A fresh bout of uncertainty and mounting anticipation of a Federal Reserve interest rate cut added glitter to gold, pushing it to a record high on Tuesday.
Federal Reserve Chair Jerome Powell signaled Friday that the U.S. central bank may cut interest rates at its next policy meeting in September, citing growing risks to the labor market and ongoing inflation pressures.
Major U.S. markets closed lower Thursday as investors awaited Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole Economic Policy Symposium—an elite annual gathering of global central bankers that often sets the tone for global interest rate direction.
PLDT Inc. and its wireless unit Smart Communications are working closely with government and private partners to accelerate telecom infrastructure development across the Philippines.
Century Properties Group Inc. announced on Thursday that it will invest ₱8.39 billion to build around 13,150 new housing units, which are set for completion by the end of 2025.
The domestic claims, or assets, of other financial corporations (OFCs) in the Philippines grew marginally by 0.1 percentin the second quarter of 2025 compared with the previous quarter, reaching ₱10.7 trillion, according to the Bangko Sentral ng Pilipinas (BSP). Year-on-year, the sector’s assets expanded by 16.7 percent.
The Bangko Sentral ng Pilipinas (BSP) expects inflation in October 2025 to remain modest, projecting it to fall within the 1.4 percent to 2.2 percent range.