The opening ceremony of the 7th World Forum on Intercultural Dialogue, themed ‘Dialogue for a Shared Future,’ is underway in Baku.
President of the Republic of Azerbaijan Ilham Aliyev is addressing the event.
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The opening ceremony of the 7th World Forum on Intercultural Dialogue, themed ‘Dialogue for a Shared Future,’ is underway in Baku.
President of the Republic of Azerbaijan Ilham Aliyev is addressing the event.
The growing demand for skincare products in Tanzania is changing how cosmetics retailers compete, with consumers paying closer attention to ingredients, product suitability, authenticity and price before making a purchase.
The shift reflects wider access to beauty information through social media, a growing range of imported products and changing expectations about what retailers should offer beyond simply selling cosmetics.
Consumers are increasingly asking whether products suit oily or sensitive skin, whether sunscreens leave a white cast and which ingredients may help address acne, dryness and hyperpigmentation. Such questions point to a market in which product knowledge and reliable advice are becoming increasingly important.
Social media platforms, including Instagram, TikTok and YouTube, have helped bring skincare discussions to a wider audience.
Ingredients such as niacinamide, retinol, ceramides, vitamin C and hyaluronic acid now feature prominently in online beauty content, exposing Tanzanian consumers to products and routines popular in other markets.
The growing interest in Korean skincare illustrates this trend. Brands such as COSRX, Beauty of Joseon, Anua and SKIN1004 have gained attention alongside established international names, including CeraVe, Cetaphil, The Ordinary and La Roche-Posay.
The South Korean Embassy in Tanzania also held a K-beauty masterclass in Dar es Salaam during Korean Culture Week in 2026, reflecting local engagement with Korean beauty products.
However, access to information does not necessarily translate into a better understanding of skincare.
Online recommendations may not account for individual skin conditions, product suitability or the risks associated with combining certain ingredients. Consumers therefore need reliable product information rather than marketing claims and viral recommendations alone.
For retailers, changing consumer behaviour is also influencing how products are presented and sold.
SES Cosmetics, a skincare and beauty retailer based in Upanga, Dar es Salaam, says customers increasingly search for products according to specific skin concerns or ingredients rather than choosing a brand first.
This has raised expectations for retailers to explain product ingredients, intended uses and suitability. A wide selection alone may not be enough to persuade customers who want to compare products and understand how they fit into a skincare routine.
The shift is also changing how beauty businesses use digital platforms.
Instagram and WhatsApp remain important channels for product discovery and customer enquiries, but consumers increasingly expect to check prices, confirm availability and place orders without relying entirely on messages or social media posts.
For retailers, developing e-commerce services alongside physical shops and social media channels offers a way to meet these expectations.
SES Cosmetics is among the retailers combining a physical store with digital shopping channels as customers seek more convenient ways to explore products and place orders.
However, the value of such services depends on accurate product descriptions, transparent pricing and dependable fulfilment.
Product authenticity is another concern.
The growth of online cosmetics sales has widened consumer choice, but it has also made it important for buyers to establish whether products come from reliable sources.
Packaging, expiry dates, seller reputation and product information can help consumers assess what they are buying, although these checks do not guarantee authenticity. Retailers also have a responsibility to source products responsibly and comply with applicable cosmetics regulations.
Meanwhile, international beauty trends must be considered alongside local needs.
Tanzania’s hot and humid conditions can influence preferences for moisturizers and sunscreens, while some consumers with darker skin tones seek sun protection products that do not leave a visible white cast.
Acne, uneven skin tone and hyperpigmentation are also among the concerns shaping demand.
These preferences underline the need for product guidance that reflects local conditions rather than relying solely on routines promoted in foreign markets.
For Tanzania’s beauty industry, the challenge is to respond to consumers who increasingly expect clear information, genuine products, competitive prices and convenient ways to shop.
As the market evolves, retailers will need to compete not only on the brands they stock but also on the quality of their information and the trust they establish with customers.
Barangay Ginebra drew first blood over San Miguel Beer in their 2026 PBA Governors’ Cup quarterfinal series with a 104-95 victory on Tuesday at Smart Araneta Coliseum.
Import Jordan Murphy tallied 29 points, 11 rebounds and four blocks, but the Gin Kings also got a big lift from Isaac Go, who made key plays in the second half to create separation from the Beermen.
