AGP Executive Report
Last update: 3 hours agoGeopolitics & Energy: Trump says the US is “low-keying it” on Iran, leaning on sanctions, a naval blockade and economic pressure while Hormuz reopening talks with Oman near a final stage—keeping oil prices elevated and markets cautious. Markets: European shares were steady as investors weighed Hormuz risk and a busy data week; in Malaysia, Bursa edged lower with profit-taking, while investors watched ringgit direction and foreign flows. Banking & FX: Bank of Tanzania moves to open government securities to non-resident investors to deepen capital markets and support the shilling; Malaysia’s ringgit seen stabilising as the Fed holds rates. Corporate Moves: Plus500 reported higher half-year core profit on stronger US trading activity and new products; MRCB agreed to dispose of Cyberjaya land to support its data-centre landbank strategy. Policy & Growth: Malaysia’s Economy Ministry targets finishing 2027 development budget screening by mid-August; Philippines central bank pressure to hike eased as growth slows and inflation moderates. Business & Jobs: UK EV makers get new Drive35 funding to protect jobs; South Korea’s AI startup boom lags as STEM entrepreneurship appetite stays low. Local Economy Risks: Ohakune faces another day without tap water, hitting local businesses.
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.
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