Tag: Gold

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Lower gold prices weighs down OceanaGold Philippines 1Q earnings

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OceanaGold (Philippines) Inc. reported a sharp drop in earnings during the first quarter, weighed down by lower gold prices.

US markets plunge amid rising China trade tensions

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U.S. shares tumbled on Thursday as mounting trade tensions with China overshadowed initial relief from President Donald Trump’s earlier decision to delay higher tariffs on America’s trading partners.

Trump signs aggressive tariff policy, escalates trade war

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US President Donald Trump signed an aggressive "Reciprocal Tariff" policy on Wednesday, escalating tensions and increasing the likelihood of a trade war that could slow global economic growth.

Benguet Corp. expects better 2025 results after decline in 2024

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Benguet Corp. announced on Thursday that its audited financial statement for 2024 revealed a decline in net income to P436 million, down from P554 million in 2023. The drop was largely attributed to the mining company's debt settlement.
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GT Capital earnings rise on strong core units

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GT Capital Holdings, Inc. posted a 17 percent increase...

Local software sector urged toward AI-driven shift 

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The Philippine software industry must pivot from a labor-intensive outsourcing model to a knowledge-driven, high-productivity ecosystem as artificial intelligence (AI) reshapes global demand, according to Jonathan de Luzuriaga of the Philippine Software Industry Association.

Marcos signs law allowing fuel tax relief

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President Ferdinand Marcos Jr. on Wednesday signed into law Republic Act No. 12316, a measure granting him the authority to suspend or reduce excise taxes on petroleum products in response to surging global oil prices.

Consortium begins P2.1B microgrid projects in underserved areas

Energy & Mining 0
A power consortium has started building 24 microgrid projects worth about P2.1 billion to bring electricity to remote communities in Palawan, Cebu, and Quezon Province.

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