Gold soared to a fresh record above USD4,300 an ounce Thursday, rallying for a fourth straight session as investors piled into safe havens amid deepening US-China tensions and growing bets on Federal Reserve rate cuts.
The Court of Appeals (CA) has ordered the freezing of bank accounts and insurance policies held by individuals and corporations allegedly involved in anomalous flood control projects.
The Energy Regulatory Commission (ERC) under the Department of Energy (DOE) has allocated an additional 100 megawatts (MW) of capacity for run-of-river (ROR) hydro projects under the feed-in-tariff (FIT) scheme.
Metro Pacific Investments Corp. (MPIC) reported continued double-digit growth in the third quarter, reinforcing its position as a key player in Philippine infrastructure and utilities. The conglomerate, which delisted earlier this year, is riding on strong momentum from its core businesses and expanding contributions from emerging ventures.