AGP Executive Report
Last update: 5 hours agoWTO E-commerce Truce: Nineteen WTO members, including Singapore, agreed not to impose duties on e-commerce after talks failed to renew the global moratorium—starting May 8, they’ll keep customs duties off electronic transmissions. Aviation Shockwaves: Singapore Airlines flagged the “full impact” of fuel costs in FY2026-27 as Air India’s record loss of about US$2.8b drags SIA Group profit down 57%, with Iran-linked disruption and airspace bans still biting. Middle East Credit Fears: Asia-Pacific banks are bracing for higher loan-loss provisions as the Iran conflict worsens growth prospects, even if defaults haven’t surged yet. Tech & Identity: Microsoft is pushing passkeys further, while Lithuania’s Axiology hires a former Bank of Lithuania lawyer as CLO to strengthen regulatory readiness. Singapore Business Pulse: Mapletree is planning a near-1m sq ft logistics centre in New Jersey, and Abaxx Exchange hit a new single-day trading volume record above 50,000 contracts. Local Life: MUIS says all 900 Singapore haj pilgrims have departed, with the final 300 leaving for Madinah on May 14.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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