AGP Executive Report
Last update: 10 hours agoAsian Growth: Malaysia’s economy expanded 5.3% in the third quarter, while Singapore grew 5.4%, slowing from 6.2% in Q2. Malaysia is also directing RM400 million to industrial development and co-investment funds, alongside grants to help smaller firms expand. Trade: China and the EU say fresh consultation outcomes will add stability to business ties; US companies are set to lead exhibition space at November’s China International Import Expo for an eighth straight year. US Start-ups: Nearly 535,000 Americans applied to start businesses in September, up 4% from a year earlier and about 1.8 times the monthly pace in 2019. Business Costs: Bank of England Governor Andrew Bailey says firms are absorbing higher energy costs through savings and thinner margins, but warns it is becoming harder to avoid passing costs on to customers.
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