HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 2 January 2026 – CUKTECH, a technology brand dedicated to charging innovation, has officially launched its first desktop charging product in Vietnam — the CUKTECH 30 Ultra Charging Station. This marks an important expansion of CUKTECH’s local product lineup, bringing a high-performance, all-in-one desktop charging solution to users who value efficiency, advanced technology, and modern design.
Designed for multi-device users, content creators, and tech enthusiasts, the CUKTECH 30 Ultra Charging Station combines ultra-high power output, intelligent visual interaction, and minimalist industrial design to elevate the desktop charging experience.
All-in-One Desktop Power Charging Station
With a maximum total DC output of up to 300W, the CUKTECH 30 Ultra Charging Station can charge up to five devices simultaneously. From high-performance laptops and tablets to smartphones and accessories such as earbuds and smartwatches, most devices can be powered efficiently from a single desktop hub, reducing cable clutter and minimizing reliance on multiple chargers.
Smart Visual Interface
The charging station features a 1.83-inch IPS display with 850 nits peak brightness and a 170° wide viewing angle. The screen displays real-time information including per-port output, total power consumption, and charging protocols, enabling users to easily monitor charging status while enhancing the product’s technological appeal.
Advanced Fast-Charging Technology
Powered by ADC 2.0 Adaptive Fast Charging Technology, the CUKTECH 30 Ultra Charging Station intelligently identifies connected devices and automatically matches optimal voltage and current. It supports multiple mainstream fast-charging standards, including Xiaomi 120W MAX, delivering fast, stable, safe performance across a wide range of devices and brands.
Minimalist Design for Modern Desktops
Staying true to CUKTECH’s design philosophy, the CUKTECH 30 Ultra features a refined, minimalist form that blends seamlessly into modern home and office environments. Beyond functionality, it serves as a premium desk accessory that enhances organization and visual sophistication.
Brand Strength & Global Recognition
As part of the Xiaomi ecosystem, CUKTECH has built strong expertise in GaN technology, CUK circuit architecture, and adaptive fast-charging systems, ensuring industry-leading performance, efficiency, and safety. The brand’s products have received international recognition, including the iF Design Award and Red Dot Award, and are available in markets such as South Korea, Singapore, the United States, and Europe.
Availability
The CUKTECH 30 Ultra Charging Station is now available through the official CUKTECH store on Shopee Vietnam, offering local consumers a next-level desktop charging solution.
Arabian Post Staff -Dubai Abu Dhabi Fund for Development has unveiled a new financing push aimed at reshaping how water projects are funded and delivered across developing economies, signalling a shift towards larger-scale capital mobilisation and technology-led solutions. The initiative, branded as the Abu Dhabi Global Water Platform, sets out to mobilise $2 billion from domestic and international financiers to back projects that improve water access, […]
Binance has revised how it presents proof of reserves data, changing the display to show a clearer one-to-one backing of customer balances after incorporating platform-held assets and liabilities into its calculations. The update addresses long-running questions from users, analysts and regulators about how reserve ratios are derived and whether headline figures accurately reflect the exchange’s ability to meet withdrawals under stress. The crypto exchange said the revised […]
Arabian Post Staff -Dubai Turkish Airlines has broken ground on a broad package of infrastructure projects valued at more than 100 billion lira, signalling a long-term commitment to expand capacity, resilience and training as global aviation demand continues to normalise. The carrier said the programme, equivalent to about $2.3 billion at prevailing exchange rates, spans eight new facilities across several locations in Türkiye and is designed to […]
President Donald Trump has unveiled a proposal to bar large institutional investors from purchasing single-family homes from 2026, framing the move as a bid to ease housing affordability pressures and tilt the market back towards owner-occupiers. The announcement, delivered during a campaign-style address, triggered immediate market reactions and reopened a contentious debate over the role of corporate capital in the US housing market. Under the plan […]
Republic of Korea delivered its largest current account surplus ever recorded for a November, underpinned by a sharp rebound in exports led by semiconductors, according to data released by the central bank, reinforcing signs that Asia’s fourth-largest economy is benefiting from a global technology upcycle.
Figures published by Bank of Korea showed the surplus widened markedly from a year earlier, driven primarily by goods exports as overseas demand for memory chips and advanced components strengthened. The milestone November result adds to a sequence of solid monthly balances this year and signals improving external resilience after a period of volatility linked to energy prices and weaker global trade.
Exports rose at a double-digit pace year on year, with semiconductors once again the dominant contributor. Chip shipments, which had slumped during the global downturn in memory prices, rebounded strongly as inventories normalised and orders increased from data-centre operators and manufacturers deploying artificial intelligence workloads. Analysts said demand for high-bandwidth memory and advanced logic chips has been particularly supportive for Korean producers.
