The Philippine central bank announced a surprise interest rate hike Thursday, raising borrowing costs for the third straight month and warning more could follow as officials try to rein in surging energy and food prices.
Western finance chiefs condemned Moscow’s invasion of Ukraine at G20 talks in Indonesia Friday, accusing Russia of sending a “shockwave” through the world economy and its technocrats of complicity in the war’s alleged atrocities.
The Philippine central bank raised interest rates on Thursday for the second time in two months, warning inflation would breach its target this year with rising commodity prices and fish shortages driving up costs.
Mount Zynai 0304 Mining Corp. (MZMC) and Shenzhou Investor Corp. broke ground on Saturday, June 18 the $1-billion smelting and steel plant project in an industrial park at Barangay Sta. Cruz in Diplahan, Zamboanga Sibugay.
A recession in the United States is not “inevitable” but the economy is likely to slow, Treasury Secretary Janet Yellen said Sunday, days after the US Federal Reserve hiked interest rates, raising fears of a contraction.
The Federal Reserve announced the most aggressive interest rate increase in nearly 30 years, raising the benchmark borrowing rate by 0.75 percentage points on Wednesday as it battles against surging inflation.
In spite of all the endorsements, the wows, and ahhs over the economic team assembled by President-elect Marcos Jr, I am not impressed. The record of the economic managers are, at best, spotty except for incoming NEDA Secretary Arsenio Balisacan.
UN chief Antonio Guterres said Wednesday that the consequences for the world of Russia’s invasion of Ukraine are worsening, with 1.6 billion people likely to be affect.
There is now a clear picture as who are in Pres-Elect Marcos’ economic team. Let us learn who they are.
The Philippine central bank raised interest rates Thursday for the first time in more than three years, in a bid to curb inflation as rising fuel prices and food shortages push up living costs.
