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MAS commits S$220m to accelerate fintech innovation — 1dSingapore’s MAS will invest S$220 million over three years in the fourth iteration of the Financial Sector Technology and Innovation scheme to accelerate fintech innovation, frontier-tech adoption, and talent development. The plan funds six tracks, including AI adoption and infrastructure, and aims to fund at least 1,000 fintech internships to strengthen Singapore’s fintech ecosystem, according to DPM Gan Kim Yong.

Maya Lindstrom Good to see AI infrastructure funding included, Singapore needs to keep pace or risk falling behind other fintech hubs.

Singapore Cabinet Changes Elevate New Leaders — Jul 22, 2026Singapore Prime Minister Lawrence Wong unveiled a cabinet reshuffle aimed at balancing immediate leadership transition with continuity, promoting a new generation while keeping veteran ministers in key roles after recent resignations. Key changes include K. Shanmugam becoming Senior Minister, MTI renamed to METI led by Gan Kim Yong and Tan See Leng, and promotions of Jeffrey Siow, David Neo, Sim Ann, and Ng Chee Meng, with portfolio shifts involving Manpower and Trade and Industry and changes taking effect from late July.