The current account surplus, which measures the balance of trade in goods and services alongside income flows, was also supported by a narrower energy import bill. Lower prices for crude oil and liquefied natural gas compared with last year reduced the cost of imports, amplifying the positive effect of export growth. Services remained in deficit, reflecting outbound travel by residents, but the shortfall was smaller than earlier in the year.
Economists link the export recovery to the improving cycle in global technology spending. Korean chipmakers, led by Samsung Electronics and SK Hynix, have benefited from rising prices for dynamic random-access memory and NAND flash products, as well as from long-term contracts tied to AI infrastructure. Both firms have announced higher capital expenditure plans focused on advanced memory and packaging technologies, moves that are already filtering through trade data.
Beyond semiconductors, shipments of automobiles, machinery and petrochemical products also contributed positively. Vehicle exports remained robust despite softer demand in some advanced economies, reflecting competitive pricing and the growing popularity of electric and hybrid models produced by Korean manufacturers. Machinery exports gained from infrastructure and energy projects across the Middle East and parts of Southeast Asia.
Income from overseas investments added another layer of support. Dividend and interest receipts from Korean companies’ foreign assets increased, offsetting profit repatriation by foreign firms operating domestically. This helped keep the overall current account firmly in surplus despite the persistent services deficit.
Policy makers view the November outcome as confirmation that the economy is on a steadier footing. The central bank has previously signalled that a sustained export-led recovery would ease pressure on monetary policy, even as it remains cautious about household debt and property-market risks. A strong external balance also provides a buffer against currency volatility, a concern earlier in the year when the won weakened amid global interest-rate uncertainty.
Still, officials and analysts warn that risks remain. The export outlook is closely tied to the durability of the global technology rebound and to geopolitical developments that could disrupt supply chains or dampen investment sentiment. Slower growth in major trading partners or renewed trade frictions could weigh on momentum in coming months. Services exports, particularly tourism, have yet to return to levels seen before the pandemic, limiting diversification of the external balance.
Arabian Post Staff -Dubai Sharjah Public Libraries has drawn its centennial programme to a close after a year of events that traced a century of public access to knowledge in the emirate, ending with a children’s puppet theatre performance at the Heart of Sharjah and creative workshops at Kshisha Park. The finale brought together families, educators and cultural practitioners, reflecting the institution’s long-standing focus on literacy, learning […]
Discord has taken a decisive step towards becoming a publicly traded company, confidentially filing paperwork for an initial public offering that could come as early as March and valuing the platform at about $15 billion, according to people familiar with the matter. The move places one of the world’s most influential online communities at the centre of a tentative revival in technology listings after a prolonged […]
Brussels has directed European Union regulators to compel X to retain internal records linked to its Grok chatbot through the end of 2026, widening a probe into allegations that the tool surfaced antisemitic material and generated non-consensual sexual content. The preservation order, issued under the bloc’s digital rules, is designed to prevent the loss or alteration of documents while investigators assess whether safeguards were adequate and whether […]
SharpLink has moved $170 million worth of Ether into restaking arrangements on Linea, using Anchorage Digital as its custody and staking partner, signalling a calculated effort to extract yield from a growing corporate Ethereum treasury while leaning on regulated infrastructure to manage risk. The deployment represents a defined slice of SharpLink’s wider Ethereum holdings, which the company has disclosed at about $2.7 billion in value. By placing […]
Solana Mobile plans to distribute its long-awaited SKR token on January 21, marking a significant step in the company’s effort to build a self-contained mobile ecosystem around blockchain applications. The token will be airdropped to users of the Seeker smartphone and to developers participating in Solana Mobile’s app environment, according to an announcement made on Wednesday. The launch places Solana Mobile at the centre of a growing […]
Investment to expand robotics research and development, strengthen production readiness, and advance Primech Holdings’ facilities management operations
SINGAPORE – Media OutReach Newswire – 8 January 2026 – Primech Holdings Ltd. (Nasdaq: PMEC), a technology-driven facilities services and robotics company, today announced a $4.0 million strategic investment from WELLE Environmental Group Co., Ltd. (SZSE: 300190), reinforcing Primech’s acceleration into autonomous robotics, AI-powered cleaning systems, and scaled global facilities operations.
The investment highlights growing market confidence in Primech Holdings’ long-term growth strategy and its expanding role at the intersection of autonomous robotics and technology-enabled facilities services. Leveraging the deep operational expertise of its facilities services subsidiary, Primech A&P Pte. Ltd., alongside its robotics subsidiary, Primech AI Pte. Ltd., the capital will support accelerated robotics development, enhanced production capabilities, and the continued commercialization of Hytron, Primech’s flagship autonomous restroom cleaning robot.
