Markets
PDEX aims to raise P600 billion in capital amid economic challenges
The Philippine Dealing and Exchange Corp. (PDEX) is poised to raise up to P600 billion in capital through its fixed-income trading platform this year, nearly double the P360 billion achieved in 2024. The projected surge comes despite ongoing geopolitical tensions and persistent inflation concerns.
Treasury launches 2025 borrowing plan at Monday auction
The Bureau of the Treasury will begin its P2.547 trillion borrowing program for 2025 on Monday, aimed at supporting the national budget, with the...
Federal Reserve cut rates by another 25 basis points
The Federal Reserve on Thursday lowered key interest rates by a quarter of a percentage point, its third consecutive rate cut this year that is widely anticipated by the market amid easing inflation concern. For next year, however, the outlook for additional cuts is more cautious.
WBF returns: A festive shopping extravaganza for the holidays
The much-anticipated World Bazaar Festival (WBF) opened on Friday at the World Trade Center Metro Manila, marking its grand return for 2024.
US economy creates more jobs in Nov, boosts markets
The US economy added 227,000 jobs in November, rebounding sharply from the disruptions caused by storms and a major strike that hampered growth in October.
