REACH (Telegram) 155 - What are your thoughts on Singapore’s upgraded GDP growth forecast for 2026?
(SK)
12 Aug 2026 (10am - 7pm)
REACH (Telegram)
[12/8/2026 9:52 am] REACH Singapore: Dear contributors,
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[12/8/2026 10:00 am] REACH Singapore: π’ Topic π’
On 11 August 2026, the Ministry of Trade and Industry (MTI) announced that Singapore’s GDP growth forecast for 2026 has been raised to 4.5%–5.5%, up from the previous range of 2%–4%, citing stronger-than-expected first-half performance and an improved outlook driven by global AI-related capital expenditure.
The economy grew 5.9% in the second quarter of 2026, slightly higher than the advance estimate of 5.7%, but easing from the 6.3% growth reported in the first quarter.
π¬ What are your thoughts on Singapore’s upgraded GDP growth forecast for 2026?
π AI driven growth
Beh Swan Gin, Permanent Secretary at MTI, stated that second-quarter growth was driven by strong performances in the manufacturing, wholesale trade, and finance and insurance sectors, with robust AI-related demand boosting the electronics and precision engineering clusters. For the rest of 2026, a further acceleration in AI-related capital expenditure is expected to lift the growth prospects of economies plugged into the global technology value chain.
Beh added that Singapore's growth has been broad-based rather than solely reliant on the AI boom, benefiting sectors such as finance, infocommunications, precision engineering, and wholesale trade.
πGlobal Risks and Sectoral Impacts
The impact of the Middle East conflict was less severe than initially feared. However, ongoing tensions and lower oil reserves are likely to keep energy and other input prices elevated through the rest of 2026, exerting upward pressure on global inflation and weighing on economic activity. Sectors affected by supply disruptions, particularly those reliant on petrol and petroleum-related feedstock, such as chemicals and F&B, are expected to remain weak, while elevated fuel costs may dampen demand in the transportation and accommodation sectors.
US tariffs are expected to continue weighing on the exports of affected economies, though Singapore does not currently anticipate an impact from the 12.5 per cent tariff imposed on exports to the US.
π Domestic performance and support
Domestically oriented sectors like construction remain resilient, supported by a pipeline of public and private projects, while government measures such as CDC vouchers aim to cushion the impact of higher living costs on the retail and food and beverage sectors.
π https://www.straitstimes.com/business/singapore-upgrades-2026-growth-forecast-to-4-5-to-5-5-on-stronger-ai-boom
π https://www.channelnewsasia.com/singapore/economy-gdp-forecast-mti-growth-6310711
π https://www.channelnewsasia.com/singapore/ai-gdp-economy-manufacturing-finance-6312146
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[12/8/2026 11:00 am] REACH Singapore: [ Poll : 1. I am confident in Singapore's short to medium term economic outlook. ]
- Strongly agree
- Agree
- Neutral
- Disagree
- Strongly disagree
[12/8/2026 11:00 am] REACH Singapore: [ Poll : 2. I feel that Singapore's improved economic growth has benefited Singaporeans as a whole. ]
- Strongly agree
- Agree
- Neutral
- Disagree
- Strongly disagree
[12/8/2026 11:02 am] REACH Singapore: Dear Contributors,
We want to HEAR from you on today’s topic!
π¬ What are your views on Singapore’s upgraded GDP growth forecast for 2026?
We look forward to hearing from you and hope to keep the discussions robust and active!
Do also share your opinion by participating in our polls! The poll questions are pinned for easy reference, and your vote is anonymous.
Thank you!
Megan π
[12/8/2026 1:27 pm] LCL (Danny εΏ):
1. Looking at the 1st and 2nd quarter GDP figures, it shows a very strong growth 5.9% to 6.3% - much higher than the 2 or so % annual GDP we experience since our Economy has become a Developed State.
