AGP Executive Report
Last update: 10 hours agoAerospace: ST Engineering won its first Airbus A220 heavy-maintenance contract, extending its regional MRO business. Power Supply: Singapore conditionally approved Sembcorp’s plan to import up to 1.3GW of electricity from Vietnam and Malaysia, combining offshore wind, solar and battery storage, with imports targeted for 2035. Nxera Singapore and Sembcorp are also exploring low-carbon power options for data centres. AI and Innovation: Singapore is investing S$150 million in AI-driven materials research and rolling out initiatives to help businesses adopt AI. Clean Energy: The Government aims to lift solar capacity to 4GWp by 2035, from 2.3GWp today, while updating renewable-energy certificate rules to tighten clean-power claims. Business Conditions: Wilmar’s third-quarter net profit fell 23% to US$281 million amid higher costs and weaker soybean-crushing margins. Singapore’s manufacturing output grew 3.4% in September.
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