AGP Executive Report
Last update: 14 minutes agoFinance & Public Policy: Malaysia’s Islamic finance industry topped an estimated US$800 billion in the third quarter, more than 150% of GDP, though Fitch flagged exposure to market volatility. The government expects targeted fuel subsidies to save RM2.5 billion to RM4 billion a year, with savings directed to assistance programs. Markets: Jio’s debut at a 21.4% premium lifted Reliance Group past Tata as India’s most valuable business group, with a combined market value of ₹28.9 lakh crore. Energy: Ovintiv agreed to buy Canada’s Logan Energy for US$890 million, adding Montney assets and 420 potential oil wells; the deal is expected to close in early 2027. AI & Technology: Indian IT firms could gain from enterprise AI adoption without taking on the heavy infrastructure costs, a brokerage report said. But financing is tightening for AI data-center startups, raising the prospect of neocloud failures and consolidation.
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