AllHome 1H profit plunges on weak property demand
AllHome Corp., the retail and wholesale arm of the Villar Group, reported a steep decline in profit for the first half of the year, citing soft demand for construction and furnishing products amid a sluggish real estate market.
Fed chair Powell hints at September rate cut
Federal Reserve Chair Jerome Powell signaled Friday that the U.S. central bank may cut interest rates at its next policy meeting in September, citing growing risks to the labor market and ongoing inflation pressures.
DA eyes quality shift as imported rice gains ground
Agriculture Secretary Francisco P. Tiu Laurel Jr. has instructed the Rice Industry Development Office (RIDO), led by Undersecretary Christopher Morales, to closely examine the apparent shift in Filipino rice preferences, as demand for imported rice—particularly Vietnamese varieties—continues to grow.
BSP launches credit scoring system for SMEs
The Bangko Sentral ng Pilipinas (BSP), in collaboration with the Japan International Cooperation Agency (JICA), has launched the Credit Risk Database Philippines Web-based Scoring System (CRDPh System)—a major step toward improving access to finance for small and medium enterprises (SMEs).
Ayala equips retiring troops for life beyond the military
Forty-two retiring members of the Armed Forces of the Philippines (AFP) are stepping into civilian life with renewed confidence after completing Ayala Corporation’s Saludo sa Serbisyo Career Assistance Program, a 5-day training initiative aimed at equipping them for the job market.
