AGP Executive Report
Last update: 29 minutes agoFX Stress: MUFG says the Philippine peso is Asia’s weakest link, down 6.6% since late February as US-Iran tensions and higher rates push investors toward safe havens; the peso briefly brushed ₱61.75:$1 while Indonesia’s rupiah also stays under pressure. Capital Markets: Indonesia’s OJK says the Jakarta stock slide is now “more aligned with fundamentals” after reforms and MSCI/FTSE Russell index moves, even as the rupiah hits fresh lows ahead of the central bank’s policy review. Trade & Food Security: Indonesia locked in US$60.3m of deals with China at SIAL Shanghai, while the agriculture ministry points to record rice stocks and exports (including shipments to Palestine and Saudi Arabia). Policy & Budget: Indonesia cuts the 2026 MBG budget by Rp67tn, aiming for efficiency without hurting school feeding coverage. Regional Security/Geopolitics: BRICS confirms Putin will attend the New Delhi summit on Sept 12–13, with a planned Putin-Xi sideline meeting. Volcano Watch: After the Mount Dukono tragedy, Bali’s Mount Batur trail race goes ahead with monitoring and evacuation plans.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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