121 views
Photo from Shutterstock

Gov’t pledges more worker support amidst tech shifts, rising uncertainty

This includes increased support for job transitions and skills development.

The government is increasing support for Singaporeans in the job market, including assistance with transitions and skills development, according to Prime Minister Lawrence Wong.

In a YouTube video released by the Prime Minister, Wong said the country’s economy performed well last year, and that labour market conditions remained strong, but acknowledged concerns about jobs amidst rapid technological change and an uncertain external environment.

GDP growth is expected to dip slightly to 2% to 4% in 2026, down from 5% in 2025, according to the Ministry of Trade and Industry.

Separately, a National Trades Union Congress report revealed that over half (56%) of professionals, managers, and executives feel the need to upskill amidst technological shifts as artificial intelligence disruption remains a real concern for workers.

“The government will do more to support Singaporeans in navigating these changes,” Wong said.

He added that further details on the government’s plans would be shared at the upcoming Budget 2026.

Join Singapore Business Review community

Follow the link s for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.