AGP Executive Report
Last update: 2 hours agoCorporate Governance Probe: Sri Lanka’s Nuwara Eliya district will set up an audit committee to investigate alleged DS-office financial irregularities from 2023-2026, including alleged fraud tied to Aswesuma beneficiaries and whether relief payments (Cyclone Ditwah, Samurdhi COVID allowances, and senior support) reached eligible recipients. Market Mood: Nepal’s NEPSE slid 0.24% over Aug 10-14, with turnover down 14% and market cap losing about Rs7bn, as investors stayed cautious. Diaspora Capital Rules: Nepal is moving toward allowing NRN-linked joint ventures to raise up to 85% of paid-up capital via foreign-currency IPOs, pending Cabinet approval. Policy on Skills Funding: Malaysia’s Kesuma is seeking Cabinet approval to convert PTPK Skills Development Fund financing from loans to grants to ease TVET student burdens. AI Spending Outlook: Goldman Sachs projects global AI investment near $1tn in 2026, rising to 1.4% of GDP by 2028. Cross-Border Finance Competition: Singapore is leaning on AI capabilities to retain investment managers as Hong Kong pushes tax incentives. Investment & Risk: Reuters reports German firms cut US direct investment to a three-year low in H1 2026 amid tariff uncertainty. Data Center Finance: Nvidia is reportedly in talks to invest up to $3bn in SoftBank’s SB Energy for an OpenAI Ohio data center buildout. Capital Markets: India’s Horizon Industrial Parks raised ₹1,167.75 crore from anchor investors ahead of its Aug 17-19 IPO. Insider/Investor Actions: Rosen Law Firm issued new securities class-action lead-plaintiff deadline notices for Bloom Energy and Avis Budget.
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