“This investment validates the momentum we are building across autonomous robotics and intelligent facilities operations,” said Ken Ho, Chairman and Chief Executive Officer of Primech Holdings. “Partnering with WELLE strengthens our ability to scale faster, deploy more broadly, and execute on the growing demand for AI-powered automation in real-world environments. We are entering 2026 with a clear strategy, strong execution capabilities, and the capital to accelerate growth across international markets.”
Proceeds from the investment are expected to be deployed to expand robotics research, development, and production capacity, strengthen operational and manufacturing readiness, and support broader deployment of Hytron across commercial environments. The investment will also bolster working capital to support the continued expansion of Primech Holdings’ core facilities management business.
The transaction further deepens the strategic alignment between Primech Holdings and WELLE, building on their previously announced cooperation initiatives in robotics and intelligent operations. By combining Primech’s autonomous robotics platform and facilities expertise with WELLE’s environmental technology footprint and operational scale, the collaboration is positioned to accelerate intelligent automation and sustainable infrastructure solutions across industrial and commercial markets.
Additional details regarding the investment are included in Primech Holdings’ Form 6-K filed with the U.S. Securities and Exchange Commission on January 6, 2026.
Hashtag: #Primech
The issuer is solely responsible for the content of this announcement.
About WELLE Environmental Group Co., Ltd.
WELLE Environmental Group Co., Ltd. (300190.SZ) is a technologically advanced enterprise specializing in energy conservation and environmental protection. With strong core technical capabilities and continuous innovation, WELLE operates across environmental governance and bioenergy sectors, including food waste and kitchen waste resource utilization, high-concentration wastewater treatment, biogas and biomethane development, and biofuel production. With extensive project experience and diversified application scenarios, WELLE is committed to promoting energy efficiency, carbon reduction, and circular resource utilization.
About Primech AI
Primech AI is a leading robotics company dedicated to pushing the boundaries of innovation in technology. With a team of passionate individuals and a commitment to collaboration, Primech AI is poised to revolutionize the robotics industry with groundbreaking solutions that make a meaningful impact on society. For more information, visit www.primech.ai. About Primech Holdings Limited Headquartered in Singapore, Primech Holdings Limited (Nasdaq: PMEC) is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond. For more information, visit www.primechholdings.com.
Forward-Looking Statements Certain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.
Porsche Carrera Cup Middle East will stage its opening rounds of the 2026 season at Dubai Autodrome on 24 and 25 January, bringing one of the region’s most competitive one-make racing championships back to the United Arab Emirates after an interval away from the circuit. The event will be hosted by Porsche Centre Dubai and Northern Emirates, part of Al Nabooda Automobiles, and is expected to draw […]
Arabian Post Staff -Dubai Las Vegas — Yarbo used CES 2026 to sharpen its pitch that outdoor maintenance can be handled by a single, adaptable robot rather than a shed full of specialised machines. The company presented updates to its modular “yard robot system”, arguing that advances in onboard intelligence, perception and autonomy are bringing the category closer to everyday household use rather than niche early adopters. […]
ADNOC Drilling has formally entered Oman’s onshore drilling services sector, marking a strategic expansion beyond its core home market after completing the purchase of a controlling stake in a land-rig joint venture with SLB that operates six rigs in the sultanate. The move positions the company to participate more directly in Oman’s upstream development plans at a time when regional producers are prioritising operational efficiency, drilling intensity […]
VinFast’s breakout year, capped by its 200,000th vehicle and growing presence from India to the Middle East, shows how Vietnam is rewriting its industrial reputation, with electric cars leading the charge.
HAI PHONG, VIETNAM – Media OutReach Newswire – 8 January 2026 – On the final day of 2025, VinFast’s Hai Phong manufacturing complex ended the year at full throttle, rolling off the 200,000th vehicle from its production line. For Vietnam’s first and only global carmaker, the number capped off a year of achievements that highlighted Vietnam’s growing capability as a manufacturing hub.
VinFast’s Hai Phong manufacturing complex ended the year at full throttle, rolling off the 200,000th vehicle from its production line.
For more than a year, VinFast has led Vietnam’s car market, outselling brands that once defined what success on four wheels looked like, a welcome change in a country long used to importing its automotive identity. VinFast vehicles are now part of daily traffic as commuter cars, family haulers, and long-distance companions, judged and praised with the same standards buyers apply to Japanese, Korean, or German imports.
Scale, however, tells only part of the story. In the same year, VinFast revealed a far more technical project: the Lac Hong 900 LX, an armored electric vehicle certified to meet the VPAM VR7 ballistic protection standard. Very few automakers globally can build vehicles at that level of protection, and even fewer can do so with a fully electric platform.
