AGP Executive Report
Last update: 7 hours agoVolcano Disruption: Indonesia’s Mount Lewotobi Laki-Laki erupted again on Friday, sending ash about 2.5 km high and forcing Maumere airport to suspend operations, disrupting five domestic flights. Currency Shock: The rupiah slid to a record low above IDR 18,000 per US dollar as energy costs bite and lawmakers passed a bill expanding oversight of Bank Indonesia, raising fresh independence concerns. Free Meals Overhaul: Indonesia’s nutrition program is being reshaped for efficiency, with new kitchen construction paused, tighter standards, and a stronger push toward pregnant women, breastfeeding mothers, and children under five—especially in remote areas. Export Rules Clarity: Indonesia reaffirmed business certainty under its one-door export policy for strategic commodities, saying existing contracts can continue if they follow regulations and avoid under-invoicing. Energy Transition Update: Renewable energy’s share in the electricity mix hit 17.89% in April, topping the government target, as coal still dominates generation. Business & Tech: DayOne Data Centers closed a US$4.5b Series C, with Indonesia’s sovereign wealth fund among new investors, to expand capacity in Indonesia and the region.
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