2. This come at the back of :-
a. Disrupted global supply chain - from Trump's tariff
b. Geopolitical tussle
c. War - in Ukraine and Middle East
d. Energy crisis - from the blockage Hormuz Straits and Red Sea on fuel export
3. The Economic Performance is consider exceptional - largely fuel by exponential demand for AI that drive demands for IT products such as chips, memory, servers, IT equipment - in which we are a semiconductor hub.
4. In turn the advanced manufacturing demand - trigger demands in finance, IT, precision engineering, logistics, wholesale trade, shipping, air cargo etc.
5. Our finance hub also attracted large financial capital from troubling region such as middle east, regional economy, EU into financial market fueling growth in banking for wealth products, insurance and other financial products.
6. Together with our domestic fuel construction activities like oncoming MRT projects, BTO flats, public projects like long-island etc - it takes our GDP figures into a new height - triggering high Economic growth, Business and Jobs.
7. However, there are still some anxiety and worries despite such a bright prospect in our Economy - which we can discuss later.
[12/8/2026 1:41 pm] LCL (Danny εΏ):
Advent of AI
1. The advent of AI - that start to threaten to replace some entry-level white collar jobs and robotics that threaten blue collar jobs which also threaten the traditional business.
This require transformartion in the way we :-
a. Conduct our business. That is business need to transform to exploit AI, improve productivity to support the business - resulting in the needs for business transformation. This cause anxiety to businessman and boss.
b. The job role -- for entry level and mature white collar jobs are also transformed with the advent of AI.
Workers no longer can do the entry level or mature worker jobs the same as before - and need skillsets that should be :- AI-competent + skillsets and knowledge train in their respective domain.
c. Schools, IHLs -- also need to revamp their course curriculum to encompass :-
i. Domain knowledge and skills - in the respective industries and trade
ii. AI competency - to complement the respective domain knowledge and skills
iii. Industry relevant skillsets and knowledge that will be needed in the respective job roles.
[12/8/2026 2:01 pm] REACH Singapore: π’ Topic π’
[12/8/2026 2:02 pm] LCL (Danny εΏ):
The debate on - MNCs (reducing jobs while exploiting AI) and shift away from MNCs to SMEs
1. The ongoing debate to shift away from MNCs and focus on SMEs as proposed by WP in the Parliament for its proposed Future Economy Playbook - has triggered anxieties and worries in many Singaporean workers as surface in the social media eg. TikTok - where many influencers have produced videos to voice their concern.
2. The following is a summary of what livestreamers have to say about WP Future Economy Playybook - which they warn WP will bring the Economy down, drive away MNCs and kill jobs :-
After note:-
https://vt.tiktok.com/ZS4gGTuLH/
Jamus Lim bungle on anti MNCs.
CNA news:-
Jamus Lim (Sengkang GRC) and Tiong subsequently clarified that the WP was not proposing a zero-sum shift away from MNCs.
Both parties landed on a consensus that MNCs and trade remain vital to Singapore’s next phase of growth, though Tiong said in closing that the WP sought an evolution towards younger local firms and away from how dominant MNCs and government-linked companies are in the economy.
The WP argued that its proposed redundancy insurance, which anyone who is retrenched would qualify for, offers better protection than the Government’s SkillsFuture Jobseeker Support Scheme.
The Government countered that its approach has always been to support re-employment, not unemployment.
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https://vt.tiktok.com/ZS4GMGf5p/
WP Kenneth Tiong on SMEs.
@Babe:Both WP Jamus Lim and Kenneth Tiong coin an anti-MNC stance in Parliament while drilling in on SME driven economy.
This is sending a anti-MNCs message that are producing high paying jobs to Singaporeans.
A sure way to deter MNCs to bypass Singapore and stop creating jobs for Singaporeans.
Jamus Lim (Sengkang GRC) and Kenneth Tiong subsequently clarified that the WP was not proposing a zero-sum shift away from MNCs.
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@Babe:Very obvious that WP, Jamus Lim and Kenneth Tiong have no good solutions to Singapore economics transformation - except to take PAP cookbooks - to criticize and find cracks - to assert do more, do better.
A very easy job for oppositions, WP to exploit when they have no good solutions.