Go scored six of his 14 points in the third quarter in perhaps his best performance since a lengthy absence due to a knee injury.
The win was Ginebra’s fourth in the last five games since its campaign was put in jeopardy with a 3-5 record in the group stage.
Ginebra can make it two in a row over San Miguel in Game 2 on Friday at Ninoy Aquino Stadium.
CJ Perez and Don Trollano scored 21 points apiece while import George King added 20 for the Beermen.
Two threes from Go in the last three minutes of the third were among the reasons that momentum swung in Ginebra’s favor.
The Gin Kings ended the period up 76-70 before the lead ballooned to a high of 20 in the fourth.
THE Department of Energy (DOE) said private firms interested to pursue nuclear power projects may tap a potential debt financing framework with the US International Development Finance Corporation (DFC) for up to $5 billion.
‘As I understood it, it is payable for over 25 years. This offer is for the private power corporation desiring to invest in nuclear energy for power generation,’ said DOE Undersecretary Giovanni Bacordo.
The DOE is also coordinating with the Asian Development Bank (ADB) to structure upper-grade credit enhancements, ensuring the project meets strict bankability standards.
‘We engaged with the EXIM, or the Export-Import Bank of the US, regarding their engineering multiplier program, which can assist with feasibility and design services,’ added Bacordo.
The Philippines wants to integrate nuclear energy into the national power mix, targeting 1,200 megawatts (MW) of nuclear capacity by 2032 and scaling up to 4,800MW by 2050. This timeline is heavily anchored on the commercial rollout of small nuclear reactors (SMRs). The agency is looking at locations including Bataan, Batangas, Masbate, Pangasinan, Palawan, and Camarines Norte as potential nuclear sites.
A number of power firms have expressed interest to venture into nuclear power. These include Meralco, Aboitiz Power, San Miguel Power, and Prime Infra, according to DOE Secretary Sharon Garin.
The DOE has also met representatives from the Korea Hydro and Nuclear Power Company Limited, Russia’s Rosatom, Canada’s CANDU, and the Japan Atomic Power Company. ‘This was aimed at discussing nuclear technologies, financing, and project development, as well as workforce training. We want to clarify that this is not just about building a nuclear power plant.
‘We want to bring investments, create quality jobs for Filipino engineers and skilled workers, and open opportunities for local businesses to participate in the global nuclear industry,’ said DOE Director Patrick Aquino.
Finnish President Alexander Stubb and Norwegian Prime Minister Jonas Gahr Støre held a phone conversation with Russian President Vladimir Putin, the Finnish president’s office said.
According to the information, the call focused on upcoming meetings in Abu Dhabi.
The Finnish president’s office noted that Stubb and Støre spoke in their capacity as national leaders and did not represent Europe as a whole.
Stubb described the conversation as “open and substantive,” adding that direct dialogue with Russia was necessary to end the conflict in Ukraine.
Meanwhile, Støre said the talks highlighted the importance of de-escalating the conflict in Ukraine.
Kremlin spokesman Dmitry Peskov also confirmed that the phone call had taken place, adding that the Kremlin was preparing an official statement on the outcome of the conversation.
The conversation marked the first phone call between Putin and leaders of Western European countries since July 2025, when the Russian president spoke with French President Emmanuel Macron.
Fitch Ratings yesterday assigned Asia Asset Finance PLC’s (AAF) proposed Sri Lankan rupee-denominated subordinated listed debentures of up to Rs. 3 billion an expected National Long-Term Rating of ‘A-(EXP)(lka)’.
AAF is rated ‘A+(lka)’ with a Stable Outlook.
The debentures are likely to have a five-year maturity and will be listed on the Colombo Stock Exchange (CSE). AAF plans to use the proceeds to strengthen its Tier 2 capital base, the secondary layer of regulatory capital, and to support loan-book expansion. The final rating is subject to Fitch receiving final documentation that conforms to information already received.
The proposed debentures are rated two notches below AAF’s National Long-Term Rating. Fitch said it applied its Bank Rating Criteria in rating the instrument, as it believes the prudential capital framework for Sri Lankan finance companies is closer to that for banks. The expected rating reflects Fitch’s baseline notching for loss severity for this debt class and its expectation of poor recoveries in the event of default.