Outside Vietnam, over the past two years, VinFast has pushed into North America, Europe, Asia, and the Middle East. Notably, in 2025, three new plants came online, one in Vietnam and two more in India and Indonesia. The Indian factory in Tamil Nadu entered a market famous for thin margins and even thinner patience. It is not a place that waits politely for newcomers to find their footing. Yet by December, just months after starting sales, VinFast had risen to become India’s fourth largest EV brand, prompting one Indian outlet to note that its market entry “proved to be a huge success.”
Much of VinFast’s momentum, across every market it has entered, comes from how it thinks about ownership. Rather than treating sales as an endpoint, the company tends to enter markets with an entire support system designed to remove local anxieties. In regions where electric vehicles still prompt practical questions, those details carry weight.
VinFast VF 8 model in UAE.
The Middle East offers a clear case. There, the VF 8 is positioned as a premium midsize electric SUV, supported by policies designed to reduce hesitation. Buyers receive a ten-year or 200,000-kilometer vehicle warranty, a ten-year unlimited-mileage battery warranty, and five years of free servicing, along with mobile service units, round-the-clock roadside assistance, and guaranteed parts availability.
For many buyers in the Middle East, Vietnam was not previously associated with car manufacturing, an image VinFast is steadily undoing for a country long thought of mainly as an exporter of rice and shoes. Beyond the vehicles themselves, that kind of normalization may be VinFast’s most lasting export.
There was a time when cars from South Korea were treated as a punchline in Western markets, but those jokes have not aged well. Vietnam’s turn is arriving in a different moment, shaped by electrification and fewer fixed ideas about who belongs in the global auto club. And this time, nobody is laughing.
BlueFive Capital has been appointed as the first General Partner for a newly established fund-of-funds created by CICC Capital, marking a strategic partnership that brings together global asset management expertise with Chinese industrial capital. The mandate also reflects the involvement of HBIS Group, one of the world’s largest steelmakers, whose industrial priorities will shape the investment direction of the vehicle. The fund-of-funds structure is designed to deploy […]
Arabian Post Staff -Dubai Abu Dhabi’s Ethmar International Holding has partnered with Guggenheim Brothers Media to launch a multi-million-dollar investment fund aimed at backing emerging media and technology companies, positioning the venture at the intersection of capital, content and digital innovation. The new fund, announced by the two groups, is designed to provide growth capital to early- and mid-stage firms developing technologies and platforms that serve film, […]
Arabian Post Staff -Dubai Economic momentum across the UAE is building faster than earlier projections, with gross domestic product expected to expand by about 5% this year, outpacing the global average and reinforcing the country’s position as one of the strongest performers among emerging and developed markets alike. The revised outlook reflects resilient trade flows, deep banking liquidity and sustained expansion across non-oil sectors that have insulated […]
SINGAPORE – Media OutReach Newswire – 8 January 2026 – MOONTON Games, the international video game company behind Mobile Legends: Bang Bang (MLBB), has announced a multi-year strategic partnership with 1Play, a rising brand in youth-focused cultural collectibles. As the Official Trading Card Partner of the M7 World Championship (M7), 1Play will roll out a multi-year lineup of M Series collectible cards that pays homage to the tournament’s qualified teams. Featuring M Series teams, players, key competitive moments and more, the launch aims to enrich the MLBB Esports experience by allowing fans to relive the tournament’s legacy through physical collectibles.
1Play and MOONTON Games Introduce First Official M Series Trading Card Collection in Multi-Year Strategic Partnership
Designed to bring fans closer to the competitive action, the partnership extends MLBB Esports engagement beyond viewership. Through the collectible cards, the title’s passionate fanbase will be able to connect with the M Series, its teams, and its players both during and outside of tournament periods.
According to Esports Charts, MLBB emerged as 2024’s most popular mobile esports title with over 475 million Hours Watched (HW). At the heart of the MLBB Esports circuit stands the M Series, the title’s flagship international tournament. Uniting players and fans from across the world, the M Series has become the main competitive stage for the world’s best MLBB teams and a driver of the game’s global esports ecosystem. In previous editions, the M6 and M5 reached 4.13 million and 5.06 million Peak Concurrent Viewers (PCV) respectively. The tournaments ranked ninth and sixth amongst the most-watched esports events of all time, according to Esports Charts. Backed by millions of viewers and a seven-year legacy of competitive excellence, the M Series has established itself amongst the biggest names in global sports and entertainment.
