AGP Executive Report
Last update: 8 hours agoMalaysia’s Budget: Prime Minister Anwar says Friday’s 2027 budget will pair economic growth with cost-of-living relief and a fairer share of its benefits. Tax revenue rose 9% to RM129.6 billion in the first half of 2026. Saudi Arabia’s Pivot: Falling foreign investment and a higher-than-planned deficit are testing Vision 2030. Riyadh is now prioritising projects with stronger returns as it pursues $100 billion in annual FDI by 2030. Trade Tensions: The U.S. goods deficit widened to $105.6 billion as imports hit a record; India says stalled U.S. trade talks leave little room for compromise. EU lawmakers are also pressing for a tougher response to China’s market barriers. Investment and Rates: Essar-backed Mesabi Metallics is advancing an $18 billion U.S. steel project, while Lunate expects global interest rates to remain elevated well into 2027, keeping borrowing costs high for UAE businesses and households.
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