ASEAN Plus Business Alliance (APBA) is pleased to share an opinion article published in The Business Times, co-authored by our Co-Chairman, Tan Chong Huat, and Council Member, Tan Poh Hwee, who also serve as Chairman and President of the Asia Academy of Digital Economics (AADE), respectively. The article explores why headline GDP growth may not fully reflect the everyday experiences of businesses, workers and households.

Against the backdrop of Singapore’s strong AI-driven growth, the authors examine the emergence of a two-speed economy, where gains in AI, electronics, precision engineering, wholesale trade and finance are outpacing the productivity growth and margins of many domestically oriented sectors.

The article also considers how targeted digitalisation support, productivity-linked wage measures and greater access for local SMEs to AI supply chains could help translate AI-led gains into broader domestic capabilities and more inclusive growth.

Read the full article in The Business Times here.