Singapore MTI News

Singapore DPM Gan Keynote: Trade, AI, Energy Risks at CNBC Converge Live 2026

Singapore Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong delivered a keynote address at CNBC ConVERGE LIVE 2026 on April 22, discussing three forces reshaping the global economic landscape: trade fragmentation, rapid AI advancement, and the dual imperative of energy decarbonisation and security. He outlined Singapore's three strategic priorities for the next phase of growth: maintaining openness and connectivity across markets, scaling AI deployment in key sectors through AI Missions in advanced manufacturing, connectivity, financial services, and healthcare, and positioning early in the energy transition. The address noted that the Strait of Hormuz disruption has affected roughly a fifth of global oil flows, underscoring the immediacy of geopolitical supply chain risks.

Singapore MAS Core Inflation 1.7% in March 2026

The Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) reported that MAS Core Inflation rose to 1.7% year-on-year in March 2026, up from 1.4% in February 2026, driven by increased retail and other goods and services inflation. On a month-on-month basis, core prices edged up by 0.1% in March. CPI-All Items inflation also picked up to 1.8% year-on-year from 1.2% in February, due to higher private transport and core inflation components.

Singapore and South America Reaffirm Bilateral Ties, Advance Carbon Credits and Agri-food Collaboration

Minister for Sustainability and the Environment Grace Fu concluded a ten-day official visit to South America covering Peru, Paraguay, and Chile from 13 to 22 April 2026. The visit reaffirmed bilateral ties and advanced collaboration on carbon credits and agri-food trade between Singapore and the three South American nations. A joint press release was issued by the Ministry of Trade and Industry and the Ministry of Sustainability and the Environment.