A roundup of key developments across the Asia-Pacific region on Tuesday, including a major financial agreement, a military drone crash, and Google’s first engineering center in Southeast Asia.

Japan and Malaysia Sign Third Bilateral Swap Arrangement

Japan and Malaysia have signed their third bilateral swap arrangement (BSA), with a swap amount of up to 6 billion U.S. dollars, as the two countries seek to deepen financial cooperation and strengthen regional financial stability, according to a joint statement on Tuesday. The agreement was signed between the Bank of Japan (BOJ), acting as agent for Japan’s Minister of Finance, and Bank Negara Malaysia (BNM), effective Sept. 18, 2026.

Japan’s Global Hawk Drone Presumed Crashed Over Sea of Japan

The Japan Air Self-Defense Force’s (ASDF) Global Hawk unmanned aircraft that went missing on Tuesday afternoon over the Sea of Japan is presumed to have crashed, local media reported. Kyodo News cited the ASDF as saying that photos of debris floating in the sea off the western prefecture of Tottori led it to conclude that the reconnaissance aircraft had crashed. No damage to ships in the area was reported.

Google Cloud Opens First Southeast Asia Engineering Center in Singapore

Google Cloud on Tuesday opened its Singapore Engineering Center, a product development hub in Southeast Asia and the company’s first engineering center in the region. The company said in a statement that the center brings together software engineers specializing in artificial intelligence (AI), AI infrastructure, data, computing, machine learning, networking and storage, as well as frontline support.

Japan PM Takaichi to Reshuffle LDP Leadership and Cabinet

Japanese Prime Minister Sanae Takaichi, who also heads the ruling Liberal Democratic Party (LDP), announced Tuesday that she will reshuffle the party’s executive lineup on Wednesday and her cabinet on Thursday, Jiji Press reported. The announcement was made at a meeting of LDP executives held at the party’s headquarters in Tokyo.