Big investors are tearing up market playbooks for 2024 based on timing an expected recession and interest rate cuts, as the world economy proves surprisingly resilient.
The Bank of Japan should gradually raise short-term interest rates and make its bond yield control policy more flexible, if inflation stays around its 2 percent target and is accompanied by sustained wage growth, the OECD said on Thursday.
Oil prices ticked higher in Asian trading as markets measured rising tensions in the Middle East against a surprise build in U.S. crude stockpiles that pushed oil benchmarks down about 80 cents in the previous session.
Intel said on Tuesday it will launch automotive versions of its newest AI-enabled chips, taking on Qualcomm and Nvidia in the market for semiconductors that can power the brains of future cars.
Gogolook, a global trust tech company, unveiled a revamped version of its anti-scam app Whoscall on Thursday, targeting the growing incidence of scams in the Philippines. The update introduces AI-driven scam protection and a “growth-driven anti-scam community” that incentivizes users to report fraudulent activity.
Food and beverage firm RFM Corp. projects improved income for 2025 on the back of higher product sales and softer commodity prices, despite logistics challenges caused by recent flooding in the third quarter.
The Bank of the Philippine Islands (BPI), in partnership with BPI MS Insurance, has launched BPI Freelancer, a personal accident insurance product specifically designed for freelancers, consultants, digital nomads, and self-employed professionals. The service reflects BPI’s growing focus on inclusive financial solutions for non-traditional workers who typically lack access to formal employment benefits.
Acting Transportation Secretary Giovanni Lopez has fast-tracked the construction of the Manila-Laguna segment of the North-South Commuter Railway (NSCR), following President Ferdinand Marcos Jr.'s directive to expedite key infrastructure projects. Demolition of old Philippine National Railways (PNR) stations from Sta. Mesa in Manila to Cabuyao, Laguna is being conducted simultaneously to accelerate viaduct construction.