Just as trading cards have been a cornerstone of fan culture in traditional sports such as the National Basketball Association (NBA), English Premier League (EPL), and the FIFA World Cup—the MLBB Official Trading Card collection brings this longstanding tradition to MLBB Esports. It celebrates the game’s competitive excellence while giving fans a tangible way to connect with the M Series, commemorate iconic moments, and honour the players who define its legacy. Its launch also extends a global, time-honoured collectibles tradition into MLBB Esports, creating a new avenue for the community to engage with the tournament beyond the screen.
Through this partnership, MOONTON Games and 1Play will introduce the M Series’ first official trading card system, which includes:
All 22 participating teams and all players competing at the M7
A premium lineup of Player Signature Cards, Jersey & Materials Cards, and Match Moments Cards
Two flagship product lines for the M7: the Super Series and the Elite Series
Fans will be able to purchase the collections through 1Play’s official platforms and participate in offline retail experiences, pop-up events, card-trading sessions, exclusive onsite drops, and other interactive activities at future M Series editions. By integrating digital touchpoints with offline engagement, the partnership aims to strengthen the presence of MLBB Esports in global mainstream culture through an immersive collectibles experience for fans.
At the same time, as 1Play’s key strategic retail and offline experience partner across Southeast Asia and other core markets, OH!SOME will establish a long-term and stable collaboration framework with 1Play, playing a deep role in the overall planning and ongoing development of offline showcasing, retail infrastructure, and fan engagement experiences for the official M Series esports trading card collection. 1Play and OH!SOME will work closely across product presentation, spatial design, and user experience, jointly defining new standards for esports collectibles within offline consumer and cultural spaces.
With over 180 stores across Asia—including Indonesia, Singapore, Thailand, Hong Kong of China, Malaysia, Vietnam, Cambodia, and the Philippines—OH!SOME has developed into a beloved and widely recognized regional retail brand. Leveraging OH!SOME’s established regional retail network and its strategic presence in major urban consumer hubs, 1Play will collaborate with OH!SOME to advance the rollout of offline experiences. Fans will be able to purchase, showcase, and engage with official 1Play card packs and trading cards at selected OH!SOME locations, achieving an explosive market presence for M Series collectibles across core cities.
Adrian Cher, Global Head of Partnerships, MLBB Esports at MOONTON Games, said: This partnership with 1Play marks a strategic step in how we extend MLBB Esports beyond the screen and into the everyday lives of our fans. As trading cards gain renewed traction among younger audiences, this partnership allows us to connect with the next generation through an avenue that reflects their interests and self-expression. By bringing the M Series into physical collectibles, we’re not only enriching the M7 experience, but also reinforcing MLBB’s place alongside traditional sports ecosystems where memorabilia plays a central role in fan culture. The upcoming collectibles launch reflects our long-term commitment to building MLBB Esports as a global sports and entertainment IP.”
AnJie, Founder & CEO of 1Play, said: “1Play is dedicated to creating collectible items that resonate with young audiences and express cultural identity. Our partnership with MOONTON Games represents a milestone in the development of esports collectibles. We aim to build a defining collectible ecosystem for this era—one that allows every fan to record their passion, celebrate their heroes, and collect the moments that matter.”
The 1Play × M Series Official Trading Card Collection is scheduled to launch during the M7, with its first edition dedicated to the tournament. Additional experiences—including team collaborations, onsite exclusives, signing sessions, and community-driven fan events—will be rolled out to further expand the cultural reach of MLBB esports.
Aldar Properties PJSC, Abu Dhabi’s largest property developer and real estate asset manager by total assets, has appointed a syndicate of global and regional banks for a planned US dollar-denominated hybrid notes issuance, a move that underscores the company’s intention to strengthen its capital structure while retaining balance-sheet flexibility. The company, which carries a Baa2 rating with a Stable outlook from Moody’s, has mandated Citi as sole […]
Google has extended its partnership with Xreal, elevating the China-founded augmented reality specialist to lead hardware collaborator for Android XR as the two companies work towards launching consumer AR glasses in 2026. The move signals a sharper push by Google to translate its advances in artificial intelligence and spatial computing into a mass-market wearable, while positioning Xreal at the centre of a growing Android-based ecosystem. The alliance […]
Tackle rising business costs and trade barriers with a unified digital platform for Free Trade Agreements as well as build stronger economic partnerships.
Bridge AI adoption gaps by co-funding shared data pools and introducing a regional “Trusted AI” mark to drive innovation and governance.
Future-proof the workforce with targeted work visas for global experts, job transformation roadmaps, and advanced leadership programmes.
SINGAPORE – Media OutReach Newswire – 7 January 2026 – KPMG in Singapore and the Singapore Institute of Directors (SID) are pleased to announce the release of a joint Budget 2026 Proposal, titled “Prospering in a New Global Landscape”.
