Wall Street roared higher Wednesday after the Federal Reserve cut interest rates by a quarter-percentage point and Chairman Jerome Powell all but shut the door on any future hikes.
The Federal Reserve cut interest rates by a quarter percentage point on Wednesday after noting cooler labor-market momentum and persistent uncertainty surrounding the economic outlook.
The Department of Agriculture (DA) has increased the maximum suggested retail price (MSRP) of red onions to P150 per kilo from P120, effective December 11, citing higher import costs and a weaker peso.
A P3.3-billion SMX Convention Center, billed as the largest in the Philippines, will rise in Cebu by the third quarter of 2026, cementing the city’s position as a premier hub for meetings, incentives, conferences, and exhibitions (MICE).
The Department of Energy (DOE) said ASEAN senior energy officials have endorsed the group’s annual energy priorities, including the Philippines’ key proposals for its ASEAN chairmanship.
The Energy Regulatory Commission (ERC) has approved the National Grid Corporation of the Philippines’ (NGCP) P11.77-billion Claver-Siargao Interconnection Project (CSIP), aimed at improving power supply in Siargao Island.
The Department of Transportation (DOTr) expects to award the operations and maintenance (O&M) contract for the North-South Commuter Railway (NSCR) by the fourth quarter of 2026, a key milestone for one of the country’s biggest and most important transport projects.