AGP Executive Report
Last update: 6 hours agoStrait of Hormuz Tensions: Iran reiterated it controls shipping through the Strait of Hormuz and warned Gulf states against siding with the U.S., after a projectile hit a Singapore-registered Evergreen container ship (Ever Lovely) near Oman; the MPA said the damage was minor and the 21 crew were safe, while the IMO paused its evacuation/escort plans amid security concerns. Markets & Tech Selloff: Asian equities slid again as tech-led valuation worries deepened; South Korea’s Kospi plunged about 8% and triggered a circuit breaker, with investors pointing to stretched AI/semiconductor expectations after Wall Street weakness. Trade Bloc Moves: CPTPP members agreed to start preliminary talks to add Indonesia, the Philippines and the UAE, with accession requiring all current members’ consent and applicants meeting tariff and IP standards. Singapore Regulatory Watch: MAS added Hyperliquid to its Investor Alert List for operating without proper licensing/authorisation, signalling continued pressure on unregulated crypto platforms. Workplace Enforcement: A workers’ rights group questioned why MOM acted only after 100 migrant workers complained about months of unpaid wages, highlighting gaps in early warning and enforcement. Regional Energy/Connectivity: Sarawak Energy pushed ASEAN Power Grid progress, including talks on links beyond Borneo and a proposed subsea cable to Singapore.
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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