AGP Executive Report
Last update: 11 hours agoBusiness Sentiment: Philippines firms turned more neutral in June as easing oil prices offered brief relief, but worries over tight credit, weak demand and competition stayed. Currency & Policy: Financial Times reports the US Treasury intervened in the yen market by selling euros and buying yen, after Japan’s yen support efforts—raising questions about coordinated moves. Payments & Retail Intelligence: PhonePe launched PulsePro, giving enterprises hyperlocal, near real-time market insights from anonymized transaction data across India. Corporate Earnings: LyondellBasell posted a sharp Q2 profit jump as tighter petrochemical supply lifted margins and it pushed ahead with asset sales. Energy Costs: Philippine power cooperatives warned against scrapping system loss charges without subsidies, saying it could stall rural electrification. Consumer & Food Safety: Amazon faces a class-action over alleged greenwashing in seafood sustainability claims; in New Zealand, consumer groups are alarmed by an Australian probe into food testing and contamination. Housing: New Zealand house prices fell again in July, extending the longest and deepest downturn in decades. Local Business Pressure: Dunedin owners want an open-container “sip and stroll” plan to boost slumping downtown sales.
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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