AGP Executive Report
Last update: 3 hours agoConsumer Credit: Philippine consumer bad loans rose 19.6% year on year to ₱227.4 billion by June, while credit-card lending grew 25.3%, prompting banks to tighten checks and collections. Market Turmoil: Taiwan’s tech-heavy stock market fell from fourth to seventh-largest globally after a sharp sell-off tied to concerns about US AI regulation. Business Growth: A Thunder Bay expo connected local suppliers with four mining companies, aiming to turn regional mining growth into contracts for local firms. Retail Pulse: Hungary’s retail sales climbed 4.3% in September, led by non-food and fuel spending; Qatar retailers also expect stronger fourth-quarter sales as tourism and events lift activity. Rates and Jobs: Higher borrowing costs are putting weaker US office properties at risk as refinancing needs mount. Meanwhile, US employers added 165,000 jobs in October and unemployment edged down to 4.1%, signaling continued labor-market resilience. Gold Demand: Central banks bought 321 tonnes in the third quarter, while high prices weighed on jewellery demand.
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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