AGP Executive Report
Last update: an hour agoBanking Crime: FBI says a bucket-hat suspect robbed Commerce Bank in Kansas City just after 2pm, fleeing with an undisclosed amount; authorities are asking the public for tips. Malaysia Finance Reform: Malaysia’s Tabung Haji overhaul heads to tighter rules after a Royal Commission of Inquiry, with proposed TH Act amendments including clearer accounting standards, penalties for misreporting, and possible Securities Commission oversight for fund management. TH Fallout and Bailout: Malaysia’s government says TH was bailed out with more than RM10bn in 2018 to restore solvency, while lawmakers cite specific loss-linked investments, including RM145.3m tied to dealings connected to 1MDB. Sri Lanka Development Finance: Sri Lanka’s Cabinet approved World Bank IDA-backed financing for a US$100m integrated regional programme in the Northern and Eastern Provinces, aimed at MSMEs, connectivity and livelihoods. Sri Lanka Remittances: Central Bank data shows July remittances rose 11.5% to US$777.6m, with currency stability supporting a return to formal transfers. Crypto Regulation (Russia): Bank of Russia allows Bitcoin, Ethereum and Tether for public trading on domestic exchanges, while capping retail purchases at 300,000 rubles per year. Energy Project Finance (Oman/Taiwan): Oman’s 120MW JBB wind project reached financial close under a 20-year PPA, while Taiwan’s Hai Long offshore wind secured a $1.7bn financing package as it nears commissioning. AI/Markets (Goldman): A Goldman executive urged investors to stay invested, citing expectations of no further Fed hikes, easing oil prices and resilient growth. Early-Stage Investing: ACA’s 2026 angel report shows $491.3m in 2025 angel funding (+12%), with capital concentrating in fewer deals and sharper focus on governance and exit paths.
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