AGP Executive Report
Last update: 12 hours agoDiplomacy to cool West Asia tensions: Iran’s FM Abbas Araghchi spoke by phone with Türkiye’s Hakan Fidan, discussing “ongoing diplomatic developments” as Washington pressures Iran and Strait of Hormuz restrictions remain a flashpoint. Markets under oil-and-rate pressure: Asia markets mostly closed lower as Iran risk lifted crude and bond yields, with India’s rupee sliding to a record low near 96.39 per dollar. India’s cost shock spreads: India’s fertiliser subsidy bill is set to rise by about Rs 15,000 crore in the April–June quarter, blamed on import costs tied to the West Asia crisis. Trade corridor boost: Singapore’s SM Lee visited China’s Guangxi as the Pinglu Canal opens in September, cutting shipping distance to Southeast Asia by up to 740km. Capital raising: Bain Capital announced the final close of Asia Fund VI at $10.5b, exceeding its $7b target. Regional spotlight: Amnesty says only Singapore and Vietnam still carry out executions in Southeast Asia, with Singapore nearly doubling executions in 2025. Culture & business: Qatar Airways and Philippine Airlines expand codeshare and loyalty links from June 1.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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