AGP Executive Report
Last update: an hour agoMarkets: AI financing concerns sparked a sharp sell-off in South Korean and Japanese shares, though the rout eased later as US stocks recovered. Regional outlook: The IMF expects Asia-Pacific growth to cool through 2027 and urged central banks to stay alert to inflation. It also advised Malaysia to broaden its tax base and better target subsidies to build fiscal buffers. Trade: Malaysia is pushing toward a US$30 billion trade target with Thailand in 2027. Bilateral trade reached RM85.08 billion in the first seven months of this year, up from RM66.95 billion a year earlier. Finance: Islamic Development Bank chairman Muhammad Al Jasser said Islamic finance could mobilise more long-term capital for ASEAN infrastructure, energy and digital investment. Corporate: SkyCity agreed to sell Auckland’s Grand Hotel for US$124 million, with proceeds set to reduce debt and strengthen its balance sheet.
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
