AGP Executive Report
Last update: 2 hours agoMalaysia’s 1MDB Bill: The government has recovered RM31.3 billion but has paid RM42.5 billion toward 1MDB commitments; without further recoveries, RM20.1 billion in obligations remains. Kuala Lumpur is pursuing assets and drafting tougher governance rules for state-linked entities. Markets and Rates: Stocks fell worldwide as bond yields climbed, while fresh US data — cooler inflation and weaker hiring — has complicated the Federal Reserve’s earlier case for another rate hike. Energy Supply: IEA members backed releasing about 100 million more barrels from reserves, with diesel prioritized amid tight markets. Trade Policy: The US and 14 economies agreed to work together on excess manufacturing capacity, targeting practices they say distort markets. Business Outlook: Canadian small-business owners remain cautious: only 7% plan significant growth or diversification, with taxes a leading barrier. Israel’s Economy: GDP has grown nearly 10% since the war began, and leading stock indexes have surged, despite heavy military costs and international pressure.
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