AGP Executive Report
Last update: 5 hours agoFerry Fire Tragedy: Indonesian rescuers intensified the search for missing passengers after the KMP Mutiara Sentosa II blaze off Madura Island left at least 5 dead, with 41 still unaccounted for as officials say the real passenger count may differ from the manifest; 231 people were rescued and evacuated to Surabaya for medical checks. Customs Crackdown: Indonesia’s customs released CCTV of a Malaysian pilot allegedly smuggling about 25kg of ecstasy through Soekarno-Hatta, including claims of concealed packages and a bottle allegedly meant to tamper with urine testing—sparking Malaysia’s review of how the pilot passed airport screening. Inflation Watch: Indonesia’s annual inflation eased to 2.88% in July, led by food and transportation costs, while monthly prices fell 0.14% on lower food prices. Rare Earths Policy: The energy ministry is mapping rare earth concentrations in mineral exports to give investors certainty amid revised rules, with possible separation/refining mechanisms discussed. Housing Push: BP Tapera backed vertical housing to tackle Indonesia’s national housing backlog, especially in land-scarce cities. EV Market: Leapmotor officially entered Indonesia, launching B10 and C10 models and starting local KD assembly with Indomobil.
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