AGP Executive Report
Last update: 11 hours agoMalaysia’s Public Finances: The government estimates the remaining 1MDB burden at RM20.1 billion after RM31.3 billion in recoveries; it has paid RM42.5 billion, with RM8.9 billion in guaranteed notes still due through 2039. It also plans RM1 billion in 2027 to redeem sukuk early and support Tabung Haji, subject to its finances. SME Costs: Malaysia says employers’ 2% EPF contribution for foreign workers balances social protection with business costs. Since the rule began in October 2025, 78,129 employers have contributed for 1.75 million workers; 86% are SMEs. Islamic Finance: Malaysia retained its lead in Islamic finance development for a 14th straight year as the global market grew 9% to US$6.5 trillion. Company Results: Strong corporate results helped lift stocks. SAP reported record quarterly revenue, Nestlé beat sales forecasts, and Abbott plans to spin off its nutrition business in a deal valued at US$8.5 billion. UK Business Climate: Inflation rose to 3.5%, while firms face a £1.1 billion business-rates increase next April and calls for a freeze.
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