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https://vt.tiktok.com/ZS4nryEqc/
Jamus Lim say can dispense with MNCs and create our own Samsung.
@Babe:Many SMEs in Singapore sign contracts with many MNCs as logistics and parts suppliers.
If you chase MNCs out of Singapore, not only high paying jobs for Singaporeans will lose their jobs.
Many SMEs in Singapore will collapse as well not to mention creating our own Samsung.
Talk is easy.
Your economics is not pragmatic at all and is fatal to Singapore economy, business and jobs.
@Babe:Imagine telling the following MNCs to leave Singapore:-
1. Citibank
2. AIA
3. Microsoft
4. Google
5. Shoppe
6. IBM
7. Cisco
8. HP
9. TikTok
10. Huawei
11. Siemens
12. Philips
13. Samsung
14. TSMC
Etc.
https://vt.tiktok.com/ZS4WqpcrN/
Jamus Lim - creative destruction.
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It is fatal and suicidal to Singapore economy.
Many of our Singaporeans high paying jobs will be gone.
Many of our SMEs, supporting industries, contractors, logistics etc supporting these MNCs will collapse.
I think WP Jamus Lim and Kenneth Tiong are out of their minds.
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Livestreamers producing videos to debunk WP Jamus Lim and Kenneth Tiong flaws in pivoting away from MNCs and solely focus on SMEs.
https://vt.tiktok.com/ZS4cyWQ1F/
https://vt.tiktok.com/ZS474B7w2/
Livestreamer support Minister Jeffrey Seow - Singapore needs both MNCs and SMEs.
https://vt.tiktok.com/ZS4gGTuLH/
Livestreamer - Jamus Lim bungle on anti MNCs stance.
You kill the golden goose that lay the golden eggs.
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[12/8/2026 2:22 pm] LCL (Danny εΏ): ----
Anxieties on whether the ongoing life long learning through Skillsfuture can land retrenched workers new jobs through career conversion or job retraining
1. Some livestreamer produce videos to say the Government has painted a playbook that once a person go through education, graduate from IHL - will have a life long career - and can feed themselves and their family until old age.
2. But with AI and other disruptors - this playbook can no longer stand water.
3. This trigger the youth anxiety - that their career future is not as good as painted by the playbook. And they are anxious, will they be able to feed themselves, get married, bear children and start a family and raise them up, and get financially sufficient into their retirement.
4. Government new playbook - is continuous learning through Skillsfuture - to re-train and career conversion through training courses to land a new jobs - ensure continuous income and ensure sufficiency into retirement.
5. Now some of this livestreamers attempt to throw cold water on this life long learning claiming - to switch career or career conversion - short few weeks courses is not sufficient to land a new job or switch a career. It require another 3 to 4 years of IHL training.
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[12/8/2026 2:33 pm] LCL (Danny εΏ): Monday, August 10, 2026
Certification course cannot find jobs? Not true.
https://vt.tiktok.com/ZS4nrbk18/
Training and jobs need years of training to find jobs.
Short Certification course cannot find jobs.
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I beg to differ :-
@Babe:1. If one take a network certification course eg. CCNA, CCNP, CCIE - a few days course, complete the lab, take the test after the course and pass - you can find a network engineer jobs. Entry level - more than $4,000 per month job.
2. If a person take a few days Microsoft MCSE course, do the lab, take the certification exam and pass, you can find a system engineer job. Entry level - more than $4,000 per month job.
3. If you take the CISSP course and pass the exam, you can start as entry level CISSP Associate cybersecurity job - and then gain working experience. Entry level - more than $4,000 per month job.
4. If a person take VTP VMware course and take a certification exam, the person can find a system virtualisation and cloud engineer job. Entry level - more than $4,000 per month job.
No need to study a few years to find an engineer job.
