US market, gold gain despite government shutdown, job losses
Major U.S. markets shrugged off a federal government shutdown and weaker labor data on Wednesday, with equities and gold both pushing higher.
More foreign currency expense than earnings seen persisting through 2026
The Bangko Sentral ng Pilipinas (BSP) projects the country's balance of payments (BOP) to remain in deficit over the next two years, as current account pressures persist.
McDonald’s Cebu stores resume operations after quake
Following the 6.9 magnitude earthquake on September 30, McDonald’s Philippines reported that all employees, managers, and customers are safe. The company reaffirmed that the safety of its people remains its top priority.
Inflation seen at 1.9% in September
Headline inflation likely rose to 1.9 percent in September, driven by higher fish and rice prices, following rains and the government’s rice import suspension.
SEC sets fixed three-year term for independent directors
The Securities and Exchange Commission (SEC) has proposed a new rule requiring independent directors of publicly-listed companies to serve a fixed three-year term, with no possibility of extension beyond nine years.
