AGP Executive Report
Last update: an hour agoEconomic Shock: The IMF now expects West and Central Asia’s economy to contract 0.3% in 2026, reversing an earlier growth forecast as the Iran war disrupts oil exports and shipping through the Strait of Hormuz. Market Jolt: Asian shares fell sharply as fresh competition fears hit chipmakers: South Korea’s Kospi dropped more than 5%, with Samsung and SK Hynix among the hardest hit. Financial Risks: The IMF says struggling “zombie” companies account for 21.4% of corporate debt across 10 Asian economies, up from less than 10% in 2008. China Payments: Visa won preliminary approval to prepare a domestic card-clearing business in China, though it still needs an operating licence to process transactions. Philippines Digital Policy: New ICT Secretary Robert Joseph Montes de Claro says he will review the department’s projects, budgets and procurement, including amid scrutiny of alleged ghost Wi-Fi projects.
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