NEW YORK, United States — Gold futures soared above $4,000 per troy ounce for the first time Tuesday, as many investors seek a safe place to park their money during the continuing U.S. government shutdown. The going price for New York spot gold had previously closed at $3,960.60 per troy ounce — the standard for
Category: economy
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MANILA, Philippines – Debt or “utang” is not just a financial tool anymore. It is the lifeline that keeps many Filipino families afloat. With consumer spending making up about 70 percent of the economy, every peso that is spent keeps the economy moving. When households keep buying, businesses do well but when they cut back,
MANILA, Philippines — The Philippines’ gross international reserves rose to $108.8 billion in September, the highest in 11 months, as higher gold prices boosted the value of the central bank’s holdings. The figure climbed from $107.1 billion in August, reflecting gains from global gold prices, investment income, and foreign currency deposits by the national government,
Filmmaker Karan Johar recently sold a 50% stake in his production company, Dharma Productions, to billionaire Adar Poonawalla for 1, 000 crore. The deal was made through Poonawalla’s company Serene Productions and now gives him equal ownership of the studio.
The government’s debt service burden more than tripled in August, driven by higher amortization payments following a mammoth settlement of maturing bonds. Debt payments surged by 257 percent year-on-year to P664.7 billion, according to the latest cash operation report of the Bureau of the Treasury. This brought the eight-month tally to P1.54 trillion, nearly flat
Why, though, is cash usage shrinking so fast? Whatever the reason, it is under the kibosh. It made up just 9 per cent of payments last year.
Fears are mounting that the list of firms leaving London for rivals including New York will increase unless action is taken.
From October, a new policy has come into effect requiring some people aged 75 and over to pay 20% of their medical costs at the counter, doubling the previous burden for many elderly patients. For those living on pensions, the increased costs are squeezing already tight household budgets and fueling concern about how to manage daily life.
From October, a new policy has come into effect requiring some people aged 75 and over to pay 20% of their medical costs at the counter, doubling the previous burden for many elderly patients. For those living on pensions, the increased costs are squeezing already tight household budgets and fueling concern about how to manage daily life.