The Monetary Authority of Singapore is working with banks to strengthen GIRO protections, including allowing customers to set monthly limits on transaction amounts and frequency. Enhanced due diligence on billing organisations will also be introduced, following recent incidents of consumers being double-charged.

Every government ministry, agency and statutory board has been directed to implement energy conservation measures, including setting air-conditioning to 25 degrees Celsius or higher, reducing non-essential lighting, and cutting electricity use where operationally feasible. The public is also urged to save energy at home and work.

FairPrice Group will freeze prices on its 100 most popular daily essentials and double CHAS discounts to help Singaporeans cope with rising costs from the energy crisis. The move aims to ensure basic necessities remain affordable, particularly for vulnerable groups.

Certificate of entitlement prices rose across all vehicle categories, with the Category A premium for cars up to 1,600cc climbing 5.5% to $118,000. Strong demand from EV buyers and stock clearance by legacy brands drove the increase, marking the third consecutive round of across-the-board rises.

Grab launched 13 new AI-driven features spanning payments, navigation and travel assistance. These include converting smartphones into contactless payment terminals, an indoor mall navigation system, and a personalised AI travel assistant for cross-border trips across Southeast Asia.

A survey found that fewer than 50% of fresh graduates from private education institutions secured full-time employment in 2025, even as median gross monthly salaries held steady. The tightening job market is making it harder for these graduates to find permanent positions.

Parliament passed the Veterinary Practice Act, creating a new Veterinary Council as the professional regulatory body for vets in Singapore. Errant veterinarians face fines of up to $50,000. MPs also called for greater fee transparency and the possibility of a local vet degree programme.

The Competition and Consumer Commission of Singapore (CCCS) is seeking public feedback on a proposed commercial cooperation between Singapore Airlines and Vietnam Airlines. The tie-up would deepen code-sharing and joint operations on routes between the two countries.

FTSE Russell confirmed Vietnam will be upgraded from frontier to secondary emerging market status in September 2026, placing it alongside China, India and Indonesia. The upgrade follows reforms in global broker access and non-prefunding requirements that aligned Vietnam's market with international standards.

Global jet fuel supplies will take months to normalise even if the Strait of Hormuz remains open under the ceasefire, the International Air Transport Association's director-general warned. Airlines may cut capacity if they cannot sell seats in the coming 3-5 months, as fuel costs remain elevated.