Philippines Faces Hot Money Outflows Amid Global Economic Uncertainty
Amidst a backdrop of global economic uncertainty, the Philippines has witnessed a notable outflow of speculative funds, totalling $805 million in the first five months of the year. As hot money investments decrease and concerns over inflation and interest rates persist, international investors reevaluate their positions. Despite these challenges, key sectors such as banking, food and beverage, and property continue to attract investments. With the Bangko Sentral ng Pilipinas (BSP) implementing measures to stabilize the economy and inflation, the country’s economic outlook remains cautiously optimistic.
The growing popularity of flavorings will drive more deals!
Investors are following their instincts. Azelis, a company owned by EQT that manufactures personal care fragrances and food flavorings, rose 13% on its market debut in Brussels on Friday. First, at the moment of the ranking, the company, which also manufactures chemicals for home appliances and also glues and sealants, was valued at more than […]
Diageo sees an increase in margins as new bars and restaurants open!
Diageo Plc (DGE.L), a leading global beverage alcohol manufacturer, announced on Thursday that it has had a “strong start” to its financial year and that it expects sustainable operating profits to rise as restaurant and bar sales in North America and Europe recover. Nonetheless, it expects short-term uncertainty to persist, citing African, Asian, and Latin […]
Nestle and Starbucks extend partnership to ready-to-drink coffee
Food giant Nestle (NESN.S) and U.S. coffee chain Starbucks (SBUX.O) are extending their partnership to launch ready-to-drink coffee beverages in markets across Southeast Asia, Oceania and Latin America, the two partners said.
‘Flying off the shelves’: Primark sales soar in reopened markets
Primark’s sales exceeded pre-pandemic levels and management expectations in its latest quarter as stores reopened after COVID-19 lockdowns and consumers splashed out to update their wardrobes.
European shares fall on inflation, pandemic woes
European shares fell on Wednesday as worries about rising inflation and the Delta variant of the novel coronavirus hit economically sensitive sectors, even as technology stocks tracked an overnight surge in their U.S. peers.
