S&P 5007,765.36▼0.5% Nasdaq27,193.34▼1.2% Dow51,231.64▲0.1% Russell 2K2,794.13▲0.0% 10-Yr5.23%−5bp VIX15.41+0.33 WTI$91.10▲3.2% Gold$4,157.80▲0.4% EUR/USD1.122▼0.3% BTC$81,907▼1.4% Nikkei70,036▼0.9%
At close · Thu, Oct 8, 2026
Daily Market Updates.

Global Markets

Home›Global Markets›Asia›Singapore to expand pro-family support to cut childcar…

Singapore to expand pro-family support to cut childcare costs

Singapore cited a 0.87 record-low total fertility rate in 2025 and said it will absorb a larger share of childcare and preschool expenses.

Singapore will increase spending on pro-family measures aimed at easing childcare costs, Prime Minister Lawrence Wong said at the National Day Rally, as the city state seeks to reverse a declining fertility trend.

The package includes childcare leave that scales with the number of children in a family, with the government fully covering the bill rather than sharing costs with employers, as well as top-ups to children’s post-secondary education accounts and lower full-day childcare fees in government-supported schools.

Wong said the changes would shift a much larger portion of childcare and preschool costs to the government, describing the effort as one of the best investments.

Singapore’s total fertility rate fell to a historic low of 0.87 in 2025, and the government has formed an inter-agency workgroup chaired by Minister in the Prime Minister’s Office Indranee Rajah to address the trend.

More like this

Sources

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.