AGP Executive Report
Last update: 8 hours agoASEAN Industrial Push: Malaysia urged ASEAN to cut “friction” and coordinate supply-chain roles as global manufacturing shifts, pointing to cross-border zones like Johor–Singapore as a model. Philippines EV Manufacturing: Marcos signed an EV Incentive Strategy (EVIS) program to steer time-bound, performance-based tax support for domestic EV production and build an EV supply ecosystem. Malaysia Growth Watch: Malaysia’s Q2 GDP rose 5.8% on stronger manufacturing and services, with electrical and electronics sales jumping 26.4% in May. China Labor-to-Industry: China will expand job support for retired service personnel into emerging sectors including new energy vehicles and high-end equipment manufacturing. Semiconductor Supply Chain: Linde will invest $1B in Arizona to expand ultra-high-purity gas capacity for a leading semiconductor customer, while SEMI reported Q2 silicon wafer shipments up 7.4% year-on-year on AI demand. China Factory Cooling: China’s manufacturing PMI fell to 49.2 in July, with equipment and high-tech still expanding. India Telecom Zone: India plans a telecom manufacturing and research zone in Madhya Pradesh (Gwalior) with a 350-acre cluster aimed at boosting domestic production. Electric Mobility Milestone: Olectra deployed its 4,000th electric bus in India, handing over units to Himachal Pradesh’s HRTC. Commercial Vehicles: EU registrations rose for vans, trucks, and buses in H1 2026, with electrified vans gaining share. Manufacturing Safety Recall: Toyota recalled 2,015 Urban Cruisers in South Africa over a fuel-gauge manufacturing defect that may delay the low-fuel warning. Energy Infrastructure Buildout: Sterling Green Power Solutions inaugurated a Talegaon plant near Pune to make 100–750 kVA diesel generator sets.
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