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By The Financial District
May 29, 20241 min read
Biden Releasing 1-Million Barrels Of Gasoline To Lower Pump Prices
The Biden administration said it is releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy...
By The Financial District
May 29, 20242 min read
BBM Assures OFWs On Better Infrastructure Projects
President Ferdinand R. Marcos Jr. has assured Filipinos working in Brunei Darussalam that a new and upgraded Manila airport will welcome...
By The Financial District
May 29, 20242 min read
BSP: Unprecedented Irregularities Cited
The Bangko Sentral ng Pilipinas, the government body in charge of assuring price stability, has cited as unprecedented the irregularities...
By The Financial District
May 29, 20241 min read
Asia Shares Nudge Higher, Dollar Eases
Asian shares edged higher on Tuesday while the dollar remained on the backfoot for a third straight session, as heightened expectations of..
By The Financial District
May 28, 20241 min read
Latin American Nations Hiking Tariffs On Chinese Steel
Latin American nations are following in the footsteps of the US and Europe by imposing prohibitive tariffs on Chinese imports—a new strain..
By The Financial District
May 28, 20242 min read
PSE Index Hit By Hefty Decline
The Philippine Stock Exchange (PSE) index today posted a hefty decline, dropping to a milestone level before recovering at the close to...
By The Financial District
May 28, 20242 min read
China's Food Security Threatened By Land, Soil, And Water Issues
China, the world's biggest agriculture importer, has set targets to drastically reduce its reliance on overseas purchases over the coming...
By The Financial District
May 28, 20243 min read
ILO Helps Garment Workers In Indonesia
The International Labour Organization (ILO) has launched a grievance application for garment workers in Indonesia through its...
By The Financial District
May 28, 20241 min read
China Sets Up $47.5-B Fund For Semiconductors
China has set up its third planned state-backed investment fund to boost its semiconductor industry, with a registered capital of 344...
By The Financial District
May 28, 20241 min read
China Trade Threats Keep U.S. "Firm" Busy
Business is good at “the firm.”
By The Financial District
May 28, 20241 min read
Asian Shares Mostly Higher After Wall Street Rebound
Asian shares were mostly higher after U.S. stocks bounced back from Wall Street’s worst day since April to finish higher for the week.
By The Financial District
May 28, 20242 min read
Maharlika Corp., NEA And Palawan Coop To Strengthen Province’s Power Grid
The Maharlika Investment Corp. (MIC), National Electrification Administration (NEA), and Palawan Electric Cooperative (PALECO) have signed..
By The Financial District
May 28, 20242 min read
PSE Index Retreats
The Philippine Stock Exchange (PSE) index retreated Monday to a lower milestone level to close at 6,571.60 points, down by 48.29 points or..
By Lito U. Gagni
May 28, 20244 min read
Netherlands Queen Vows Financial Inclusion Support
Finance Secretary Ralph G. Recto has welcomed the support of Her Majesty Queen Máxima of the Netherlands, the United Nations Secretary..
By The Financial District
May 27, 20241 min read
Biden Signs Aviation Safety, Reform Bill Into Law
President Joe Biden has signed sweeping aviation legislation that will boost US air traffic controller staffing, increase funding to avert..
By The Financial District
May 27, 20241 min read
U.S. Labor Market Rebalancing, Economy Slowing: Reuters
The number of Americans filing new claims for jobless benefits fell last week, offsetting nearly half of the previous increase, indicating..
By The Financial District
May 27, 20242 min read
Rich Nations Profiting From Loans To Fight Climate Change
Japan, France, Germany, the United States, and other wealthy nations are reaping billions of dollars in economic rewards from a global...
By The Financial District
May 27, 20241 min read
Japan's Core Inflation Slows To 2.2% In April
Japan's core consumer prices rose 2.2% in April from a year earlier, but the pace of increase slowed for the second straight month as...
By The Financial District
May 27, 20241 min read
Europe’s New AI Law Harms Innovation: Big Tech Execs
Amazon and Meta executives told Tom Foster of CNN that some of the fears about artificial intelligence (AI) are overblown and that the...
By The Financial District
May 27, 20241 min read
Vietnam Forfeits $2.5 Billion In Foreign Aid
Vietnam forfeited at least $2.5 billion in foreign aid over the last three years and may lose another $1 billion due to administrative...
By Reggie Vizmanos
May 27, 20242 min read
Recto Inks 5 Financing Pacts For PHP539.4 Million Climate Projects
Department of Finance (DOF) Secretary and concurrent People’s Survival Fund (PSF) Board Chair Ralph Recto has signed five financing...
By Lito U. Gagni
May 27, 20242 min read
NFA To Be Allowed To Import Rice
The government is working to amend the Rice Tariffication Law (RTL) to stabilize rice prices.
By Reggie Vizmanos
May 27, 20241 min read
Seafarers' Deployment On The Rise
The Philippines recorded an all-time high deployment of Filipino seafarers in 2023.
By The Financial District
May 24, 20241 min read
PSE Index Chokes, Swims In Red Anew
The @PhStockExchange (PSE) index declined again today, with property shares absorbing the biggest loss, closing at 6,619.89 points, down...
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