Tag: Interest Rate

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Wall Street slips ahead of Fed Chair Powell speech

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.

Treasury bill rates slipped amid easing hopes

Average rates on treasury bills were lower at Monday’s auction, reflecting expectations of further monetary easing by the Bangko Sentral ng Pilipinas (BSP). 

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CREC profit rises 14% on refinancing gains

Citicore Renewable Energy Corporation (CREC) posted a 14 percent increase in net income to P1.15 billion in 2025, driven by lower financing costs, rising service revenues, and steady electricity sales, highlighting improved profitability as the company expands its renewable portfolio.

BIR fast-tracks PNOC fuel imports amid crisis

The Bureau of Internal Revenue (BIR) has expedited the emergency importation of petroleum products by PNOC Exploration Corporation (PNOC-EC), issuing a special permit through its Large Taxpayers Service (LTS) to accelerate the transaction under a declared energy emergency.

Fuel prices surge again; diesel jumps over P12, gas hikes continue

Fuel prices will increase again on Tuesday, March 31, as global oil costs remain high under the ongoing conflict in the Middle East.

OGP says Didipio mine life extended to 2037

OceanaGold (Philippines) Inc. (OGP) said its updated technical reports show that the Didipio gold and copper mine will operate until 2037.

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