AGP Executive Report
Last update: 3 hours agoDBS Payments Push: DBS rolled out “tap-to-phone” card acceptance via its MAX app, turning Android smartphones into point-of-sale terminals to help merchants go cash-light faster. AI Finance Hub: Deputy PM Gan Kim Yong urged Singapore to strengthen its position as a trusted AI finance hub, highlighting talent as the next bottleneck. Markets & STI: SGX said the STI ended May up 3.3% (total return), with Sats and Venture leading gains as AI-linked demand and resilient growth supported a record high. Wealth Management Moves: Schroders appointed Sharon Sim as Head of Business Development, Asia, while Mapletree Investments reported FY2026 net profit up 25.7% on lower revaluation losses. Corporate Restructuring: Del Monte Pacific filed a US$1.2b recovery plan after a negative equity trigger tied to its US unit’s Chapter 11. Tech & Commerce: Google expanded virtual try-on across key APAC markets, aiming to make search more commerce-driven. AI Hardware: Nvidia unveiled new chips for “AI PCs” and a largest-ever AI supercomputing system for agentic workloads. Cross-border Trade Tech: A China-Singapore digital trade roadshow in Chongqing linked AEOTrade with IMDA’s TradeTrust for faster cross-border documents.
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.
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