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With car sales expected to top 500K units this year, local auto manufacturing should be pursued with vigor THE PHILIPPINE government is intent...
PHL services trade slumps in 2024 — BSP
THE PHILIPPINES’ services trade slumped in 2024 as exports grew at a much slower pace than imports, data from the Bangko Sentral ng...
PDIC eyes new assessment system for banks to deter risky lending behavior
THE PHILIPPINE Deposit Insurance Corp. (PDIC) wants to introduce a risk-based assessment system to prevent banks from taking on too much leverage following...
NG debt service bill surges to P2.02&T in 2024
THE NATIONAL GOVERNMENT (NG) debt service payments surged to P2.02 trillion in 2024 as both interest and amortization payments increased, the Bureau of...
External debt up 10% as of end&2024
THE PHILIPPINES’ outstanding external debt rose by nearly 10% year on year as of end-2024, the Bangko Sentral ng Pilipinas (BSP) said. By...
Gen Z Americans don’t have enough saved to cover a single month of spending
Americans born after 1995 were spending double what they had in savings in February, one analysis showed. Younger Americans don’t have enough saved...
California regulator may allow State Farm to hike home insurance premiums by 22% for a million customers after devastating wildfires
State Farm said the emergency rate would help the company rebuild its capital following the Los Angeles wildfires. California’s top insurance regulator on Friday...
Dr. Oz says probiotic supplements have wide&ranging health benefits. Here’s what science says
To aid in gut health, Oz has pushed the benefits of probiotics. Do they really work? Our bodies—and guts, specifically—depend on a balance...
U.S. crypto czar’s $200 million portfolio held Bitcoin, Coinbase, and Robinhood
The AI and crypto czar divested a substantial portfolio of crypto holdings before he entered the White House, according to a memo. David...
Gold prices are smashing record highs but it’s still a risky bet — ‘You’re not sending gold to buy your Domino’s pizza,’ finance expert warns
Americans are increasingly pessimistic about the economy and expect inflation to rise, the Michigan consumer sentiment survey revealed. Gold is traditionally viewed as...
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