AGP Executive Report
Last update: 8 hours agoMonetary Policy: CIMB expects Bank Indonesia to raise its benchmark rate by 25 basis points on Oct. 21 as the rupiah weakens and investors weigh a possible index reclassification. The forecast follows a sharp share-market sell-off, with potential passive outflows estimated at $2–3 billion. IPO Demand: Jio Platforms’ $3.2 billion offering drew institutional bids nearly 30 times the anchor-investor allocation, with GIC, BlackRock and Fidelity among interested investors. It would be India’s largest IPO. Gulf Capital Markets: Dubai Investments plans to sell 20% of DIP Holding through a Dubai listing. The company will receive no proceeds because the offering consists of existing shares. Banking Deals: DFCU Financial intends to acquire Florida-based Gulfside Bank, extending its regional footprint. Financial Stability: Albania’s central bank says deposits and electronic payments remain safe after protest damage to branches and ATMs, though some locations have temporarily reduced services. Institutional Investment: Malaysia’s KWAP is exploring opportunities in healthcare and services for older people, while stressing that social purpose must meet commercial return and risk standards.
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