Japanese Finance Minister Shunichi Suzuki said on Friday he told his G20 counterparts that Tokyo may need to take "appropriate action" in the exchange-rate market as global monetary tightening could heighten volatility in currency moves.
Oil, U.S. Treasuries and gold prices rose on Friday, with crude soaring nearly 6 percent, on safe-haven buying driven by the escalating Middle East conflict as Israel urged civilians to leave the northern Gaza Strip.
U.S. Treasury Secretary Janet Yellen said the unprecedented attacks on Israel by Palestinian Islamist group Hamas posed additional risks to an already tepid global economic outlook, but the United States still appeared headed for a soft landing.
The U.S. and China will both need to make major changes to put their medium-term debt and deficit on a sustainable path, International Monetary Fund fiscal affairs director Vitor Gaspar said on Wednesday.
National Bureau of Investigation Director Melvin Matibag told the Senate impeachment court that the agency has identified persons of interest in its investigation into Vice President Sara Duterte's statement that she had contracted a hitman to assassinate President Ferdinand Marcos Jr., First Lady Liza Marcos and former House Speaker Martin Romualdez. During cross-examination, the defense questioned Matibag's impartiality, citing his appointment by Marcos and his wife's role as a lawmaker who signed the impeachment complaint. Matibag also testified that an American law enforcer told him threats against the US president typically result in immediate arrest under American law.
The Philippine Stock Exchange (PSE) has announced major updates to its criteria for companies joining the 30-member benchmark index, introducing a new market capitalization threshold and revised liquidity rules ahead of the February 2027 rebalancing period.
The Philippines and Japan established formal diplomatic ties in 1956, building a longstanding partnership centered on friendship, economic cooperation, and cultural exchange.
San Jose del Monte (SJDM) City in Bulacan has stepped up its emergency efforts as reduced allocations from the Metropolitan Waterworks and Sewerage System (MWSS) cut the local water district’s daily supply from 70 million liters to 45 million liters.