So what you say in this video is not true.
https://babe118.blogspot.com/2026/08/certification-course-cannot-find-jobs.html
[12/8/2026 2:47 pm] LCL (Danny εΏ):
Anxieties about the need for nature reserve conservation versus the competing needs to build sufficient BTO flats for the young couples, singles who wish to stay in their own flat, elderly who want their own BTO flats for retirement
1. Recently the debate on clearing the Maju forest at Clementi has draw some backlash from nature conservatives and environmentalist for clearing the green forest, and not observing the mantra of green sustainability, global warming.
2. There is another sides of the coin, that is those who want BTO flats fast to get married, start a family, singles who want their own BTO flats, elderlies who want to own BTO flats to retire.
3. So the 2 competing needs and desires clash and manifested in the recent hot Parliament debate.
4. However, the following are my observations after some fact findings to put the hot debate in perspective :-
https://babe118.blogspot.com/2026/08/maju-forest-is-not-part-of-nature.html
https://vt.tiktok.com/ZS4cHv9YS/
https://vt.tiktok.com/ZS4cEqLXY/
Is maju forest part of nature reserve?
@Babe:Maju forest is not part of nature reserve.
It is a cleared State land for building BTO whereby trees regrow back on the cleared land.
It is a land slated for housing development.
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Source:- Google Gemini AI
@Babe:Maju Forest is not part of a nature reserve. It is a regenerating secondary forest located near Sunset Way and Clementi Road.
Forest Status & Land Use
Zoning: The 23-hectare site has been zoned for residential use since 1980.
Not a Reserve: It does not hold official protected nature reserve status like the Bukit Timah Nature Reserve or the Central Catchment.
Development Plans: The Housing & Development Board announced plans to convert about 15 hectares of the land into public housing.
Conservation: Around 8 hectares will be kept as a wildlife refuge and nature trail around a natural stream.
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[12/8/2026 2:59 pm] LCL (Danny εΏ):
Anxieties about a few successive closure of F&B, restaurants some are very popular and successful local eateries - citing high cost (energy cost, rental cost, manpower cost, ingredient cost), too competitive food business, competiton from foreign large food chain, and opening of RTS (that could drive Singaporeans crossing over to JB to feast on cheaper JB foods)
"Soup Holdings ended FY2026 with a loss on higher costs and flat revenue".
Many f&b in Singapore making loss or close down.
But yet I find long queues in "atas" F&B in NEX every evening.
They are doing roaring business.
They mostly attract young customers who join and stay in long queues for the food.
Also I noticed food delivery - whereby household are ordering from Grabs, Food Panda etc like nobody business - even though the delivery charges and the ordered food are not cheap.
So very difficult for me to reconcile - whether f&b are doing well or face higher cost and doing badly.
https://www.theedgesingapore.com/capital/results/soup-holdings-ended-fy2026-loss-higher-costs-and-flat-revenue#:~:text=Soup%20Holdings%20ended%20FY2026%20with%20a%20loss%20on%20higher%20costs%20and%20flat%20revenue
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[12/8/2026 3:02 pm] LCL (Danny εΏ) in reply to LCL (Danny εΏ):
> Anxieties about a few successive closure of F&B,...
1. Seems to me like that customer consumption patterns have changed.
2. Those previous successful f&b are not able to seize on the changing consumption patterns to transform in time.
3. Hence result in business dropping and customers looking elsewhere for food.
[12/8/2026 3:32 pm] LCL (Danny εΏ) in reply to LCL (Danny εΏ):
> 1. Seems to me like that customer consumption patterns have...
[12/08, 3:28 pm] My close friend comments:
Cannot keep eating the same thing.
People get tired.
[12/08, 3:28 pm] ☸️ Danny εΏ:
Hahaha.
True.
[12/08, 3:28 pm] My close friend comments:
Novelty factor will wear out at some point in time.
[12/08, 3:30 pm] ☸️ Danny εΏ:
Yes.
That is why business needs to be constantly in tune with the customer's needs and adjust to maintain and grow their business.
I think you got a good point.
I post for you.
[12/08, 3:32 pm] My close friend comments:
Rising costs is definitely a factor but not the only factor.
[12/08, 3:33 pm] ☸️ Danny εΏ:
Yes.
