AGP Executive Report
Last update: 4 hours agoTrade Policy Shock: Singapore will weigh wider trade-offs before seeking lower US tariffs after forced-labour probes; DPM Gan Kim Yong said about S$9.5b of domestic exports to the US (roughly one-third) are affected, with no full exemptions among the 60 economies. SME Growth Debate: In Parliament, WP pushed for SME-led growth and less reliance on MNCs, while PAP said Singapore needs both SMEs and multinationals to reinforce each other. Food Manufacturing Expansion: Olam Agri doubled wheat milling capacity in Senegal to over 360,000 tonnes a year, aiming to strengthen local food manufacturing and food security. AI + Energy for Industry: Amogy and 2G Energy completed an ammonia-to-power test for data center use, targeting flexible power that can scale from near-term needs to longer-term decarbonisation. Legal/Fintech: Binance affiliates sued RedotPay founders for about $473m, alleging diversion of 470,000+ users away from Binance Card via Binance Pay. Professional Services: Linklaters hired Alun Evans to bolster Singapore M&A, while Braddell Brothers added arbitration partner Venetia Tan from CNPLaw. Logistics Earnings: DHL reported Q2 revenue up 13% and EBIT up 30%, citing capacity management and structural cost improvements.
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