Published August 12, 2026 Updated about 2 hours ago BENGALURU: Singapore stocks raced to an all-time high on Tuesday after the city-state hiked its annual growth forecast on an AI-powered boost, while the Indonesian rupiah and the Philippine peso led regional currencies lower on elevated oil prices. The FTSE Straits Times Index rose as much as 1.3 percent to a record high of 5,774.21 before paring some gains to trade 0.6 percent higher, heading for a third straight session of gains. Singapore raised its 2026 growth forecast to 4.5 percent-5.5 percent from 2.0 percent-4.0 percent on a stronger-than-expected global investment in AI and a smaller drag from geopolitical tensions in the Middle East. The revision comes alongside a GDP expansion of 5.9 percent in the second quarter, higher than advance estimates. Singapore’s dollar was little changed on the day, but remained among the region’s best-performing currencies this year, gaining about 0.4 percent against the US dollar.…