AGP Executive Report
Last update: 6 hours agoASEAN Summit: Manila is preparing to host regional leaders Nov. 15–17, with Myanmar’s crisis and energy security on the agenda. The Philippines hopes leaders will speed up approval of a regional emergency oil-sharing pact; labor groups warn summit closures could cost workers income. Brazil’s president, Luiz Inácio Lula da Silva, will attend as a guest and seek closer ties with ASEAN. Regional Finance: Central banks in Malaysia, Indonesia, Thailand and the Philippines agreed to promote local-currency payments for trade and investment, aiming to cut conversion costs and strengthen financial resilience. South China Sea: ASEAN and China have agreed on about 70% of a proposed maritime code of conduct, but major issues remain as negotiators approach a year-end deadline. Cybersecurity: The FBI says North Korean hackers stole more than $400 million over 18 months using AI-generated video calls to trick cryptocurrency workers and install malware. China Energy: Beijing plans to lift new energy-storage capacity to 300 gigawatts by 2030, while shifting the sector toward market-based pricing and investment.
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