That's how I feel too.
[12/8/2026 3:35 pm] LCL (Danny εΏ):
Anxieties on the population number are becoming bigger due to new citizens, PRs, foreign immigrants to complement our workforce and foreigners working in Singapore, the perceived overcrowding - are making some Singaporeans nervous of job competition, crowded infrastructure (such as MRT, bus, shopping malls) and that with AI boosting productivity can make do with lesser and smaller size population.
1. My thoughts are as follows :
a. Even though Singapore is a small size Country - an optimal size of population is needed to ensure :-
i. There is a need for sufficient sizeale talent pools to tap. Because not all people are born equally smart and intelligent. Some got talent to be Ministers and MPs for governance, some got talents to be in civil service to formulate government policies , some got talents to be CEOs, senior business management, some got talents to be Military commanders or Home Team commanders, some got talents for white collars jobs like STEM R&D researchers, professionals, engineers, some got talents as Suregeons, Doctors, Nurse, some got talents as Judges, Lawyers. some got talents as social welfare officers, some got talents in arts, culture, sports, some got talents as F&B, chefs etc, some got talents in finance, some got talents in Administrative jobs such as accounting, sales, corporate functions, some got talents in national security, police, prison staff, civil defence, soldiers etc.
ii. Doesn't means that we exploit AI, automation, robotics etc - we should keep our population small - and expect our populations to perform such a diverse comprehensive functions of our sophisticated and complex economic and industrial needs.
Even Superpowers like China, US, EU, India and Developed Middle Power like Japan, S Korea, Australia, Canada etc - cannot find such a diverse talents with a small population pools and need foreign talents to boost their population mix.
iii. Hence in addition to maintain our Singaporean population of 3.66 million, we still need complemented workforce and foreign talents to tap from - eg. 0.54 million PRs, 1.91 non-residents to ensure Singapore Economic needs, Industrial needs, National Security needs, Social needs, Healthcare needs etc --- can be met.
iv. In addition, assume our 3.55 milion can meet all our talents needs in economy, business, jobs, governance, security, social, welfare etc --- we still need to ensure our economic outputs and productions - can be consume domestically - to support our Domestic Economy - that is sufficient people to spend their income to buy food, good, retail products, manufactured goods and services - so that our F&B, retail stores, manufacturers, banks, insurance companies, Stock exchange, malls, transport like taxi, bus, MRT, PHV, tourists spots like hotel, attraction etc can survive and thrive.
To summarise and concllude:-
So keeping about 6.5 million people as Singapore population is about right - be it our 3.55 million Singaporeans plus the rest - to keep our Domestic Economy to survive and thrive is absolutely necessary - as well as to cushion against any external shocks on our exports - due to geopolitical tensions and external wars.
[12/8/2026 5:57 pm] LCL (Danny εΏ): Trump claims total control of Hormuz, demands Iran pay reparations as standoff deepens.
Trump and Iran will fight until the end.
Meanwhile I hope the Gulf States can bypass the Hormuz Straits through other routes like pipelines or other means to export the oil out to us.
Let the karma deal with Iran and Trump - politically both collapse and burn a big hole in their finances.
While we settle ourselves with alternative energy sources.
https://www.cnbc.com/2026/08/11/us-iran-war-trump-hormuz-control-reparation-talks-.html
[12/8/2026 6:00 pm] LCL (Danny εΏ) in reply to LCL (Danny εΏ):
> 419. I post in REACH (Telegram)[1/4/2026 2:00 pm] LCL (Danny...
How the UAE Has Kept Its Oil Flowing Through Hormuz | OilPrice.com.
Through their oil pipelines that bypass both Hormuz Straits and Red Sea.
The oil pipelines now form the arteries that feed the whole world with oil and LNG as negligible and no oil can use tankers to pass through the 2 waterways.
[12/8/2026 6:00 pm] REACH Singapore: π’ Topic π’
[12/8/2026 6:02 pm] LCL (Danny εΏ) in reply to LCL (Danny εΏ):
> How the UAE Has Kept Its Oil Flowing Through Hormuz |...
