the global startup ecosystem rankings.<\/p>\n Singapore’s logistics companies are deploying AI-powered fleet management systems<\/a> to track vehicles, optimise routes, and monitor driver performance, helping operators extract more from existing fleets at a time when high vehicle ownership costs make expanding them a costly option.<\/p>\n JustCo, which listed on SGX in May raising about $100m, said large companies now account for more than 53% of workstation occupancy<\/a> across its 54 centres in 12 Asia Pacific cities, as rising Grade A CBD rents continue to push corporations toward flexible workspace.<\/p>\n The scarcity of premium office space has become severe<\/a> enough that companies are pre-leasing Singapore offices up to 18 months before buildings are completed, with no major Grade A CBD project expected after Shaw Towers until 2028 and rents forecast to rise between 3% and 7% this year.<\/p>\n Singapore climbed from 16th to 4th in the global startup ecosystem rankings in five years<\/a>, according to a report by Arthur D. Little and the Singapore Economic Development Board, with public investment under the Research, Innovation and Enterprise 2030 framework set to rise from $28b to approximately $37b in the next cycle.<\/p>\n However, RHB warns that the city’s strong export performance, with NODX growing 20.7% year-on-year in June in its tenth consecutive month of gains, rests increasingly on AI-related electronics<\/a>, whilst gold, petrochemicals, and specialised machinery remain weak and non-electronics NODX is forecast to fall around 12% year-on-year in the second half of 2026.<\/p>\n The Monetary Authority of Singapore is expected to hold its policy stance at its July meeting<\/a>, with RHB describing growth and inflation risks as broadly balanced, core inflation holding at 1.4% in May, and the existing S$NEER band seen as offering sufficient room to absorb shifts in economic conditions without adjustment.<\/p>\n Lastly, system loan growth of 2% to 3% is expected across Singapore’s banking sector<\/a> in Q2, according to DBS Group Research, but net interest margins face downward pressure, with OCBC and UOB each forecast to see a 2 to 4 basis point decline from the previous quarter, whilst wealth management is flagged as the standout performer across the three banks.<\/p>\n<\/p><\/div>\n However, the export boom rests on a single, narrowing driver: AI. Last week in Singapore Business Review, logistics companies put artificial intelligence (AI) to work…<\/p>\n","protected":false},"author":1,"featured_media":71936,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[2611],"tags":[],"class_list":["post-71935","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buzz-headlines","wpcat-2611-id"],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/71935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=71935"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/71935\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/media\/71936"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=71935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=71935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=71935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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