AGP Executive Report
Last update: 8 hours agoAI & Economy Beat: Singapore’s economy grew 6% y/y in Q1, driven by strong AI-chip demand even as Middle East risks loom, and the 2026 growth forecast stays at 2–4%. Inflation Watch: April inflation held at 1.8%, while core eased to 1.4% as transport costs rose. Language & Identity: A new IPS study finds more people in Singapore—especially younger residents—are using Singlish more often, including at work. Traffic & Costs: LTA says ERP could return to Orchard Road if congestion worsens, while discounted ERP rates apply at six spots during June school holidays. Tech in Industry: Xerafy and NXP expand RAIN RFID capabilities for manufacturing traceability with UCODE 9xm tags. Land Use Shift: Farmland south of Lim Chu Kang will be zoned for defence, with northern land reallocated for future agriculture. Global Signals: Meta starts laying off about 8,000 staff in an AI overhaul; risk appetite lifts markets on hopes for a US–Iran deal.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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