AGP Executive Report
Last update: 5 hours agoPayments & Leadership: Mastercard reshuffled its Asia Pacific finance and core payments leadership, with Ling Hai appointed CFO (after two years leading APAC/EMEA) and Joyce Bo joining as EVP, Core Payments, as the firm pushes AI-enabled commerce, tokenization and B2B payments. Offshore Energy Tech: Subsea7 won a $50m–$150m Brunei Shell Petroleum pipeline replacement contract, covering subsea pipeline and riser EPCI for offshore assets in up to 50m water depth. Smart Mobility in Brunei: UTB’s Centre for Transport Research hosted an international sharing session on smart mobility for sustainable cities, focusing on traffic management, transportation systems and electric vehicles. Regional Innovation & Energy: ASEAN-Japan DISG Task Force adopted a joint declaration in Bangkok, prioritising supply chain resilience, co-creation of innovation, AI and digital investment, and energy transition. Connectivity for AI: New intra-Asia subsea cable projects moved toward commercial operation, including SEA-H2X (Hong Kong–Singapore links via Hainan/Thailand/Philippines) to support growing AI-driven bandwidth demand. 5G Growth: Ericsson reported global 5G subscriptions topped 3.1 billion in Q1 2026, with Southeast Asia among the fastest-growing regions. EVs in Brunei: Maju Motors launched the BYD ATTO 2, a compact plug-in hybrid SUV, expanding Brunei’s new energy vehicle options.
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