SINGAPORE, May 8 — The Singapore government will inject fresh funds of S$740 million (RM2.2 billion) over the next five years into the Tourism Development Fund, said Minister-in-charge of Trade Relations Grace Fu.
Speaking at the Tourism Industry Conference 2026 today, she said the funding will support Singapore’s ambitions under Tourism 2040, charting the next chapter of growth and ensuring that the republic remains a compelling destination.
Fu, who is also Minister for Sustainability and the Environment, said the government aims to elevate Singapore’s position across three areas, namely a global hub for people, capital, and trade; a world-class city and an endearing home; and a home for resilient businesses with strong human capital.
“While geopolitical events have resulted in supply chain disruptions and rising fuel costs, challenges also present opportunities for us to sharpen our value proposition and competitiveness.
“Singapore Tourism Board (STB) will work closely with the industry to emerge stronger from these headwinds,” she added.
Fu said the city-state welcomed 16.9 million international visitors in 2025, who contributed S$32.8 billion in tourism receipts and helped Singapore achieve a record year of tourism receipts.
“Mainland China, Indonesia, and Australia were our top tourism receipts markets, while long-haul markets such as Germany, the UK, and the USA recorded double-digit year-on-year growth,” she said. — Bernama
