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.
The Department of Energy (DOE) expects more private companies to invest in rooftop solar after SM Prime Holdings reached 100 megawatts (MW) of installed capacity across its properties.
The Securities and Exchange Commission (SEC) has released a draft rule that would raise the audit threshold for corporations to more than P3 million in total assets or liabilities. The proposal aims to cut compliance costs for micro, small, and medium enterprises.
The Philippines is pushing a four-year plan to modernize its agriculture sector, focusing on better infrastructure, logistics, and irrigation, according to Agriculture Assistant Secretary Arnel De Mesa at the “Canada-in-Asia: Momentum Manila” event. Speaking on behalf of Agriculture Secretary Francisco Tiu Laurel Jr., De Mesa said reducing post-harvest losses is central to improving productivity and food security.