AGP Executive Report
Last update: 23 minutes agoEnergy affordability & policy: In the Philippines, consumer groups and lawmakers are reacting to President Marcos Jr.’s push to amend EPIRA and scrap “system loss” charges on electricity bills—Power for People Coalition calls it overdue but says it doesn’t fix deeper energy problems, while Sen. Kiko Pangilinan backs the move and urges a consumer-first power sector. Utility pricing pressure: Meralco says system loss is inherent to distribution, but it’s open to legislative talks if reforms balance consumer relief with utility financial viability. Household finance: Westpac NZ lifted some housing-related rates after Middle East-driven wholesale cost pressures, while keeping longer-term rates unchanged to give borrowers certainty. Consumer tech & safety: Consumer Reports says induction stoves cook fastest, beating gas and electric in speed tests—plus a reminder that cookware compatibility matters. Food & snacking: pladis (McVitie’s, Godiva, Ülker) targets doubling sales of lower sugar/salt/saturated-fat products by 2030 without sacrificing taste. Retail & fraud: India faces a rise in fake hotel booking sites that mimic real listings and take payments—travelers are urged to verify before paying. Quick commerce leadership: Instamart appoints former Myntra CEO Nandita Sinha as CEO from Aug 3. Consumer markets: European shares were subdued as tech sold off, while Unilever and LVMH gained on earnings. Precious metals trust: GoldRock Metal Exchange earns BBB accreditation, highlighting clearer invoices and delivery/custody roles for buyers.
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.