AGP Executive Report
Last update: 4 hours agoTemasek & AI Push: Temasek says its FY26 net portfolio value hit a record S$518b, up 10.4%, with gains led by DBS, Singtel and ST Engineering, while it targets AI exposure rising from 6% to as much as 15% by 2031—arguing the “rest 85%” must capture value by adopting AI. Insurance Risk Hub: MAS is consulting on a Protected Cell Company framework to scale alternative risk transfer in insurance, aiming to reduce the need for separate legal entities for each risk programme. Property AML Clarification: URA clarified that enhanced anti-money laundering checks for property developers should be risk-based—aimed at higher-risk buyers like foreign PEPs—rather than blanket scrutiny. Payments Expansion: Xendit integrated the Philippines’ Dragonpay, building a unified payments network across the region while keeping Dragonpay’s local brand and leadership. Energy & Shipping Watch: Trump declared the US-Iran interim deal “over,” driving oil up and markets down; separately, Peninsula and Itochu launched an ammonia bunkering venture for European ports. Singapore Talent & Legal Services: Clyde & Co hired ex-KWM ASEAN energy co-head David Phua to expand Singapore’s energy, construction and critical minerals practice. Brand Trust Signal: Ogilvy’s APAC Believability Index found 92% of Singapore consumers quietly disengage when brand believability drops, with proof and credibility driving purchase decisions. Space Cooperation: Japan’s JAXA and Singapore’s NSAS signed a space-sector cooperation memo in Tokyo, including quantum satellite communications.
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.