The peso dropped to the ₱57 level against the United States (US) dollar on Thursday morning, June 19, ahead of the expected Bangko Sentral ng Pilipinas (BSP) interest rate cut later in the day. According to the Bankers Association of the Philippines (BAP), the local currency opened at ₱57.1,...
After a few months’ delay, DoubleDragon Corporation’s Hotel101 Global Holdings Corporation is finally listing at the Nasdaq Stock Exchange on June 27, 2025, the first Filipino-owned company to be listed and traded in the US bourse. To be listed with an equity value of $2.3 billion, Hotel101...
The Philippines is facing a growing deficit in its net dollar earnings or current account, placing it in the middle of the pack in the latest macro risk assessment of 27 key emerging markets (EMs) by DBS Bank Ltd. In a June 17 report authored by DBS senior economist Han Teng Chua and data analytics...
The Philippine peso has depreciated the most among regional currencies against the safe haven United States (US) dollar so far since Israel attacked Iran and heightened global oil price risks. A June 18 report by Japanese financial giant MUFG Bank Ltd. showed that since June 13, the peso weakened...
Two-and-a-half-year-old Salmon Group Ltd, a Manila-based financial technology (fintech) firm, has raised $88 million to expand its efforts in delivering modern financial solutions and improving credit access across Southeast Asia. The funding includes a $60 million drawdown from a three-year, $150...
Israel 's attack on Iran may pause monetary policy easing by the Bangko Sentral ng Pilipinas (BSP) while also weakening the peso, according to foreign banks. “We think that the spike in oil prices on June 13 due to the Israel-Iran conflict is unlikely to derail the BSP 's decision to...
Manila-based Asialink Finance Corporation (AFC) has secured a ₱120-million credit line from Taiwan-based Mega International Commercial Bank Co., Ltd. (Mega ICBC), a partnership aimed at expanding financing to the country’s micro, small, and medium enterprises (MSMEs). “With this additional...
Even as the Philippine peso depreciated against the United States (US) dollar at a pace that was among the worst among emerging market (EM) currencies last week, the Bangko Sentral ng Pilipinas (BSP) is still expected to cut interest rates this week. Data from the Bankers Association of the...
The delivery of 12 new FA-50 fighter aircraft acquired by the Philippine Air Force (PAF) will be completed by 2030, the Department of National Defense (DND) disclosed on Saturday, June 14. DND spokesperson Asst. Sec. Arsenio Andolong confirmed the acquisition of 12 FA-50 Block 70 light combat...
Singapore 's DBS Bank Ltd. expects the Bangko Sentral ng Pilipinas (BSP) to end its easing cycle in the third quarter of this year—a year after it began loosening monetary policy in August last year. "The Philippine central bank, the BSP, is on course with its rate cuts. Another 50-basis...
DoubleDragon Corp. reported that the United States Securities and Exchange Commission (US SEC) has declared effective its subsidiary Hotel101 Global Holdings Corp. 's registration statement on Form F-4 in connection with the business combination with JVSPAC Acquisition Corp. for its NASDAQ...
Japanese financial giant MUFG Bank Ltd. sees t he peso 's appreciation streak against the United States (US) dollar being sustained until early 2026. "We continue to forecast the Philippine peso to strengthen against the US dollar, reflecting low inflation, continued space for rate cuts, FDI...
