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Japan cuts view on economy for first time in 10 months

Markets Reuters Reuters -
Japan's government on Wednesday slashed its view on the economy for November in its first such downgrade in 10 months, as weak demand weighed on capital spending and consumer expenditure.

Union Bank starts offer of new series senior fixed-rate bond

Banking & Insurance Context.ph Context.ph -
Union Bank of the Philippines on Monday started the public offer of its 1.5-year senior fixed rate series F bonds due 2025 and its 3-year senior fixed rate series G bonds due 2026. The offer ends 29 November.

GM’s Cruise robo-taxi CEO resigns from company

Transport & Logistics Reuters Reuters -
The CEO of General Motors' robot-taxi unit Cruise, Kyle Vogt, has resigned from the company a day after apologizing to staff as the company undergoes a safety review of its U.S. fleet.

Small modular nuclear reactor project discontinued in the US

Energy & Mining Context.ph Context.ph -
The push for bring compact nuclear reactors to market stumbled last week as exponents of the clean-energy technology—Utah Associated Municipal Power Systems and listed NuScale Power Corp.-- decided to terminate their decade-old Carbon Free Power Project.

CAB keeps airline fuel surcharge unchanged for December

Transport & Logistics Context.ph Context.ph -
The Civil Aeronautics Board (CAB) has maintained the passenger and cargo fuel surcharge to level 7 for December due to lower jet fuel prices. 
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Monsoon rains dampen 7-Eleven sales; company eyes long-term growth amid challenges 

Corporate 0
Philippine Seven Corp. (PSC), the operator of 7-Eleven convenience stores in the country, has reported a significant dip in sales, by as much as 20 percent, attributed to the incessant monsoon rains experienced over the past two weeks. Despite a strong performance up until July, bolstered by its annual "7-11 day" promotion, the company acknowledges the sensitivity of its sales to adverse weather conditions.

Habagat, TCs Luis & Maymay damage to agriculture sector reaches P1.42B

Agriculture 0
The Department of Agriculture (DA) reported a P1.42 billion damage to the agriculture sector due to the enhanced southwest monsoon (Habagat) and Tropical Cyclones Luis and Maymay, as of August 17. This figure rose from P1.03 billion earlier that day.

BPI eliminates corporate PESONet fees via BizLink to drive business efficiency

Banking & Insurance 0
To boost business operations and lower digital transaction hurdles across the country, the Bank of the Philippine Islands (BPI) has waived all PESONet transfer fees for payments processed through the Pay Non-BPI disbursement feature on its corporate platform, BPI BizLink.

TD SYNNEX expands IBM distribution footprint across Asia Pacific, Europe and Latin America

Communications & Technology 0
Tech Data, a TD SYNNEX company and leading global IT solutions distributor, has announced the expansion of its IBM distribution network. The initiative covers 20 new markets across Asia Pacific, Europe, and Latin America. In the Asia Pacific region, the expansion adds six new markets – Hong Kong, Macau, Malaysia (operating under the Tech Data brand there), Indonesia, Cambodia, and the Philippines. This builds on the company’s existing IBM operations in Australia, India, Singapore, and Vietnam, bringing the total number of APJ markets supported to ten.

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