AGP Executive Report
Last update: 43 minutes agoMyanmar-linked industrial finance: Highway Holdings (HIHO) shares jumped after its fiscal Q1 2027 results showed revenue rising to $1.999m (from $1.547m), operating income turning profitable ($59,000 vs a $138,000 loss), and $3.9m in cash—while management flagged the loss of a Myanmar-based customer and said it’s shifting toward partnerships and a more product-driven model. Power infrastructure supply chain: Hyrax Oil signed deals to expand Hyrax Estramol ester transformer fluids and industrial lubricants across Thailand, Cambodia, Laos, Myanmar and Vietnam, naming Metson Power as preferred distributor and Eternity Technology Engineering as exclusive technical services partner for retrofilling, training and engineering support. ASEAN diplomacy with trade/energy stakes: ASEAN foreign ministers opened their Manila meeting calling for unity as the Middle East crisis threatens energy and trade; they also plan consultations on Myanmar’s political crisis and South China Sea tensions, with US Secretary of State Marco Rubio and China’s Wang Yi expected to attend. Cybercrime and scams hitting the region: A UNODC report warns Asia-Pacific scam losses in 2025 reached $88.3–$114.1bn, driven by professionalized networks using AI, crypto and franchising-style operations, with Myanmar and Cambodia highlighted among key hubs. ASEAN food trade push: Indonesia says ratifying an ASEAN food safety framework could boost its food trade balance by up to $634.83m by harmonizing standards and lowering compliance costs. Digital connectivity investment: TelkomGroup, Telin, BW Digital and Nongsa Digital Park marked the landing of the Nongsa Changi Cable (NCC) at Batam, aiming to strengthen Indonesia–Singapore connectivity for global markets.
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