Disaster Response: Indonesia lifted its tsunami warning hours after ordering evacuations for northern areas following a 7.8 quake off the southern Philippines; BMKG later reported small waves in at least nine Indonesian locations, with the highest at 0.75m on Sangihe, while residents in Manado, northern Gorontalo and Sangihe were told to move to higher ground. Philippines Quake Toll: The Mindanao earthquake has killed at least 15 and injured 129, with collapsed buildings reported in General Santos and tsunami alerts also reaching parts of the region before being downgraded. Markets & Currency: Investor confidence is wobbling as Indonesia’s rupiah slides and markets rout further; foreign reserves fell to $144.9bn in May, and coverage points to a “doom-loop” risk tied to policy moves. Energy Deal: Eni and Petronas launched a 50-50 gas-focused joint venture, Searah, spanning 14 assets in Indonesia and five in Malaysia, targeting growth beyond 500,000 boe/d and over $20bn in investment. Trade & Food: Saudi Arabia reinstated shrimp import permits for four Indonesian exporters after Cs-137 concerns, while Kopi Kenangan keeps expanding as a homegrown Starbucks challenger. Security: Two Russian nationals were arrested in Bali after a high-speed chase over alleged hashish smuggling.