Gan Kim Yong

The latest news and top stories on Gan Kim Yong, Singapore’s Deputy Prime Minister and Minister for Trade and Industry, a role he assumed in 2021. He also chairs the Monetary Authority of Singapore. With a background in engineering and a career spanning the civil service, private sector (including CEO of NatSteel), and various ministerial portfolios such as Health and Manpower, he brings extensive experience. His responsibilities include driving economic growth, fostering trade relations, and advancing initiatives like expanding the Johor-Singapore Special Economic Zone. He notably co-chaired the COVID-19 Multi-Ministry Taskforce and has focused on healthcare, manpower policies, and developing Singapore’s digital and green economies.

Gan Kim Yong

Rising costs in Singapore spur business migration as regional alternatives rise

Analysts say the economic gains could come with trade-offs, such as increasing income inequality between skilled and unskilled workers.

Why Singapore wants to become the world’s ‘living lab’ for physical AI

Human intelligence remains critical in AI era: Singapore minister

Solidarity or showmanship? Singapore politicians’ train rides split opinion

Public transport posts by ministers and MPs have drawn praise from some Singaporeans and accusations of ‘wayang’ from others.

Strait talking: Singapore, Malaysia, Indonesia unite to secure safe shipping

Together, the Straits of Malacca and Singapore form the world’s busiest corridor for crude oil and petroleum liquids by volume.

‘Too high a cost’: why some Singaporeans are forgoing parenthood

As the city state battles a record low fertility rate, analysts say deeper anxieties and rising opportunity costs continue to shape decisions.

Singapore strives to stay non-aligned amid US-China rivalry, new conflicts

Foreign minister says the city state must assert its distinctiveness to remain relevant and will not act as a proxy for any major power.

Pritam Singh seeks clarity on Singapore’s public spending as surplus widens

The Workers’ Party chief said ‘public cynicism’ can grow when Singaporeans do not see a clear accounting of how these funds are used.

Who are ‘we’? Why some Singaporeans bristle at ‘we first’ inclusive society call

Several ministers have spoken about a “we first” society, prompting some Singaporeans to question whether it benefits foreigners more.

How Johor-Singapore SEZ is delivering for businesses a year on

While the zone has attracted sizeable investment since its launch last year, experts call for better coordination to ensure seamless operations.

Singapore’s retail ownership data sparks debate about foreign chains’ influence

Some observers warn that public perception could be warped since popular foreign chains in places with high footfall may be more visible.

Singapore urged to expand Johor SEZ to Indonesia to deepen Asean integration

The city state’s business federation and accounting firm PwC Singapore say such a move will ramp up the region’s allure to global investors.

Singapore in 2025: election fever, courtroom drama, pickleball mania

Local politics, tariff concerns, a horrific child abuse case and noise disputes dominate the headlines this year.

Singapore-based AI start-ups draw most funding in Southeast Asia: report

A total of 495 AI start-ups secured US$1.31 billion in funding in Singapore in the first half of this year.

Singapore PM says election win came after ‘very tough’ constituency battles

Lawrence Wong told a party meeting that the May victory was not a landslide, but the results showed ‘we don’t take chances with our future’.

Singapore doubles down on zero tolerance for identity politics

Speaking in parliament, Minister K Shanmugam and opposition leader Pritam Singh disagreed over a preacher’s support for a WP candidate.

Singapore-Johor SEZ attracts US$4.2 billion surge in cross-border investment

Singapore’s trade chief says the special economic zone is a testament to what cooperation, rather than protectionism, can achieve.

Is Formula One’s first night race paying off for Singapore?

The race has remained a ‘strong draw’ for international visitors and continues to deliver substantial returns for Singapore.

Singapore’s drug makers may be shielded from US tariffs: Deputy PM Gan

The city state may pursue a ceiling on tariff rates similar to deals that Washington has with other countries, Deputy PM Gan Kim Yong adds.

‘Don’t judge too quickly’: Singapore defends Asean’s shifts amid China-US row

Vivian Balakrishnan says binary thinking should be avoided, and that Singapore is open to business with all countries.

How Southeast Asia showed its support for China and sent a message to the US

Top leaders from the region attended this month’s military parade in Beijing in a ‘reminder’ to Washington that they have alternatives.

Singapore eyes economic restructuring to counter global trade tensions

The city state launched a broad economic review to tackle competitiveness, and AI, as authorities warn of a looming slowdown from US tariffs.

Singapore dodges recession as economy grows 4.3% amid tariff uncertainty

The faster faster-than-expected year-on-year growth comes despite a weak global outlook and US tariffs, but officials warn of slower growth ahead.

Singapore prioritising pharmaceutical supply chains in US tariff talks

Pharmaceutical supply chains account for more than 10 per cent of Singapore’s exports to the US.

Singapore money laundering: UBS, UOB among banks hit with millions in penalties

Capital market services firms and a trust company also faced hefty penalties for their inadequate anti-money laundering measures.

‘3 is better than 2’: could Indonesia have a role in Johor-Singapore trade zone?

Singapore Trade Minister Gan Kim Yong raises the possibility at a forum of bringing Indonesia ‘to this equation’, pointing to the Batam, Bintan and Karimun island grouping.