Top News
President Marcos stalls push to implement Maharlika Fund
President Ferdinand Marcos Jr. stalled the rapid push to bring to life the Maharlika Investment Fund, seeking more time to review the details of the implementing rules and regulations, or IRR, to ensure safeguards are in place.
Asia-Pacific countries seen posting accelerated growth this year
Asia and Pacific countries like the Philippines are seen collectively pushing local output growth, measured as the gross domestic product (GDP), averaging higher than global output growth at 4.6 percent this year, according to the latest Regional Economic Outlook published by the International Monetary Fund (IMF).
Presidential trips abroad bolster BOI-approved investments–DTI
Investment pledges approved by the Board of Investments in the first nine months of this year has more than doubled to P734 billion from the year-earlier period, bolstered by gains from the foreign visits of President Ferdinand Marcos Jr., a trade and industry official said Tuesday.
Treasury bill yields higher at auction despite rejections
Treasury bill yields, a reflection of the cost incurred when government borrows short term, were higher at the auction Monday even as the Bureau of Treasury rejected some bids, particularly for three- and six-month debt papers.
Oil, Treasuries, gold prices jump amid Mideast fears
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.
