AGP Executive Report
Last update: 4 hours agoWest Asia Shock Hits Markets Again: Oil jumped after Trump said the US-Iran ceasefire is on “life support”, keeping pressure on the Strait of Hormuz and pushing crude above $105; India’s rupee slid to a record low near 95.6 and stocks opened sharply lower, with IT shares among the biggest drags. India’s Austerity Push: PM Modi renewed calls to cut fuel use, revive work-from-home and delay foreign travel and gold purchases—sparking debate at home as gold imports still hit a record $71.98b in 2025-26. ASEAN Energy Reality Check: ASEAN leaders in Cebu warned climate plans need financing and implementation, while the region’s energy transition is being reshaped by the risk of a second wave of energy shocks. Trade & Tech Crosscurrents: Trump heads to Beijing for talks with Xi as a trade truce is expected to be extended; China’s silicon wafer push adds pressure in the AI chip race. Business Moves: Telenor and Verdane plan a joint structure for Telenor Connexion; dnata appoints Nabil Sultan as CEO from June 15. Travel/Payments: Filipinos get visa-free entry to Paraguay; Singapore merchants lose billions annually from payment failures.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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