Singapore's AI Boom Sows a Two-Speed Economy as Factories Surge but Workers Lag

Singapore's factory floor is running hot. Manufacturing output climbed 6.8% year-on-year in July, beating economists' 6.7% forecast and marking a second consecutive month of robust expansion after June's revised 7.5%. Precision engineering led the charge at a blistering +17.7%, fueled by semiconductor equipment demand, while electronics added +11.2% as the global AI infrastructure buildout continues to funnel orders through Singapore's export machine.

The AI tailwind...