ADB commits USD500M to Philippines’ Blue Economy
The Asian Development Bank (ADB) has approved a USD500 million policy-based loan to boost the Philippines’ blue economy, marking its first major cross-sector initiative focused on national marine development.
Power tax break bill sparks broad business backing
Four of the country’s most influential business groups have thrown their collective support behind a proposed measure that would exempt electricity sales from the value-added tax (VAT), framing it as a decisive step toward reducing one of the Philippines’ most persistent economic burdens: high power costs.
Honda shines with solar, cuts factory power cost
Honda Parts Manufacturing Corp. (HPMC) has switched on the first phase of its 1.35-megawatt solar rooftop system at its Biñan City plant, a move...
Fed rate cut sparks rally on Wall Street
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.
Fed delivers a quarter-point rate cut, flags risks
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.
