AGP Executive Report
Last update: 7 hours agoSingapore-India Deal Push: Prime Minister Lawrence Wong met visiting Indian ministers ahead of the 4th India-Singapore Ministerial Roundtable, with talks focused on advanced manufacturing, digitalisation, sustainability and connectivity. Maritime & Food Safety MoUs: India and Singapore signed MoUs and a LoI to deepen cooperation on maritime heritage, food safety, telecom and broadcasting regulations. JC&C Exit in Singapore/Malaysia: Jardine Cycle & Carriage agreed to sell its Cycle & Carriage automotive distribution and retail operations in Singapore and Malaysia to Indonesia’s Chandra Asri Pacific for about S$265m cash, plus up to S$30m earn-out, with a projected disposal gain of about US$221m. Hormuz Shipping Stress: Strait of Hormuz crossings fell to seven commodity ships on Thursday, as US-Iran tensions keep supply risks elevated for crude and LNG flows. Oil & FX Spillovers: Oil prices edged up toward a second weekly gain while the dollar wobbled on concerns over US Treasury buybacks and fiscal credibility. AI Hardware in the Region: A Chinese-led team with NUS developed an energy-saving vision chip that converts light into tokens directly, aiming to cut power use and speed up processing. Haze Season Buying Guide: Singapore’s haze task force readiness and PSI monitoring are back in focus, with guidance on choosing air purifiers (including HEPA options) for PM2.5 protection. Asset Management Tax Race: Singapore’s new fund-sector tax and talent incentives are seen as a response to Hong Kong’s carried-interest tax break push, intensifying competition for global managers. Talent Mobility for AI: Singapore’s planned ONE Pass (AI and Tech) track from Jan 2027 is driving renewed attention on how firms attract and retain specialised AI talent. F&B Hiring Pressure: Nearly nine in 10 F&B employers cite cost-of-living pressure hurting hiring and retention, as workers demand pay that keeps up with expenses.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.