KPMG in Singapore and the Singapore Institute of Directors (SID) have unveiled their strategic recommendations for Singapore’s Budget 2026, focusing on enhancing the nation’s role as a global hub. The proposal, titled “Prospering in a New Global Landscape,” is informed by a survey of over 1,000 professionals and business owners, highlighting the challenges they face and the support they seek from the upcoming budget.
The recommendations are centred around three key areas. Firstly, the concept of a “new global order” emphasises resilience as a growth strategy. This includes initiatives like a unified digital platform for Free Trade Agreement management and the implementation of progressive carbon taxes to bolster economic linkages.
Secondly, the “Intelligent Age” focuses on fostering an ecosystem of Trusted AI. This involves co-funded sector-specific data pools and a regional “Trusted AI” mark to ensure ethical governance and innovation. The aim is to address accountability and ethical deployment concerns in the rapidly evolving technological landscape.
Lastly, the “Next-gen talent” strategy seeks to empower future leaders with cross-domain skills. This includes introducing a dedicated work-pass category for “master trainers” and mentors, alongside job transformation roadmaps with co-funded training. A dedicated fund is also proposed to advance social impact reporting and enhance Environmental, Social, and Governance (ESG) competencies.
These strategies are designed to position Singapore as a trusted connector and aggregator of global flows, ensuring its long-term prosperity amidst evolving global geopolitics and economic shifts. The proposal reflects a proactive approach to maintaining Singapore’s competitive edge in the global arena.
