Edited Transcript of AP.PS earnings conference call or presentation 30-Apr-20 8:00am GMT

Erwin Oropesa

Q1 2020 Aboitiz Power Corp and Aboitiz Equity Ventures Inc Joint Analyst Briefing

Cebu City May 28, 2020 (Thomson StreetEvents) — Edited Transcript of Aboitiz Power Corp earnings conference call or presentation Thursday, April 30, 2020 at 8:00:00am GMT

* David L. Rafael

AboitizLand, Inc. – President & CEO

* Emmanuel V. Rubio

* Francisco Victor G. Salas

* Liza Luv L. Tajanlangit-Montelibano

* Ma. Racquel J. Bustamante

* Manuel R. Lozano

Aboitiz Equity Ventures, Inc. – CFO, Corporate Information Officer & Senior VP

Republic Cement & Building Materials, Inc. – CEO

Aboitiz Equity Ventures, Inc. – President, CEO & Director

Francisco Victor G. Salas, Aboitiz Power Corporation – Investors Relations Officer [1]

Good afternoon to all of our friends out there. I’d like to welcome you all to the first quarter 2020 analysts’ briefing. We’ve come a long way since our first broadcast last March 7, 2017. But as … Read More

Europe’s Debt Reckoning May Mean Tough Choices on Who to Tax

Erwin Oropesa

(Bloomberg) — Europe’s leaders may be united on the need to throw money at economies during the coronavirus crisis, but they have yet to confront how to pay for it all.

That reckoning could force governments across the region into tough choices about where to lay the burden among voters already disillusioned with political establishments — a decade after the global financial crisis presented them with previous bills to settle.

Europe’s austerity experiments since then, from Greece to the U.K., provide cautionary tales of either the economic damage or electoral fatigue that spending cuts can cause. With those bitter experiences in mind, politicians are already fielding questions about tax hikes on either wealth or income — even if they too might threaten to hurt growth.

Alternatives include tolerating higher debts such as Japan does, or perhaps trying to inflict a dose of inflation to erode them away — itself a

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New AI-powered fashion app promises to learn your shopping habits

Erwin Oropesa

The latest bankruptcies of big-name retailers – J. Crew, J.C. Penney, Neiman Marcus – are the most recent example of the epic struggle traditional retail has been enduring for years.

The stay-at home orders and business shutdowns across much of the U.S. forced the issue. Consumers turned to online shopping with stores closed in much of the U.S. According to data from Adobe’s Digital Economy Index, U.S. e-commerce jumped 49% in April, compared to the period in early March before shelter-in-place restrictions went into effect. While online grocery sales drove the bulk of that surge, online apparel sales increased by 34% as prices fell.

The launch of The Yes may be fortuitous. The Yes, launched this month by Julie Bornstein, former COO of Stitch Fix, is an AI-powered shopping platform that gives users a personalized shopping experience.

“We use AI and humans to build an experience that

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