AGP Executive Report
Last update: 9 hours agoIndonesia Finance Shake-Up: President Prabowo sacked Finance Minister Purbaya Yudhi Sadewa and named deputy Suahasil Nazara, stressing a “trustworthy” state budget and keeping the fiscal deficit under 3% of GDP. Fed Watch: Markets are split ahead of the September 15–16 FOMC, with some pricing a hike while many economists expect rates to stay put. Nigeria Energy Pressure: Petrol prices in Nigeria climbed again, with some stations above ₦1,400 per litre, squeezing commuters and raising transport costs; a think tank warns against reverting to universal fuel subsidies, estimating a ₦20tn annual bill. Trade Deals & Tariffs: The US and Mexico are pushing for a pre–midterm trade deal that could cut some US tariffs on autos, while the US also finalized duties on solar imports from India, Indonesia and Laos. E-commerce Rules: Malaysia’s retail lobby wants stricter, more equal cross-border e-commerce surcharges and tighter enforcement against low-value goods and counterfeits. Regional Growth Signals: Xinhua says southern eurozone economies are showing renewed resilience despite a slower eurozone outlook. Smart Consumption Push: China unveiled an action plan to boost smart home demand, including elderly-friendly upgrades and recycling services. Public Procurement Integrity: Philippines President Marcos warned illegal substandard steel may have spread since 2018, as investigations continue. Middle East Trade Routes: Oman said the Strait of Hormuz could reopen soon and urged diversification of energy export routes.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.