Daily brief
Indonesia has renewed its production sharing contract with ExxonMobil for the Cepu oil and gas block until 2055, a deal valued at approximately $10 billion. The agreement extends the operation of one of the country's largest oil-producing fields. This long-term commitment comes alongside separate trade decisions, including a plan to import 105,000 pickup trucks from India and a purchase of 1,000 tons of rice from the United States.
Bangladesh's central bank has extended the loan rescheduling period for raw jute exporters to help the sector manage financial pressures.
Chinese automakers are reportedly looking to Toyota's strategy as a model for their next growth push in the competitive Thai market.