AGP Executive Report
Last update: 9 hours agoMalaysia GDP: Malaysia’s economy is estimated to have grown 5.8% in Q2 2026, up from 5.4% in Q1, led by services (5.4%), faster manufacturing (7.5%) and a mining rebound (10.2%), while agriculture shrank 3.7%. India Banking: Kotak Mahindra Bank posted Q1FY27 net profit up 22.6% to ₹5,480.46 crore, with deposits up 14% and asset quality improving; Punjab National Bank also reported a 3x jump in Q1 net profit to over ₹5,200 crore. Insurance Outlook: Motilal Oswal reiterated BUY on ICICI Prudential Life with a Rs650 target and raised HDFC Life’s target to Rs690, citing strong protection-led new business. Space & Tech: India’s first private orbital rocket, Skyroot’s Vikram-1, successfully reached orbit, boosting momentum for a larger commercial space economy. Trade & Ports: Kerala’s Vizhinjam port will start full EXIM operations from Aug 18, aiming to turn the hub into a full international cargo gateway. Energy & Inflation Risks: Diesel prices topped $5 amid US-Iran tensions, raising fears of broader cost pressure; UK grocery inflation ticked up to 2.6% YoY, with fish prices driving the jump. Policy & Regulation: Luxembourg unveiled a new legal framework for defence production, requiring authorisation and traceability for weapons and components. Africa Labor Pressure: South Africa’s migrant outflow is disrupting services and labor supply, with economists warning of near-term productivity hits.
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