From Left to Right: Yong Jiahao, Partner, Infrastructure, Government & Healthcare (IGH) & Industrial Manufacturing, Tax, KPMG; Ajay Kumar Sanganeria, Partner and Head of Tax, KPMG; Lee Sze Yeng, Managing Partner, KPMG; Max Loh Khum Whai, Vice-Chair, Singapore Institute of Directors; Edwin Lee, Deputy CEO, Singapore Institute of Directors
By fostering resilient economic linkages, embedding digital trust, and cultivating world-class talent and leadership with cross-domain expertise, Singapore can ensure its businesses and economy remain secure, innovative, and competitive in an uncertain global landscape.
This Proposal outlines strategies to position Singapore as a critical hub for global flows, covering three crucial areas:
A new global order: Resilience as a pivotal growth strategy
The Intelligent Age: Smart solutions for an innovative era
The recommendations in the proposal are also supported by data-driven insights from a survey recently conducted by KPMG and SID. More than 1,000 professionals, managers, executives and technicians (PMETs) and business owners were surveyed on the challenges they face and the kinds of Budget 2026 support they hoped to see. [For more information, please refer to the deck with the full survey results: https://kpmg.com/sg/en/campaigns/kpmg-singapore-budget.html ]
Empowering businesses to leverage Singapore’s trusted role as a global connector
Global commerce is rapidly transforming amid rising protectionism, shifting trade rules, evolving tax regimes, and geopolitical tensions. Singapore’s long-term prosperity in the new global order depends on its ability to lead as a trusted connector and aggregator of the flows of goods, capital, data, and talent.
Singapore must strengthen its economic linkages, build secure and interoperable digital platforms, cultivate a workforce equipped with cross-domain expertise, and equip boards with essential skills to navigate emerging risks and opportunities. Trusted and resilient economic linkages will ensure the seamless movement of goods, services, and investments, while interoperable digital platforms will play a critical facilitation role in enabling cross-verification of information, streamlining compliance, and fostering trust across borders. These efforts are especially important in helping businesses cope with shifting regulations. KPMG and SID’s survey found that 51 percent of respondents identified increased business costs as the main challenge to cross-border expansion, followed by higher tariffs (26 percent) and supply chain difficulties (25 percent). To address these challenges, 43 percent of respondents want stronger economic and trade partnerships to overcome trade barriers.
KPMG and SID recommend:
a) Developing a unified digital platform for Free Trade Agreement (FTA) management (page 7) to help businesses navigate complex procedures and unlock the full benefits of FTAs. This would be seamlessly integrated with government systems, making it more seamless and cost-effective for businesses to comply with FTA requirements. This would enable firms to leverage Singapore’s extensive FTA network to gain footholds in new markets, further enhancing Singapore’s regional and global competitiveness.
b) Increasing access to working capital to accelerate local enterprises’ strategic transformation and implementing industry-specific governance frameworks (page 7). With geopolitical shifts driving a more complex regulatory landscape, increased and dedicated funding would enable businesses to transform for the future while responding effectively to evolving governance standards. Such funding should be complemented by industry-specific governance playbooks to equip boards with essential tools to strengthen agility and resilience.
c) Enhancing Singapore’s government-backed trade platform with blockchain and AI (page 6). The global economy has seen an increase in supply chain disruptions amid geopolitical and trade uncertainties. An enhanced Government-backed trade platform would enable Singapore to further facilitate the flow of trusted payments, making it even easier for businesses to validate transactions and act on smart recommendations to elevate supply chain efficiency. Amid a more fragmented world, the enhanced platform would also reinforce Singapore’s position as a reliable hub for global commerce, by promoting increased supply chain transparency for critical industries like semiconductors, pharmaceuticals, and advanced manufacturing.
d) Introducing progressive carbon taxes to reward decarbonisation and establish performance-based pathways for large emitters (page 9). Singapore’s carbon taxes must evolve to consider unique business needs and companies’ decarbonisation plans. Progressive carbon tax rates post-2030 – based on facility emissions volume, emissions per unit of output, and sectoral abatement potential – could be accompanied by permanent conditional tax rebates for energy-intensive, trade-exposed sectors. These rebates could be based on set criteria such as verified year-on-year reductions in carbon intensity and investments in low-carbon technology. To strengthen these efforts, Singapore could also establish an ASEAN Environmental Data Exchange to facilitate the sharing of standardised and interoperable environmental data between Singapore and its regional trade partners (page 8). The exchange would improve the flows of green trade and green capital, enabling Singapore to be a regional hub for environmental data harmonisation. Organisations like the Singapore Institute of Directors could play a catalytic role by building board-level capability, aligning disclosure expectations and promoting best practices through director education, guidance frameworks and peer learning on a regional scale, helping boards to lead initiatives like progressive carbon taxation.