Indeed UAE and some Gulf States have been digging oil pipelines to bypass Hormuz Straits and Red Sea to export oil out of Middle East.
The world will not be held hostages by the blockade in both Hormuz Straits and Red Sea or pay the toll fees if it take months or even years to resolve.
[12/8/2026 6:03 pm] LCL (Danny εΏ) in reply to LCL (Danny εΏ):
> Indeed UAE and some Gulf States have been digging oil...
Meanwhile, we need to seriously go for green energy and loosen our dependent on oil and LNG.
[12/8/2026 6:10 pm] LCL (Danny εΏ) in reply to LCL (Danny εΏ):
> How the UAE Has Kept Its Oil Flowing Through Hormuz |...
The United Arab Emirates has managed to boost its oil exports to pre-crisis levels as early as June, as it has kept pushing crude through the Strait of Hormuz and outside it.
The UAE, which left OPEC on May 1, has found workarounds to the blockage at the Strait of Hormuz.
It has been shuttling crude through the chokepoint to load it on larger vessels outside the Strait, maximizing the use of its onshore pipeline to ship crude from the west to the east of the country, bypassing Hormuz, and shipping tankers through the Strait in dark mode.
[12/8/2026 6:11 pm] LCL (Danny εΏ) in reply to LCL (Danny εΏ):
> The United Arab Emirates has managed to boost its oil exports...
Well done UAE!
[12/8/2026 6:13 pm] LCL (Danny εΏ):
419. I post in REACH (Telegram)[1/4/2026 2:00 pm] LCL (Danny εΏ):-
However, Gulf States should explore another very viable routes that is often overlook - which should be more cost effective and very unlikely to be block at the Hormuz or the Red sea straits.
This will solves the many decades of geopolitical tension in the Gulf States through many energy war.
[1/4/2026 2:01 pm] LCL (Danny εΏ):
Den den den ....... Drum roll....
Gulf States should increase the pipelines from UAE and Saudi straight into Oman and through Oman ports - will bypass the choke points in Hormuz (Iran control) and Red Sea straits (houthis - Yemen control).
Then all the supertankers will berth at the Oman ports rather than going through Hormuz and the Red Sea.
This will solves the energy crisis once and for all.
The oil pipelines from UAE and Saudi can be buried deep underground - that cannot be bomb or sabotage - by ballistic missiles, drones or artillery bombardment.
But the underground pipelines need to be increase so that capacity can match those supertankers.
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SCMP Published: 10:30am, 3 May 2026
‘Structural shift’: new routes for Middle East freight to bypass Hormuz.
Saudi Arabia, Turkey and the UAE lead a push for a new trade architecture with multiple nodes linking the Indian Ocean to the Mediterranean Sea.
The proposed alternative routes for commercial cargo would flow from ports in the UAE and Oman located outside the Persian Gulf, overland by rail through Saudi Arabia to Jordan, and then onwards through either Egypt’s Suez Canal or the Syrian ports of Latakia and Tartus.
[12/8/2026 6:18 pm] LCL (Danny εΏ):
This will teach rouge States to behave themselves, obey international laws and be a good man, good States.
No impunity for misbehaving States or personalities - because karma will catch up.
Meanwhile, we need to be the "Lamp upon the World of Darkness" - to guide the right behavior - dispel the thought of "might is right".
If we don't want the world to perish under the Universal Law of Karma.
[12/8/2026 6:23 pm] LCL (Danny εΏ):
1 good idea - the whole world move.
[12/8/2026 6:45 pm] REACH Singapore: Dear Contributors,
⏰ We will be closing the chat in 15 minutes ⏰
Thank you very much for being part of our Telegram chat and participating actively.
Goodnight!
Megan π
[12/8/2026 7:00 pm] REACH Singapore: Dear Contributors
We will be closing the chat for today.
Thank you very much for being part of our Telegram chat and participating actively.
Goodnight!
Megan π
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