Markets
Broker board term limits gain strong backing
Leading Philippine business groups have thrown their weight behind the Securities and Exchange Commission (SEC) proposal to impose term limits on broker directors of securities exchanges, calling it a timely governance reform aimed at bolstering investor confidence and market integrity.
Federal Reserve holds rates as risks persist
The Federal Reserve held its benchmark rate at 3.5 percent to 3.75 percent and its chairman, Jerome Powell, said monetary policy is steady for...
Meta stock rallies on layoff reports
Shares of Meta Platforms jumped about 3 percent Monday as investors bet that the reported potential job cuts could help offset the technology company's artificial intelligence spending. The stock of the company that owns Facebook, Instagram, WhatsApp and Threads closed 2.3 percent higher at USD627.45.
Philippine stock to stall near resistance, peso to test lows
Philippine financial markets could face choppy trading ahead as investors weigh technical resistance levels in equities against fresh pressure on the peso from global risks, including elevated oil prices.
DTI warns online marketplaces over unsafe goods
The Department of Trade and Industry (DTI) has sounded the alarm over a surge of uncertified and substandard products being sold across major e-commerce platforms, warning that the trend threatens consumer safety and erodes confidence in the country’s rapidly expanding digital marketplace.
