Gold futures surged past USD4,000 per ounce for the first time, extending a historic rally as escalating global uncertainty drives investors toward traditional safe-haven assets.
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.
Lepanto Consolidated Mining Co. reported a dramatic increase in net income, reaching ₱659 million for the five-month period ending May, a significant leap from just ₱16 million in the same period last year.
The Philippine National Bank has passed its surveillance audit for the ISO/IEC 27001:2022 information security standard and expanded the coverage of its certification, reinforcing its efforts to protect customer and business data.
The Department of Agriculture (DA) and the Muntinlupa city government have invested P4 million to upgrade a local food hub that supports women-led enterprises and community food production.
Price pressures have been gradually building in recent months, even as February inflation remained within the central bank’s target and broadly in line with market expectations, according to economist Jonas Ravelas.
Japan signed two grassroots development grants worth USD 318,098 (about P18.3 million) to improve waste management in Bohol and support indigenous fisheries livelihoods in Palawan.