finance

US consumer prices surged 9.1% in June, the largest annual increase in more than four decades amid stubbornly high costs for gasoline, food and rent, cementing the case for another 75-basis-point interest rate hike by the Federal Reserve this month.

The global economic outlook has “darkened significantly” and could deteriorate further, the IMF’s managing director said Wednesday, citing Russia’s war in Ukraine and the rapid inflation it has caused, threatening widespread hunger and poverty.

Senator JV Ejercito on Wednesday urged the national government to create a comprehensive plan on food security before declaring a state of agricultural emergency.

The Bureau of Customs (BOC) has donated 6,357.8 liters of seized fuel to the Philippine Coast Guard (PCG).

The free train rides for students has been recalibrated and will only be implemented on Light Rail Transit Line 2 (LRT-2), a ranking official of the Department of Transportation said on Wednesday.  

Alternergy Holdings Corp. is planning to raise over a billion pesos to fund its solar, wind, and hydropower projects by offering its shares to the investing public.

The Social Security System (SSS) has scored an “unmodified” opinion from the Commission on Audit (COA) for the second straight year in 2021, based on the annual report of state auditors.

Budget carrier Cebu Pacific on Wednesday announced it is expanding further its flight frequencies from its Cebu hub to Iloilo and Tacloban.

Hong Kong needs to allow financial sector employees to travel freely to retain its global investment and banking hub status, an industry report said, as the city continues to maintain some of the strictest coronavirus regulations in the world.

EU finance ministers on Tuesday gave Croatia the final greenlight to adopt the euro single currency on January 1, 2023.