AGP Executive Report
Last update: 4 hours agoMalaysia’s Investment Push: Budget 2027 is set to back high-value industries, including semiconductors and AI. A RM100 million fund would support semiconductor and advanced-manufacturing firms, while a tax incentive offering a 5% rate for up to 30 years aims to draw regional headquarters and service hubs. UK Innovation: Business and university leaders welcomed plans for £1 billion in support for innovation clusters, but warned that devolving funding must not fragment the country’s research strengths. Energy Costs: A University of Johannesburg study found rooftop solar and batteries could cut a mid-sized business’s grid electricity use by 97.7%, while keeping a grid connection for resilience. Payments Dispute: Australia delayed a tax-office ban on credit-card payments after business backlash; small firms are also challenging the government’s case for banning card surcharges. Tax Warning: UK business groups cautioned that higher taxes on banks could push investment and jobs overseas, potentially weakening finance for companies and households.
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