Indonesia–Philippines/ASEAN Connectivity: Maybank unveiled its next-generation Maybank2E platform to streamline regional business banking, cash management, trade finance and FX under one login, targeting SMEs to corporates across borders. Energy & Commodities: Eni and Petronas launched the Searah joint gas venture spanning Indonesia and Malaysia, starting with 300,000 boe/d and aiming for 500,000 boe/d within three years, backed by a $6bn revolving credit facility and $20bn+ investment plans. Trade Policy: The US USTR proposed Section 301 tariffs on imports from 60 economies over forced-labor concerns, with Indonesia included at a proposed 10% or 12.5% rate depending on progress, opening a comment window until July 6. Macroeconomic Pressure: Moody’s warned a stronger US dollar will test South and Southeast Asian corporates, though most rated firms in Indonesia, India and the Philippines still have buffers; the Indonesian rupiah slide remains a key risk channel. Food & Consumer Policy: Indonesia removed Minyakita from the food aid program, shifting distribution to traditional markets while keeping it under the DMO scheme. Sustainability & Environment: Telkomsel rolled out an integrated ESG strategy aligned with Telkom Group’s GoZero net-zero target by 2060, while Norway launched an ASEAN blue-economy collaboration in Jakarta and World Oceans Day highlighted MPAs now covering 10% of oceans. Humanitarian/Disaster: A 7.8 quake hit southern Philippines, killing at least 32 and displacing tens of thousands, with tsunami warnings affecting parts of the region.