AGP Executive Report
Last update: 11 hours agoSingapore Growth: The economy expanded 5.4% year on year in the third quarter, easing from 6.2% in the previous quarter as manufacturing growth slowed. Malaysia’s Industry Push: Budget 2027 offers RM57 billion in financing guarantees for businesses, while RM1.2 billion is earmarked to help local semiconductor firms move into higher-value work such as chip design. Fraud Costs: IMF chief Kristalina Georgieva estimates digital fraud drains $500 billion to $1 trillion from the global economy each year, and urged countries to coordinate protections as AI expands the risks. Energy Supply: Diesel shortages and high prices could persist into the second half of 2027, the IEA warns, adding pressure on businesses and consumers. Business Cash Flow: In Australia, one in 10 invoices is now more than 60 days overdue, while tax debt defaults rose 20.7% year on year in September. Shell’s Nigeria Exit: Shell has agreed to sell its domestic gas distribution business to local firm Vaaris Energy, ending a 25-year presence in the market.
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