AGP Executive Report
Last update: 2 hours agoHaze Response: Indonesia and Singapore agreed to form a task force to share information and pursue companies linked to forest fires, after months of toxic haze. Indonesia is also assessing Malaysia’s offer of aircraft, a helicopter and 44 personnel to help fight the blazes. Energy Tensions: Jakarta has cut pipeline gas exports to Singapore by about 9% to meet domestic needs, prompting concern over contracts and regional trust. Trade and Investment: Indonesia is targeting US$33 billion in trade agreements and business deals with the United States this year. Bilateral trade reached US$32.34 billion through August, while US investment hit US$3.4 billion in the first three quarters. Economic Outlook: Unemployment fell to 4.65%, its lowest level since 1994, and Japan’s Inpex moved its US$21 billion Indonesian LNG project closer to an investment decision.
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