AGP Executive Report
Last update: 8 hours agoInflation Watch: The Philippines’ headline inflation eased to 6.2% in July (from 6.4% in June), with transport costs cooling and food prices steady, while the central bank signaled it’s ready to act if pressures persist. Corporate Turnaround: Diageo shares jumped after new CEO Dave Lewis pledged up to $850m in cost savings, aiming to stabilize sales after a tough year. M&A/Pharma: AstraZeneca and Bristol Myers Squibb denied any merger talks, dousing speculation that had rattled AstraZeneca’s stock. Crypto & Markets: Bitcoin hovered near $65,000 as investors weighed macro hopes tied to potential Strait of Hormuz shipping progress, keeping risk assets in a cautious mood. Investment & Growth: Global travel and tourism investment topped $1tn in 2025 for the first time since 2019, with policy support and capital flows driving jobs and GDP. SME Finance: South Africa’s Business Partners launched a R150m SME Youth Jobs Fund to help firms hire 18–35-year-olds, targeting about 1,000 new jobs. Energy & Policy: The Philippines also moved to streamline solar rules for self-consumption, cutting red tape to speed rooftop adoption. Trade Links: Kuwait and Kazakhstan discussed ways to deepen cooperation across trade, economy and food security.
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