AGP Executive Report
Last update: 8 hours agoIslamic Finance Push: TNG eWallet operator TNG Digital launched its first Islamic financing product, ASB Financing with CIMB, letting users make structured monthly commitments toward Amanah Saham Bumiputera via the app. Banking Capital Markets: Dukhan Bank issued a $500m perpetual non-call 5.5-year Fixed Rate Resettable Additional Tier 1 Sukuk at a final 6% profit rate, tightening yields and drawing heavy demand. Trade & FX Strategy: Sri Lanka signaled a shift from aid toward market access, while also strengthening trade and investment ties with China through the China–South Asia Exposition 2026. Deal Watch: IDBI Bank disinvestment momentum returned as Fairfax India Holdings submitted a revised $5bn-scale bid, with a possible completion window by September. UK Consumer Protection: The UK’s Air Travel Trust hit a record £355m after Atol Protection Contributions rose, with trustees letting a £75m overdraft lapse. Investor Legal Deadlines: Class actions were filed for Verra Mobility (VRRM), PicS (PICS) and ADMA Biologics (ADMA), each with lead-plaintiff deadlines in early August. Terror-Finance Crackdown: The US sanctioned a Lagos-based ISIS financier and multiple bureaux de change; Nigeria’s government then ordered banks to freeze assets of terrorism-linked entities. Market Signals: Gold slipped below $4,000 as a stronger dollar and shifting rate expectations weighed on precious metals. Corporate Finance: Worley shares fell after a second profit warning in two months tied to the Middle East conflict. Tech & Investment: Amazon pledged up to $48bn in India through 2030 for AI infrastructure, small business digitization and jobs.
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