AGP Executive Report
Last update: 8 hours agoCompetition: Taiwan’s regulator blocked Grab’s $600 million purchase of Foodpanda’s local delivery business, saying the deal’s benefits did not outweigh harm to competition. Regional economy: APEC finance ministers meeting in Hong Kong warned that persistent global imbalances threaten growth and stability, as China urged economies to unlock AI’s potential. Southeast Asia’s digital economy is forecast to grow 17% to $368 billion this year, powered in part by AI. AI and business: The IMF says Asia is gaining across the AI supply chain, while OpenAI is extending ChatGPT advertising to markets including Cambodia, Bangladesh and Pakistan. Cross-border investment: Thailand’s AIS plans to buy an indirect 24% stake in Lao Telecom for about US$43 million, expanding its regional reach. Climate risk: The Asian Development Bank warns coastal flood damage across Asia-Pacific could reach US$739 billion by 2100, underscoring the scale of investment needed to protect ports and communities.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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