Gold at all-time highs in Euro and GBP – Report
Gold is always fun to analyse. But right now, it is particularly intriguing, what with all the chaos in the world economy and a spiralling cost-of-living crisis. This is because gold has traditionally been viewed as a hedge which performs well in
BT share price stalls at 23.6% Fib ahead of earnings
BT (LON: BT.A) share price has drifted lower this week ahead of the upcoming financial results scheduled for Thursday this week. The stock was trading at 127.90p on Monday, a few points below the year-to-date high of 132.70p. It is
Shares decline as market awaits Fed, US data
REUTERSSTOCKS dropped on Monday amid a lack of catalysts as investors await the US Federal Reserve’s policy decision and economic data releases.The benchmark Philippine Stock Exchange index (PSEi) went down by 81.19 points or 1.15% to close at 6,970.97 on
How each segment contributed to Q4 2022 GDP
THE PHILIPPINES weathered record inflation and interest rate increases last year by posting the fastest economic growth since 1976 — one of the strongest in Asia amid a dreary global outlook. Read the full story.Neil
Peso weakens vs dollar
BW FILE PHOTOTHE PESO weakened against the dollar on Monday after China’s cabinet pledged support for the economy’s recovery.The local currency closed at P54.545 versus the greenback on Monday, declining by 7.5 centavos from Friday’s P54.47 finish, data from the
Universal charge hike proposed to sustain off-grid power services
PHILSTAR FILE PHOTOTHE Department of Energy (DoE) will propose raising the universal charge to sustain off-grid services provided by the National Power Corp. (Napocor) as diesel prices rise.In a virtual briefing on Monday, the DoE and Napocor are considering a
Sole bidder for Southern Leyte port upgrade project disqualified
BFARTHE Philippine Ports Authority (PPA) has declared a bid failure for the upgrade works at the Port of San Juan in Southern Leyte after the sole bidder failed to meet the formatting requirements of the bid submission.“The lone bidder for
ADB warns of risks as cross-border banking takes hold in region
BW FILE PHOTOCENTRAL BANKS in Southeast Asia need to prepare liquidity support and safety nets to mitigate any risks stemming from financial digitalization and cross-border banking, the Asian Development Bank (ADB) said on Monday. In a report, the ADB said digitalized
Well-milled rice prices rise in mid-December
PHILIPPINE STAR/ MICHAEL VARCASTHE average retail price of well-milled rice rose in mid-December at four major trading centers tracked by the Philippine Statistics Authority (PSA).Prices rose on Dec. 15-17, which the PSA terms the second phase of December, compared with
Chinese construction firm proposes 270-km highway linking Laoag to La Union
LAOAGCITY.GOV.PHA CHINESE state-run construction company has proposed to build a 270-kilometer (km) highway from Laoag City to Rosario, La Union, the Palace said in a statement.It said the proposal was put forward by China Communications Construction Co. Ltd. (CCCC), whose