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.
The Department of Energy (DOE) expects more private companies to invest in rooftop solar after SM Prime Holdings reached 100 megawatts (MW) of installed capacity across its properties.
The Securities and Exchange Commission (SEC) has released a draft rule that would raise the audit threshold for corporations to more than P3 million in total assets or liabilities. The proposal aims to cut compliance costs for micro, small, and medium enterprises.
ACEN Corp. has subscribed to additional shares of affiliate Greencore Power Solutions 3 Inc. for a total of P859.12 million, the company told the Philippine Stock Exchange.
The Department of Agriculture (DA) has officially completed bringing the P20-per-kilo rice program to all 82 provinces, marking a key milestone in the Marcos administration’s push for more affordable and stable food supplies.
Toyota Motor Philippines Corp. (TMP) continues to drive momentum with the Next-Generation Toyota Tamaraw, reporting strong sales of 15,387 units in less than a year.
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.