AGP Executive Report
Last update: 7 hours agoHolcim Sale: Switzerland’s Holcim plans to sell its Philippine business to China’s Huaxin Building Materials in a deal worth at least $807 million, with a majority stake sold upfront and the rest divested over the next 3 to 5 years, with closing targeted for the first half of 2027. Power Relief: The ERC ordered Meralco to refund ₱9.51 billion to customers after unauthorized charges, with the rebate to appear as a separate line item on bills once implemented. Inflation Watch: July inflation is seen holding around 6.4% year-on-year as cheaper food offsets higher fuel and electricity costs, keeping pressure on interest rates. Digital Finance Push: The BSP is working to unify Filipinos’ credit information and credit scoring to expand access to loans, including using data from e-wallet payment behavior. QC Local Governance: Quezon City enacted a Cooperative Code to strengthen and standardize support for cooperatives, covering everything from registration to financing and capacity building. Transport Update: The DoTr invited bidders for a ₱563.32-million consultancy and inspection contract for MRT-7, with proposals due Aug. 7. Maritime Safety: The PCG warned vessels to avoid parts of the Cagayan EEZ on Aug. 5 due to possible debris from China’s Jielong-3 rocket launch. Education-to-Work: TESDA is pushing “One Education” to create smoother pathways from basic education to TVET, higher learning, and jobs.
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