AGP Executive Report
Last update: an hour agoPhilippines Economy: Growth is likely to slow to about 2.7% in Q2, the weakest pace in nearly two decades, as inflation bites and public infrastructure spending stays hobbled. Power Bills Relief: The Philippines’ ERC ordered Meralco to refund P9.5 billion to consumers via a separate line item, starting next billing cycle. FX Pressure in Nigeria: The naira slid to N1,368.22 per $1 at the official market as foreign-currency demand persists, with reserves and turnover both under scrutiny. Retail Tech Push (Japan): Seven & i Holdings is teaming up with SoftBank, PayPay and others in a $1.88B “phygital” plan to blend store networks with AI payments and loyalty. Capital Markets (Bahrain): Bahrain Clear adopted enhanced rules to modernize clearing, settlement and investor protection across the local market. Housing Watch (Australia/UK): Australia’s property downturn worsened in July as prices fell 0.7%, while UK listings keep highlighting a mix of luxury and countryside demand. AI Chip Crunch: A “RAMaggedon” memory shortage is driving higher prices for laptops and phones, with tight supply expected into 2027-2028. Business Compliance (Kuwait): Kuwait issued a decree-law targeting commercial concealment, aiming to curb unlicensed activity and boost market transparency.
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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