AGP Executive Report
Last update: 10 hours agoUS Economy: Third-quarter growth hit a brisk 3.4%, but September PCE inflation rose to 3.6% year over year, well above the Fed’s 2% target. The Fed held rates steady, leaving policymakers to balance strong activity against persistent price pressure. Tech Earnings: Microsoft beat forecasts with US$92.3 billion in quarterly revenue as Azure sales jumped 48%; its shares rose more than 5%. Retail Merger: DoorDash agreed to buy Instacart for US$17 billion, in a major grocery-delivery consolidation. Malaysia’s SMEs: The government plans loan relief for pressured small businesses and a bill requiring foreign e-commerce platforms to register locally. Investment and Trade: Sabah is targeting RM100 billion in GDP by 2030, with energy supply and infrastructure key to attracting investors; business leaders say reopening the Tebedu-Entikong route could lower costs and widen markets for firms on both sides of the Malaysia-Indonesia border.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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