Fitch applied no additional notching for non-performance risk, as the debentures do not contain going-concern loss-absorption features, meaning they cannot be written down or converted to equity while the company continues to operate.
AAF’s own National Long-Term Rating reflects Fitch’s expectation that its majority shareholder, India-based Muthoot Finance Ltd (MFL), rated ‘BB+’ with a Stable Outlook, would provide extraordinary support to AAF if needed. Fitch based this view on MFL’s 78.4% shareholding, its record of ordinary equity support, and the strategic and operational alignment between parent and subsidiary in their core product, gold-backed loans.
Even so, the agency assesses AAF’s strategic importance to MFL as limited, given the subsidiary’s small size, modest role and contribution, limited brand sharing and operations in a different jurisdiction. AAF’s standalone credit profile does not drive the rating, and Fitch assesses it as significantly weaker than the support-driven rating.
As the subordinated debt rating is linked to AAF’s National Long-Term Rating, which is in turn driven by expected support from MFL, Fitch said any upgrade or downgrade of AAF’s National Long-Term Rating would lead to a corresponding upgrade or downgrade of the expected subordinated debt rating.
A university degree may help a graduate secure an interview, but it does not always convince an employer that the candidate can perform the job.
Recruiters say employers are increasingly looking beyond academic qualifications to assess how graduates solve problems, communicate, respond to feedback and apply what they have learnt in practical work situations.
The challenge is distinguishing candidates who lack experience but have the potential to learn from those who may require more support than an employer can provide.
Rachel Njoroge, a senior recruiter at Bridge Talent Management, says the gap partly reflects an education system that does not always prepare graduates for the demands of the workplace.
Fresh graduates may need support not only in technical skills but also in understanding workplace expectations, including writing professional emails, meeting deadlines, following reporting structures and communicating with colleagues.
‘Employers are not just assessing whether you can do the job; they are also assessing how much work it will take to get you to the point where you can do the job independently,’ Ms Njoroge says.
She says academic qualifications remain relevant, but their value depends on the position being filled. Some employers, particularly in highly competitive graduate recruitment programmes, may prioritise strong academic results, while technical roles may require specific professional qualifications or practical competencies.
A degree alone, however, does not necessarily demonstrate whether a candidate can apply knowledge to real-world problems, communicate effectively or take ownership of a task.
‘A First Class degree is an achievement, and I’m not dismissing that. But the degree alone doesn’t automatically tell an employer whether you can apply what you’ve learnt, solve problems in a real work environment, communicate with colleagues or take ownership of a task,’ Ms Njoroge says.
Hildah Nyatichi, an HR business partner and account manager at IHR Solutions, says academic qualifications remain an important starting point because they demonstrate a foundation of technical knowledge and a commitment to learning.
However, employers also need evidence of how candidates would perform once hired. In her experience, this has increased the importance of practical assessments, competency-based interviews and other methods of evaluating candidates beyond their CVs.
Recruiters are using practical assignments, case studies, presentations, role-play exercises and work simulations to assess candidates’ ability to handle tasks related to the positions they are applying for.
These approaches can reveal strengths and gaps that academic transcripts may not capture. A candidate applying for a communications role, for instance, may be asked to complete a writing assignment, while another applying for an analytical position may be assessed on how they interpret information and solve a problem.
Ms Nyatichi says work simulations and job-related assignments are particularly useful because they give employers a more realistic view of how candidates might perform.
Ms Njoroge says employers can also combine aptitude tests, interviews and practical assignments rather than relying on a single assessment.
‘An aptitude test might tell you one thing, an interview another, and a practical assignment something else. The point is to gather enough information to make a sound hiring decision, rather than relying on one interaction or one score,’ she says.
The approach also requires employers to interpret results carefully. A candidate’s nervousness during an interview, for example, should not automatically be treated as evidence that they cannot do the job.
For some roles, employers are also looking for evidence of work beyond formal education. Portfolios, personal projects and coding repositories can help demonstrate a candidate’s ability to apply skills, particularly where formal work experience is limited.
The recruitment process is also evolving alongside the use of digital tools and artificial intelligence. Ms Njoroge says some employers are adopting technology to support screening and assessment, although the extent of adoption varies.
Hiring a graduate who needs additional training carries costs that go beyond formal courses or induction programmes.
Managers and experienced colleagues may have to spend more time explaining tasks, reviewing work and correcting mistakes. This can delay a new employee’s productivity and reduce the time available for other responsibilities.
