AGP Executive Report
Last update: 6 hours agoFintech Funding Push: MAS will commit S$220m over three years under FSTI 4.0 to accelerate innovation in Singapore’s fintech sector, including co-funding fintech internship stipends for at least 1,000 placements. RIE2025 Impact: Singapore’s inaugural RIE2025 report card shows R&D jobs rising by about a third (2018-2023) and business R&D spending up 64% to S$9b, with more business spending and jobs created in R&D. AI & Data Centres: Singapore is rolling out a first liquid-cooling standard for tropical data centres, as experts flag growing power constraints and the need for better cooling solutions. Cross-Border Payments: UPI is expanding to Uzbekistan via NPCI International’s partnership with Uzbekistan’s NIPC/HUMO, enabling Indian travellers to pay merchants by scanning the UZQR interoperable QR code. Regional Business Links: Malaysians in Singapore are being positioned as “unofficial ambassadors” strengthening bilateral ties, with the Malaysian high commissioner highlighting shared history, economics and family ties. Trade & Supply Chains: ASEAN is calling for more investment in clean energy, digital infrastructure and resilient supply chains as it implements its Asean Community Vision 2045. Markets & Deals: Shein’s Hong Kong IPO is set for Sept 1 after a lower valuation than earlier attempts, while Meta reportedly explored replacing up to 60% of work with AI agents before scaling back.
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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