AGP Executive Report
Last update: 9 hours agoCorporate Moves: Merck will sell its contract manufacturing business to Lonza for a mid-triple-digit million-euro sum, with completion expected in 2027. Business Finance: The IFC and EBRD are investing a combined $200 million in Banque du Caire’s IPO to expand lending; Malaysia says redirecting RM5 billion in loans to water projects has cut losses from cancelled pipeline schemes to RM3 billion. Costs and AI: UPL says restructuring and moving jobs to service centres helped cut employee costs 15% year on year. In India, 75% of surveyed business leaders say AI has yet to deliver returns that justify its cost. Economic Outlook: Malaysia’s central bank is expected to hold its key rate at 2.75% this week, though one forecast sees a rise to 3% early next year. Small-Business Policy: Scottish Labour is urging the government to match England’s expanded business rates relief, while eThekwini mayoral candidates promise faster permits and digital tracking to encourage investment.
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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