AGP Executive Report
Last update: 2 hours agoMarket Confidence: Indonesia’s stocks plunged nearly 12% after MSCI proposed an unusually severe downgrade that could remove the country from its global indexes, putting foreign investment and rupiah stability at risk. The proposal is not final; officials face pressure to improve market transparency and ownership disclosure before a decision expected in 2027. Domestic Investment: State investment agency Danantara pledged US$5 billion to Indonesian companies amid the market turmoil, while officials called the sell-off a potential long-term investment opportunity. Trade Ties: Indonesia’s Kadin and Senegal’s business chamber signed a pact covering trade, investment, logistics and banking, as Indonesian firms look to expand across West Africa. Energy Projects: Inpex delayed bids for key packages on its Abadi LNG project, which targets a final investment decision around mid-2027. Haze Costs: Singapore issued preventive notices to seven Indonesian firms linked to fires, requiring fire-control measures and raising the prospect of legal action as pollution disrupts businesses and daily life across the region.
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