AGP Executive Report
Last update: 11 hours agoPhilippines Anti-Smuggling Push: The Philippine National Police is stepping up surveillance and coordinating with ASEAN partners to target cigarette smuggling, citing seizures worth over P10 billion since late 2025 and raids on illegal manufacturing sites. South Korea Heat Emergency: Yangsan hit a record 42.5°C as a heatwave persists, with authorities issuing higher-level disaster response and urging people to avoid outdoor activity. China Flood and Landslide Toll: Heavy rain in Gansu’s Dingxi area has lifted flash-flood and landslide deaths to 25, with more injuries and ongoing rescue and hazard checks. Japan–US Yen Action: Japan is set to issue a joint statement with the US over coordinated steps to curb the yen’s slide, after Tokyo’s intermittent intervention and reports of US support. China–India Investment Friction: India approved just one Chinese FDI proposal (₹1 crore) but cleared 13 Hong Kong proposals (₹610.42 crore), reflecting continued prior-approval rules for land-border investors. China Finance Openness: China’s central bank says it will expand cross-border yuan payments and offshore yuan support in H2, while tightening capital-flow monitoring. Business Deal: Holcim agreed to sell its Philippines unit to China’s Huaxin for about $807m, marking a major exit from the market. Tech and Chips: Moonshot says it has access to around 20,000 Nvidia chips via Alibaba cloud arrangements, as AI competition intensifies under export limits.
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.
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