Singapore’s record AI boom unlikely to move central bank, analysts say

Tourists take photos of the skyline while on a bumboat ride along Marina Bay in Singapore in 2023. The city-state's electronics exports grew at an unprecedented pace in August. | REUTERS

By Claire Jiao
Bloomberg

Sep 23, 2026

Singapore’s electronics exports grew at an unprecedented pace in August as the artificial-intelligence boom shows no signs of waning.

While boosting the city-state’s economy, the surge is unlikely to stoke price pressures and push the central bank toward aggressive tightening, according to analysts.

Data released Thursday showed electronics exports last month rose 132% from a year ago. Shipments of personal computers — which include server racks used by data centers — were up 238%, while disk drives climbed 214% and integrated circuits up 91%.

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