AGP Executive Report
Last update: 5 hours agoSenate Finance Integrity: Philippines Sen. JV Ejercito vowed there will be “no leadership fund” in the Senate finance committee, responding to allegations that senators received budget insertions worth P500 million each via the National Expenditure Program. Digital Finance for MSMEs: At Mindanao’s MinBizCon, fintech partnerships and mobile banking were highlighted as a way to expand MSME financing and digital inclusion, with traditional bank lending still a small share of total credit. Corporate Finance Leadership: Meta Materials Circular Markets (MMCM) appointed Prasad S. Shetty as CFO to strengthen financial discipline as it scales circular economy and carbon market operations. Airline Fuel Shock: Philippine Airlines swung to a $25.1m first-half net loss as jet fuel costs surged, overwhelming revenue growth. Housing Finance Models: Kenya’s affordable housing conference will focus on financing structures—blended finance, development finance, and mortgage liquidity—to widen homeownership access. Renewables Project Debt: Recurrent Energy closed $695m in financing and tax equity for a 330MW California solar project, led by MUFG and Nord/LB. Embedded Lending in Saudi: ShopUp’s SILQ secured $100m for its Fina embedded finance unit to expand merchant working-capital access across Saudi Arabia. Pakistan Digital Finance Push: Finance Minister Aurangzeb urged an enabling framework for electronic transactions, easier onboarding, and better data-sharing between banks and capital markets.
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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