AGP Executive Report
Last update: 10 hours agoShangri-La Dialogue: US Defence Secretary Pete Hegseth arrived in Singapore and spoke with PM Lawrence Wong, underscoring the long-running Singapore-US defence partnership ahead of the regional security summit. China-US tension at the forum: Australia’s defence minister said China’s decision to send only academics to the Shangri-La Dialogue is a missed chance for “strategic reassurance,” as China’s defence chief again skips the meeting. Korea’s defence diplomacy: South Korea’s defence minister Ahn Gyu-back left for Singapore to attend the summit and hold bilateral talks, including with Japan, with maritime drills on the agenda. Local cost-of-living relief: FairPrice will freeze prices on more than 500 essential items from June 1 to end-August, aiming to keep daily grocery bills stable. AI and jobs: An ESR committee on human capital warned Singapore workers may feel AI disruption sooner, while stressing the need for more “quality jobs” and dignity. Fintech regulation: Coda Payments secured a MAS Major Payment Institution licence, strengthening its regulated payments and transfers business in Singapore. Sports: PV Sindhu and Lakshya Sen advanced at the Singapore Open, while HS Prannoy bowed out.
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