Oil prices spike as US sanctions Russian oil giants
Crude oil prices surged to a two-week high on Thursday after the US slapped sanctions on Russian energy giants Rosneft and Lukoil, along with dozens of their subsidiaries—a move aimed at cutting off a key source of funding for the Kremlin’s war in Ukraine.
Intel shares rise as AI demand powers rebound
Shares of Intel Corp. climbed 3.4 percent on Thursday after the chipmaker reported a return to profitability, driven by stronger sales in its core...
Budget deficit narrows in September as revenue outpace spending
The budget deficit eased to P248.1 billion in September, down from P273.3 billion in the same month last year, as revenue growth outpaced spending, the Department of Finance reported Thursday.
New rule mandates energy efficient purchases in gov’t
The Inter-Agency Energy Efficiency and Conservation Committee has ordered all government offices to purchase only energy-consuming products (ECPs) that meet the Department of Energy’s (DOE) minimum efficiency standards. This move aims to promote energy savings and reduce public spending.
PhilFIDA adopts PCA system to monitor abaca prices
The Philippine Fiber Industry Development Authority (PhilFIDA) is set to use the Philippine Coconut Authority’s (PCA) daily price monitoring system to track abaca prices more effectively.
