Manila Bulletin - Business

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Business

Manila Bulletin

BSP holds line as peso slides, says economics don't justify intervention
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. admitted there is intense pressure to defend the Philippine peso against its continued decline, but said the central bank has held its ground, as the economics of it do not justify intervention. “There’s tremendous pressure to...
Manila Bulletin

Peso hits new all-time low; analysts warn of ₱61 slump by end-2026
The peso slumped to a fresh record low on Wednesday, Jan. 7, closing at ₱59.355 against the United States (US) dollar as escalating geopolitical tensions sparked a sell-off in emerging market assets. The peso’s finish on Wednesday surpassed its previous all-time low of ₱59.21 set just a day...
Manila Bulletin

Borrowing streak pushes gov't debt to record ₱17.65 trillion in Nov.
Manila Bulletin

Jobless rate hits 4.4% in November as economy battles typhoon damage
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