Fostering an ecosystem of Trusted AI in the Agentic Era
The rise of artificial intelligence (AI) is reshaping global competitiveness, with agentic AI—capable of autonomous decision-making—introducing both transformative opportunities and significant challenges. While agentic AI can drive innovation, optimise operations, and unlock new efficiencies, it also raises critical concerns around accountability, ethical deployment, and governance.
A critical enabler of AI’s potential is data sharing, yet this often proves difficult due to competition, concerns over intellectual property, and a lack of trust between organisations. Businesses—particularly smaller enterprises—also face cost constraints in accessing high-quality data, and many also lack the strategic clarity and workforce competencies to identify where AI can augment their operations.
KPMG and SID’s poll found that 54 percent of respondents cited talent and skills gaps as the top challenge for adopting AI, followed by high costs of technology adoption (52 percent) and a lack of clear AI adoption strategies (48 percent). By addressing these concerns, Singapore will be able to fully leverage the vast potential of AI and data to reinforce its status as a hub across various sectors.
KPMG and SID recommend:
a) Co-funding sector-specific shared data pools in partnership with trade associations and industry stakeholders (page 15). These shared, anonymised data pools would enable businesses to access high-quality datasets without incurring prohibitive costs. Tailored to specific sectors such as logistics and retail, these pools would facilitate benchmarking, model training, and experimentation under a trusted framework that safeguards data privacy and protects intellectual property. Shared data initiatives should be paired with guided AI adoption support to help businesses understand how AI can enhance specific parts of their value chain. For example, targeted support could help logistics firms optimise supply chains or assist retailers in leveraging AI to personalise customer experiences. This dual approach would enable broader AI adoption and accelerate innovation across industries.
b) Enhancing the public-private partnership (PPP) framework to accelerate AI adoption (page 15). As firms navigate high costs and limited guidance around AI adoption, there is an opportunity for the Government to provide greater access to infrastructure to lower barriers for AI experimentation and deployment. The enhanced framework would create positive spillover effects from existing AI initiatives, as government agencies, academia and industry stakeholders collaborate to strategically integrate AI solutions into business strategies. The framework could also promote cross-sector collaboration in key industries, fostering a culture of open innovation in AI. To bolster digital trust, Singapore could also establish a regional “Trusted AI” mark to drive harmonisation and innovation (page 12). Although Singapore’s Model AI Governance Framework provides a strong foundation for responsible AI deployment, there is still a largely untapped opportunity for Singapore to champion an assurance label that shows firms have AI controls aligned with recognised AI governance standards. By pushing regionalrecognition of this mark, Singapore could accelerate cross-border innovation and trade. The mark would build on initiatives like AI Verify and Project Moonshot, which have helped to promote Trusted AI in Singapore.
c) Supporting hands-on AI governance training for board members and executives (page 13) through a dedicated fund. This would complement existing SkillsFuture programmes which focus primarily on AI awareness, by expanding the emphasis to address strategic and operational gaps at the leadership level – covering ethical deployment, change management and cross-domain applications.
Building globally relevant leaders with cross-domain skills
To fulfil its role as a hub for global flows, Singapore must enable its businesses to navigate a complex web of governance requirements, trade rules, tax policies, and tariffs. While compliance with governance standards will bring higher upfront costs, it also provides a foundation for businesses to lead in innovation and competitiveness. For instance, businesses that embrace sustainability compliance can innovate in areas like green finance, carbon accounting, and environmental data exchange.
Yet, none of this is possible without specialised talent and leadership. Singapore needs professionals and board leaders with expertise in areas such as supply chain management, AI governance, and sustainability strategy. These individuals must be able to connect the dots across domains, such as linking data governance with trade compliance or integrating sustainability goals into business operations. The need for enhanced talent development also emerged from KPMG and SID’s survey findings. Forty-nine percent of respondents want more skills development and upskilling courses. Meanwhile, 42 percent hope for more support for workforce transformation and job redesign, such as higher grants. In addition, 37 percent of respondents want more leadership and management development initiatives, especially in the areas of mentorship and coaching for emerging leaders and advanced leadership programmes.
