Singapore's AI Boom Lifts Growth Forecast as Exports Surge to Decade High

Singapore just got a dramatic economic upgrade: the Ministry of Trade and Industry raised the 2026 GDP growth forecast to 4.5%-5.5%, a massive jump from the earlier 2%-4% range. The economy grew 5.9% year-on-year in Q2, bringing first-half growth to 6.1%. The reason? A global AI infrastructure spending boom that's turned Singapore's electronics sector into a goldmine. Permanent Secretary Beh Swan Gin said AI-related capital expenditure has "provided significant...