Markets
House passes PSAC-backed priority bills
A number of legislative proposals addressing the country’s socioeconomic priorities have been passed at the House of Representatives. Tagged as priority bills by President Ferdinand Marcos Jr.’s advisors, and backed by the Private Sector Advisory Council (PSAC), these bills are one step closer to becoming law ahead of the House’s June 2024 deadline for priority proposals.
Gold set for first weekly dip in four amid US inflation heat
Gold eked out gains on Friday but was set for its first weekly drop in four weeks, as surprisingly hot U.S. inflation readings prompted traders to re-think on how swiftly and deeply the Federal Reserve could cut interest rates.
Presidential Trade and Investment Mission aims to deepen US investment in PH
Top US companies and organizations visited the country during the first Presidential Trade and Investment Mission (PTIM) to the Philippines from March 11-12.
Vita Coco and Century Pacific enter into new long-term agreement
Century Pacific Food, Inc., one of the lead food companies in the Philippines, enters into a new long-term contract with The Vita Coco Company, Inc.,...
Gold extends rally to record as Powell hints at rate cut in 2024
Gold prices surged to a record high on Thursday, poised for their seventh consecutive daily rise, led by sluggish U.S. economic data and Federal Reserve Chair Jerome Powell's indications of potential rate cuts in the coming months should inflation alleviate.
