AGP Executive Report
Last update: 8 hours agoPhilippines EV Push: Marcos signed EO 121 to operationalize the P60bn Electric Vehicle Incentive Strategy (Evis), offering up to P15bn per maker for locally producing at least 10,000 units—aimed at positioning the country as a Southeast Asian EV manufacturing hub. India Rupee Support: The RBI’s June capital-flow measures have pulled in about $40.81bn in foreign currency inflows in two months, led by $36.7bn via FCNR(B) deposits, with zero-cost hedging and longer access to government securities. India Energy Buildout: Cabinet cleared PM-SSY, a ₹5,070 crore plan for 5,000 MW of floating solar plus at least two hours of storage per project, targeting dispatchable renewables and lower emissions. India Jobs Formalisation: PM-VBRY completed its first year, using EPFO-linked, tech-enabled delivery to expand formal employment and social security for first-time workers. Japan FX Volatility: The yen briefly strengthened to the 157-per-dollar range after confirmed Japanese intervention, with reports of coordinated U.S.-Japan support. FIFA Governance Shock: Infantino scrapped the plan to sell World Cup stakes to private investors after backlash, with UEFA and AFC/CONCACAF opposition intensifying. South Asia Heat Costs: A World Bank report warns extreme heat is equivalent to 31m full-time jobs lost annually and could cut regional output by nearly 7% by 2050. India-Bhutan Finance: New Delhi and Thimphu reviewed development progress and signed a Rs 4,000 crore concessional line of credit plus expanded health cooperation, approving 12 new PTA projects worth Rs 332 crore.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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