PHL shares rise on Fed, new economic managers
STOCKS ended higher on Thursday after minutes of the US Federal Reserve’s meeting showed it will stay the course on its planned rate hikes, as well as the next administration’s announcement of members of its economic team.
Peso down as Fed minutes affirm hawkish stance
THE PESO dropped against the dollar for the fourth straight session on Thursday after minutes of the US Federal Reserve’s latest meeting showed they plan to continue raising borrowing costs to fight inflation.
Marcos signals go-slow stance on joining RCEP
PRESIDENT-ELECT Ferdinand R. Marcos, Jr. will review the Regional Comprehensive Economic Partnership (RCEP) to determine whether the agriculture sector is adequately protected.
Replacement for Bohol’s collapsed Clarin bridge opened to two-way traffic next month
A BRIDGE constructed as a replacement for the collapsed Clarin bridge in Loay, Bohol will be opened to two-way traffic next month, the Department of Public Works and Highways (DPWH) said on Thursday.
Rice no longer main driver of inflation, DoF says
THE Department of Finance (DoF) said that the Rice Tariffication Law (RTL) has removed rice as the main driver of inflation by making farmers more productive, with average farm yields rising to 4.22 tons per hectare (t/ha) in 2021 from 3.65 t/ha before the law took effect.
Marcos may consider Duterte as his anti-drug czar
PHILIPPINE President-elect Ferdinand R. Marcos, Jr. on Thursday said he would consider making President Rodrigo R. Duterte his government’s anti-drug czar.
Country to discuss China sea row with firm voice — Marcos
PRESIDENT-elect Ferdinand R. Marcos, Jr. on Thursday vowed to protect Philippine-claimed areas in the South China Sea by engaging China on the dispute.
55 party-list groups proclaimed led by Tulfo-supported ACT-CIS
THE COMMISSION on Elections (Comelec) on Thursday proclaimed 55 winners in the party-list race, with ACT-CIS getting the biggest number of votes and securing three seats in the House of Representatives for the incoming 19th Congress.
Promises, promises
By Luis V. Teodoro
One of the few concrete policy promises Ferdinand Marcos, Jr. made during his campaign for the Presidency of these isles of forgetfulness was to make rice available at P20 per kilo.
Sunshine by day, water by night: Indonesia could pair its vast solar and hydro...
David Firnando Silalahi and Andrew Blakers
As one of the world’s largest greenhouse gas emitters, Indonesia has pledged to achieve carbon neutrality by 2060.
Managing challenges in US equity and fixed income markets today
By Ed Perks
Looking back to the latter part of 2021, the US market environment was robust for equities, with strong economic growth that led to stock valuations that appeared appropriate to us. At the same time, the US Federal Reserve’s (Fed’s) accommodative environment — put in place during the pandemic — impacted fixed income markets.
Asia’s war on inflation targets supply, not consumers
FROM EXPORT BANS to price controls, governments in Asia are taking a much more targeted approach than their Western counterparts in curbing global inflationary pressure, a strategy that appears to be working at least for now.