MTI raises Singapore's 2026 growth forecast to 4.5–5.5%
Stronger first-half results and global AI-related investment led MTI to lift its forecast from 2–4%. The economy grew 5.9% year-on-year in Q2.
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S$900m support package: cash grants for SMEs paid in November
SMEs with local employees get a cash grant of S$500 to S$2,500, paid automatically in November. Government risk-share on working capital and project loans rises to 70%.
For your business
No application needed if you have local staff on CPF. Talk to your bank about the enhanced loan terms.
1 Nov 2026 · SME cash grant payouts begin
YA2026 corporate tax rebate raised to 50%, capped at S$40,000
The rebate rose from 40% to 50% of tax payable. Companies that employed at least one local in 2025 get a minimum S$2,000 cash grant. IRAS applies both automatically.
For your business
File your Form C-S/C on time so the rebate is applied.
30 Nov 2026 · Form C-S / C due (YA2026)