AGP Executive Report
Last update: an hour agoBanking Credit Pulse (Philippines): Bangko Sentral ng Pilipinas data show bank lending growth slowed to the weakest pace in four months in June, with business loans and household borrowing both cooling, while broad money growth eased—signaling more cautious debt-taking. EV Industrial Policy (Philippines): President Marcos operationalized a P60bn Electric Vehicle Incentive Strategy, offering up to P15bn per maker for models produced locally, as the country positions itself as a regional EV manufacturing hub. Tokenized Securities Push (Ondo Finance): Ondo says its SEC probe is closed and it has FINRA authorization, with BlackRock’s IVV tokenized onchain; it’s now weighing a $250m–$500m acquisition to expand into wealthtech as tokenized markets top $36bn in 2026. Renewables Financing (India): Avaada Group secured about $1.3bn in financing for a 2.15GW renewable portfolio backed by major Indian lenders, highlighting continued bank appetite for utility-linked clean energy projects. Power Sector Reforms (Nigeria): Nigeria’s power ministry says reforms aim to stabilize the grid, improve liquidity, and restore investor confidence, with renewables and net-metering framed as near-term supply boosts. World Cup Finance Backlash (FIFA): FIFA’s private-investor plan faces escalating resistance from UEFA and others; Sepp Blatter warned that selling football’s “crown jewels” risks the sport’s soul, while FIFA insists “nobody is selling football.” Corporate/Market Watch: Westinghouse filed confidentially for an IPO as it eyes nuclear expansion; Lam Research is in talks for up to $1.7bn in Oregon tax incentives to expand semiconductor R&D and operations.
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