AGP Executive Report
Last update: 10 hours agoCapital Markets: Mynt, parent of the Philippines’ GCash, began trading as President Marcos pledged reforms to attract investors. Nigeria also unveiled a 10-year plan to direct savings into businesses and infrastructure, targeting a N750 trillion capital market by 2036. Retail Demand: India’s online retail market is forecast to top $90 billion this year, led by grocery sales set to grow 50–53%, while mobile sales remain subdued. Business Costs: Small firms face a persistent squeeze: input and compensation costs have each risen more than 20% in five years, while many businesses report flat or falling revenue. UK Trading: Wickes posted a 4% rise in third-quarter revenue, driven by 6% retail growth, while building-products group Genuit cut its profit outlook amid weak demand. Jobs and Consumers: Australia’s unemployment rate climbed to 4.7% in September as employment fell by 39,300. Asian economists said the AI investment boom is boosting exports and growth, but its gains have yet to reach consumers.
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