AGP Executive Report
Last update: 5 hours agoUS Forced-Labour Tariffs: The US imposed new 12.5% levies on selected exports from Singapore (and 60 economies overall), after finding partners failed to ban and effectively enforce forced-labour import rules; Singapore’s MTI said it is responding and defending its track record. Manpower Leadership: Incoming Acting Minister for Manpower Jasmin Lau outlined worker-focused priorities after the Cabinet reshuffle, including support for vulnerable workers and skills-to-jobs pathways. Finance Reshuffle: HSBC agreed to sell its Singapore life and health insurer to Allianz for about S$2.7bn, alongside a 15-year bancassurance distribution partnership. Transport Enforcement: LTA caught 16 more illegal cross-border ride-hailing drivers, impounding vehicles and renewing calls to use licensed channels. Workplace Claims: Singapore saw salary claims rise in 2025, with most linked to end-of-employment disputes; foreign employees faced higher incidence. Regional Diplomacy: Manila hosted the 59th ASEAN Foreign Ministers’ Meeting, with ministers tackling regional security, the South China Sea, Myanmar and wider conflicts. Sports & Society: Singapore’s Lions opened the ASEAN Championship with a win over Cambodia, while a Singapore court sentenced a woman to 12 years for fatally stabbing her married lover.
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