The Federal Open Market Committee (FOMC) on Thursday held the federal funds target range steady at 4.25 percent to 4.5 percent, citing steady economic growth and lingering inflationary pressures.
U.S. President Donald Trump imposed a 25 percent tariff on imported vehicles on Wednesday night, fueling inflation concerns that weighed on financial markets.
After market...
Average rates for Treasury bills (T-bills) were mixed at Monday’s auction, as market participants anticipated that the Bangko Sentral ng Pilipinas (BSP) is unlikely to resume monetary policy easing after the US Federal Reserve’s decision to hold rates steady.
One year after taking over operations of Ninoy Aquino International Airport (NAIA), New NAIA Infrastructure Corp. (NNIC) is set to roll out a new facial recognition system powered by Collins Aerospace, allowing passengers to check in, drop bags, clear security, and board using only their face.
Unilever Philippines has renewed its partnership with First Gen Corp., the country’s leading renewable energy (RE) producer, to power seven of its production and distribution sites with approximately 10 megawatts of geothermal energy.
The Marcos Jr. administration has expanded its flagship affordable rice initiative to the transport sector, with over 57,000 public transport workers now set to benefit from P20 per kilo rice under the “Benteng Bigas, Meron Na!” program.
Manulife Investment Management is advising investors to adopt a barbell investment strategy in response to the unexpected uptick in the country's inflation rate in August. The strategy, aimed at navigating an increasingly uncertain interest rate environment, involves allocating capital to short-term bonds to benefit from immediate policy rate adjustments, while selectively adding long-term bond exposure if inflation expectations remain anchored.