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AGP Executive Report

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Maritime Tensions: China’s coast guard and military carried out “law enforcement” and combat-readiness patrols near Taiwan and the disputed Scarborough Shoal, after Japan and the Philippines moved toward maritime boundary talks—Manila and Taipei rejected Beijing’s claims. Regional Security: At the Shangri-La Dialogue, the Philippines said it remains under “severe threat” from China, while ASEAN defence ministers stressed upholding UNCLOS transit passage through key corridors like the Straits of Malacca and Singapore. Undersea Protection: Seventeen countries, including Brunei, launched voluntary guidelines to defend critical underwater infrastructure such as telecom and energy cables, aiming for shared norms and faster crisis response. Defence Deals: India’s defence chief said Vietnam has already signed for BrahMos cruise missiles and Indonesia’s deal is in the final stages. Islamic Finance Watch: Fitch said the Philippines’ Islamic finance market is still small, even as ASEAN’s overall Islamic finance tops $1 trillion—highlighting room for growth beyond the region’s current leaders.

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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May 18, 2026

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