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 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...
The Sugar Regulatory Administration (SRA) has issued new guidelines governing the planned export of up to 100,000 metric tons (MT) of raw sugar to the United States for crop year 2025–2026, outlining who may participate and stressing that the program can be stopped at any time if conditions change.
A P3.3-billion SMX Convention Center, billed as the largest in the Philippines, will rise in Cebu by the third quarter of 2026, cementing the city’s position as a premier hub for meetings, incentives, conferences, and exhibitions (MICE).
The Department of Energy (DOE) said ASEAN senior energy officials have endorsed the group’s annual energy priorities, including the Philippines’ key proposals for its ASEAN chairmanship.
The Energy Regulatory Commission (ERC) has approved the National Grid Corporation of the Philippines’ (NGCP) P11.77-billion Claver-Siargao Interconnection Project (CSIP), aimed at improving power supply in Siargao Island.