“If there’s a time to invest in AI and advanced manufacturing, it’s now.”

That was the message from Lennon Tan, President of the Singapore Manufacturing Federation, as Singapore’s Budget 2026 placed AI firmly in focus with plans for a National AI Council and a dedicated mission for advanced manufacturing.

On Industry Insight, The Afternoon Update's Lynlee Foo speaks with Lennon about the realities manufacturers are navigating today — mixed demand, cost pressures, and the growing role of AI inside factory operations. They unpack why upgrading is happening in stages, how firms are moving at different speeds, and what that means for Singapore’s competitive edge.

For more Budget 2026 insights:
https://www.moneyfm893.sg/whats-on/budget-2026/