AGP Executive Report
Last update: 7 hours agoRegional Investment: The Johor-Singapore Special Economic Zone recorded RM88.83 billion in approved investments through June, with 45% realised and nearly 29,000 jobs projected. Separately, Chinese investors signalled plans to put US$15 billion into Malaysian high-tech, manufacturing and other sectors. AI and Finance: ADNOC will deploy OpenAI’s technology across its operations, while Anthropic’s junior debt is trading at yields above 10% after Blackstone revised its rating outlook to speculative grade, raising questions about the cost of financing its AI build-out. Energy and Industry: OCBC raised its Brent oil forecast to US$100 a barrel by year-end as supply constraints persist. October factory surveys showed manufacturing growth holding up, but rising energy costs and disruptions are squeezing margins. Corporate Moves: Orascom expects to complete its merger with OCI in December, creating an Abu Dhabi-based infrastructure and investment group. LyondellBasell agreed to sell its former Houston refinery to Valero for US$320.5 million. Egypt Financing: The World Bank signed a US$1 billion deal to support reforms as higher oil and shipping costs add pressure to the economy.
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