AGP Executive Report
Last update: 6 hours agoLabour Market Watch: Retrenchments in Singapore edged up in Q1 2026 (3,690 to 3,830), mainly hitting manufacturing, financial services and professional services, while unemployment stayed low and vacancies still outnumbered jobseekers, per MOM. Payments Momentum: PwC projects Singapore’s digital payments to jump from $39.37b (2023) to $113.65b by 2030, driven by mobile wallets, cards and real-time transfers, with cashless retail already at ~97% in 2022. AI Talent Demand: PwC finds Singapore’s public sector offers the biggest AI salary premium (107%), with AI job postings rising to 5.3% of all listings in 2025 (about 84,000 roles). E-commerce Logistics: TikTok Shop teams up with uParcel for same-day instant delivery in Singapore for orders placed before 2pm/5pm, targeting fast-moving categories. Data Centres & Capital: ESR-backed China-ASEAN fund invests in Singapore’s Racks Central to build an AI-ready data-centre corridor, starting with a Johor campus phase due in 1Q 2027. Construction Tech: Malaysia’s Works Ministry urges JKR to study Modular Precast System (MPS) to speed building projects, citing efficiency over IBS. Energy Markets: Oil slides to multi-month lows as US-Iran deal progress points to reopening the Strait of Hormuz.
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.