‘If a manager or a senior employee has to spend significantly more time helping a new graduate than anticipated, that time is coming from somewhere,’ Ms Njoroge says.
Ms Nyatichi says training costs can include both direct expenses and indirect costs associated with supervision, slower productivity and the time required for a new employee to become comfortable with the role.
For employers with limited resources or teams already under pressure, the capacity to train a graduate can influence hiring decisions.
Both recruiters say employers may be willing to hire candidates with potential where they have the time, support systems and structured programmes needed to develop them. Where a role requires immediate independent performance, however, an employer may favour someone with prior experience.
This creates a tension in entry-level recruitment. Employers want candidates who can contribute, but graduates entering the labour market may have had few opportunities to acquire practical experience.
‘You cannot say you’re looking for a fresh graduate and then expect them to have three years of experience, know every system you’re using and be able to perform independently from day one,’ Ms Njoroge says.
‘At some point, you have to decide whether you’re hiring for potential or whether you need someone who is already experienced.’
For employers, the challenge is to establish which qualifications and skills genuinely predict performance in a particular role.
Ms Njoroge says employers should consider practical tests where academic grades alone do not provide enough information about a candidate’s suitability. They should also review their onboarding processes to determine whether a graduate’s difficulties arise from gaps in ability, inadequate training or unclear expectations.
Motorists can expect a rollback in gasoline prices this week but more expensive diesel and kerosene products.
The Department of Energy announced on Monday, October 26, that oil and fuel product prices are again moving in mixed directions, albeit at smaller increments than industry forecasts suggest late last week:
Diesel – up P1.20 per liter
Gasoline – down P0.30 per liter
Kerosene – up P0.50 per liter
The energy department said domestic prices are directly affected supply pressures linked to ongoing conflict in the Middle East. Saudi Arabia recently announced a partnership with Singapore to store crude at the latter’s Jurong Rock Caverns in mid-2027 and enhance the oil supply chain in Southeast Asia.
The new price adjustments will be effective starting 6 a.m on Tuesday, until Monday next week, November 2. Prices may still vary depending on locations and gas stations.
Here are the estimated new prices of local oil and fuel products for October 27 to November 2, 2026.
Forecasts for copper demand from artificial intelligence (AI) data centers may be overly optimistic, as rising prices are curbing consumption and accelerating the substitution of copper with cheaper aluminium in some applications, analysts say.
According to international media outlets, analysts have raised concerns about projections for future copper consumption amid technological changes and growing cost pressures.
Bruce Alvey, an analyst at British financial data group LSEG, said some estimates of copper consumption by AI data centers contained inaccuracies. The expansion of fiber-optic technology is also reducing the need for copper in certain applications.
Alvey forecasts that annual copper demand growth in China, the world’s largest consumer of the metal, could slow to 1%-1.5% by 2030.
Tanya Winter, a representative of German copper processor Aurubis, said customers had begun suspending orders when copper prices exceeded $14,000 per metric ton.
Copper currently costs approximately 4.8 times as much as aluminium. Analysts expect substitution to accelerate if the price gap widens to six or seven times, potentially limiting copper consumption in some industries.
Converge may fall short of its P18 billion full-year 2026 capital expenditure (capex) target due to construction and network rollout delays, according to management. This follows cuts to both capex (from P18 billion-P23 billion to P17 billion-P20 billion) and revenue growth (from 8-10% to 4-6%) guidance earlier this year. The company has spent P6.9 billion in the first half of 2026.
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The potential capex shortfall is not necessarily negative for near-term earnings and cash flow, and may also reflect prudent spending amid a challenging macro backdrop. However, rollout delays put execution under scrutiny, particularly as Converge pushes into Visayas and Mindanao. With ample unutilized ports, the key question is whether subscriber demand can fill the capacity already built.
Catalyst
Converge reports third-quarter 2026 results on November 9. Our main watchpoints are subscriber additions, capex execution and updates on expansion plans, particularly in Visayas and Mindanao.
Action
While the stock screens cheap at 5.5 times its estimated 2027 price-to-earnings ratio, we remain cautious on near-term growth delivery. Its existing fiber network provides recurring revenue, but we would look for a recovery in subscriber additions and clearer execution on expansion plans before turning more constructive.