AGP Executive Report
Last update: 7 hours agoRupiah Under Pressure: Indonesia’s rupiah slid past the key 18,000 per US dollar mark as surging energy costs hit sentiment, while lawmakers approved a bill expanding Bank Indonesia’s mandate toward economic growth—raising fresh independence concerns. Central Bank Overhaul: Bank Indonesia says it will issue technical rules to reflect the wider growth-focused mandate after parliament passed the sweeping financial system law. Export “One-Door” Policy: Indonesia reaffirmed business certainty under its one-door export policy for strategic commodities, saying signed contracts stay valid if they meet reporting rules and avoid under-invoicing. Nickel Policy Shock: Chinese investors behind Indonesia’s nickel boom are scouting longer-term alternatives in Africa as policy pressure and centralised export plans reshape the investment model. Digital Infrastructure Funding: Singapore-headquartered DayOne Data Centers secured a final US$4.5b Series C, with Indonesia’s sovereign wealth fund among new investors, to expand capacity in Indonesia and the region. AI Retail Push: JumpStart raised Series C funding to scale AI-powered vending machines across Indonesia, targeting wider partnerships and new product formats. Climate Warning: NASA flagged a broad Pacific warm-water swell as a sign a Super El Niño may be imminent, with potential knock-on effects for regional rainfall and heat. Forced-Labour Tariffs: The US proposed up to 12.5% tariffs on imports from 60 countries over forced-labour claims, with trading partners pushing back.
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