AGP Executive Report
Last update: 25 minutes agoUOB Deal Reshapes Regional Wealth Management: Singapore’s UOB will sell its asset management arm, UOB Asset Management, to Allianz Global Investors for S$555m, with the transaction expected to close in 2027; the deal includes a long-term distribution partnership and covers operations across Singapore, Brunei, Indonesia, Japan, Malaysia, Taiwan, Thailand and Vietnam. Brunei Energy Contract: Subsea7 won a “sizeable” contract (US$50m–US$150m) from Brunei Shell Petroleum for offshore pipeline replacement work, covering EPCI of subsea pipeline and riser systems in water depths up to 50m. Semirara Profit Lifted by Power: Semirara Mining and Power Corp reported first-half net income up 2% to P8.58bn, driven by a stronger power business as electricity sales and selling prices rose. Fertiliser Rebate Returns in New Zealand: Ravensdown posted a return to profit and will pay farmer-shareholders a $15/tonne rebate for qualifying tonnes, after a three-year break. Trade & Markets Watch: Korea said it will review joining CPTPP to broaden export markets, while World Bank coverage flagged AI job risk and urged power-sector reforms and tax-base widening in the Philippines. Brunei-linked Business Exposure: Brunei vendors are set to debut at Hong Kong’s Food Expo, with organisers expecting stronger foot traffic and sales.
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.
Perspectify News