KPMG and SID recommend:
a) Creating a dedicated work-pass category for “master trainers” and mentors (page 18). The work-pass would encourage international professionals to join local companies, public agencies and training institutions to lead structured upskilling or leadership development programmes. This would accelerate skills transfer, expose workers to global best practices, and build a robust pipeline of talent capable of driving strategic transformation and competitiveness in a rapidly evolving global landscape. Structured leadership development programmes could also include peer-sharing platforms (page 21) aimed at promoting transformation training among C-suite leaders. Backed by the public sector and industry stakeholders, such platforms could foster the exchange of best practices, promote collective learning on key sustainability capabilities and empower leaders to proactively redesign roles and workflows ahead of market shifts.
b) Setting up job transformation roadmaps with co-funded training and certification initiatives (page 19) tied closely to sector-specific needs. As rapid technological developments shape industry demand for skills, job transformation roadmaps would be beneficial in outlining sector-specific disruptions, challenges and opportunities. These roadmaps could be accompanied by industry-recognised certification, and programmes backed by both the public and private sectors. Tailored to sectoral needs, certifications could help to assess whether workers have acquired the necessary skills to perform in transformed roles, especially in fast-evolving sectors where traditional qualifications may no longer suffice.
c) Establishing a $100 million fund to advance social impact reporting (page 9). As Singapore pursues long-term resilience, it must also ensure that economic growth is sustainable and inclusive. The fund could be used to train professionals and board directors in the reporting of social metrics, support academic modules in social sustainability and certify social auditors and advisers. It could also be complemented by broader efforts to enhance environmental, social and governance (ESG) competencies among businesses’ top leadership. Singapore could establish a national registry of certified sustainability committee members (page 20) who can be matched to boards and committees across sectors. This would help to expand access to qualified board resources, especially for local enterprises.
Lee Sze Yeng, Managing Partner, KPMG in Singapore, said:
“Leadership today isn’t just about mastering AI or acquiring specialised skills—it’s about navigating the intersections of cross-border trade, technology, and sustainability. To remain competitive, leaders must move beyond the basics, using AI and data to drive real business outcomes while building governance frameworks that inspire trust. At the same time, they need the courage to take calculated risks and collaborate across ecosystems to unlock new opportunities. Initiatives like co-funding sector-specific shared data pools and guided AI adoption support are critical to overcoming barriers and equipping leaders with the tools to thrive. As disruptions grow increasingly cross-border and cross-domain, Singapore’s ability to cultivate leaders who can turn complexity into opportunity will define its success as a global flows hub.”
Ajay Kumar Sanganeria, Partner, Head of Tax, KPMG in Singapore, said:
“Singapore’s position as a global hub—connecting trade, data, and capital—offers businesses significant opportunities to grow and compete globally. Grants and platforms are vital enablers, but they must be part of a broader solution that simplifies complexities and empowers businesses to focus on innovation. Future-ready approaches, such as managing governance and compliance in a more consolidated or ‘as-a-service’ mode, can reduce burdens on enterprises. A unified digital platform for Free Trade Agreement (FTA) management, enhanced with blockchain and AI, could streamline compliance and unlock the full benefits of Singapore’s FTA network. Co-funded training programmes and shared governance frameworks can further help businesses pool resources and build capabilities. By combining grants, platforms, and smarter ways of working, Singapore strengthens its role as a trusted global connector and equips businesses to lead with confidence in an evolving world.”
Yeoh Oon Jin, Chair, Singapore Institute of Directors, said:
“Singapore’s future as a global hub for connectivity and commerce will be shaped by how boards of directors evolve to lead with resilience and trust. Budget 2026 is an opportunity to strengthen governance frameworks that embed sustainability, cyber trust and accountability into every organisation’s agenda. By empowering directors to champion innovation, sustainability and digital assurance, organisations can grow with confidence while reinforcing Singapore’s position as a secure and trusted connector for goods, capital, data and talent in an increasingly complex global landscape.” Hashtag: #KPMG #SID
The issuer is solely responsible for the content of this announcement.
About KPMG in Singapore
KPMG in Singapore is part of a global organization of independent professional services firms providing Audit, Tax and Advisory services. We operate in 142 countries and territories with more than 275,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.
About SID
The Singapore Institute of Directors (SID) is Singapore’s national association for company directors. Established in 1998, our mission is to transform boards and empower board directors to be champions of good governance. SID works with regulators and partners to serve as the voice for directors and facilitates consultations and feedback sessions on regulatory matters. In advocating for good governance, SID advances thought leadership and benchmarking research and indices on corporate governance and directorship issues.
SID builds competencies and capabilities to enhance boardroom skills of directors for informed decision-making. An accreditation programme serves to set standards for and showcase best practices of good governance. The organisation supports members on their directorship journey with courses, workshops, advanced masterclasses, forum discussions and pit-stops. SID connects and strengthens the ecosystem with initiatives such as mentoring and networking. The Governance for Good Alliance is an initiative by SID to bring together key stakeholders who help advance our vision for every board director to be a champion of good governance.
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