AGP Executive Report
Last update: 7 hours agoSemiconductor Investment: Tessolve raised $75 million from US-based Vector Line Capital, its first India investment, to fund acquisitions and expand its chip-engineering business. Banking and Markets: Investors are watching major US bank earnings and inflation data after five leading banks lost a combined $270 billion in market value from their summer highs. Public Finance: Malaysia proposed extending tax breaks for early-stage technology investors through 2030, alongside incentives for business investment in machinery and digital technology. Infrastructure Finance: Standard Bank underwrote the full debt package for a R9 billion Gautrain modernisation programme under a new 15-year public-private partnership. Financial Stability: Sri Lanka’s central bank warned that vehicle and gold-backed lending now account for nearly a quarter of financial-sector credit, exposing lenders to falling collateral values. Global Outlook: The IMF said AI infrastructure spending is helping sustain global growth near 3%, with Asian hardware suppliers among the main beneficiaries.
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