Singapore in the Straits Settlements — period of Singapore History

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Friday, October 30, 2026

Singapore in the Straits Settlements

period of Singapore History

In brief

Non-residents added 70,300 people as Singapore reached 6.21 million by June 2026, driven by construction workers for Changi Terminal 5, Marina Bay Sands and housing.

Singapore's core inflation rose to 2.2% in August, driven by services, retail, and food costs, with headline inflation at 2.3% as energy prices keep utility tariffs elevated. Authorities reiterated a full-year forecast of 1.5–2.5% for both core and headline inflation, expecting core pressure to stay high before moderating around mid-2027, while private transport inflation cooled slightly.

Singapore lifted its 2026 growth outlook to about 4.5%-5.5% and upgraded its non-oil domestic export forecast to 14%-16%, driven by AI-related demand that boosts electronics and manufacturing while the impact of Middle East disruptions appears smaller. The upgrades reflect a broader AI investment boom supporting the trade-heavy economy amid global headwinds.

LatestSingapore Q3 GDP growth slows to 5.4%Singapore’s economy grew 5.4% year over year in the third quarter, slowing from 6.2% in the second quarter but exceeding economists’ forecasts; manufacturing growth cooled while construction accelerated, and quarterly growth eased to 1.1%. The central bank held its exchange-rate policy steady after two rounds of tightening, while the government’s 2026 growth forecast stands at 4.5% to 5.5%.Oct 14, 2026