AGP Executive Report
Last update: 11 hours agoImpeachment & Finance: In the Philippines, the Senate impeachment court will rule on July 20 whether to subpoena Vice President Sara Duterte’s bank, tax, and AMLC records, after oral arguments where prosecutors said the documents are key to unexplained wealth claims while the defense warned the request is a “fishing expedition” that could breach confidentiality and due process. Semiconductors & AI Capital Spending: Bank of America flagged a new $20 billion opportunity for Nvidia tied to the shift from chatbot training to agentic AI deployments, as investors look for fresh drivers beyond GPUs. Banking Results & Credit Quality: Union Bank of India reported Q1FY27 net profit up 29.6% to ₹5,332 crore, with improved NPA and higher net interest income. Development Finance Leadership: The New Development Bank appointed South African economist Monale Ratsoma as vice-president and chief risk officer, expanding oversight of risk, strategy, partnerships and ESG standards. Market & Policy Watch: Nepal Rastra Bank invited bids for Rs 100 billion deposit collection, while the finance ministry signaled a review of the 10-share IPO policy to curb short-term speculation. Crypto & Risk Sentiment: Prediction markets lifted odds of Lucid filing for bankruptcy, despite the company denying related reports.
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