Demand for the safe-haven United States (US) dollar surged amid heightened geopolitical uncertainty, sending the Philippine peso tumbling to a fresh historic low of ₱62.265 on Friday, Aug. 28, from the previous record of ₱61.888 just a day ago. The local currency slid to an intraday low of...
Local markets reacted quickly to the Bangko Sentral ng Pilipinas’ (BSP) higher inflation assumption for 2027 due to El Niño risks, pushing the Philippine peso to a historic low of ₱61.888 on Thursday, Aug. 27. The record low extended the peso’s recent weakness, with the local currency...
The Trump administration has accused the Philippines of playing a key role in a “shadow transshipment network” that allows China to evade tariffs on products entering the United States (US). In a report titled “The Great Transshipment Scam,” the White House classified the Philippines under...
The Philippines’ private sector is expected to receive funding from the United States’ (US) $205-billion financing program under the International Development Finance Corp. (DFC) to advance the development of big-ticket projects. In a virtual briefing on Wednesday, July 8, DFC Chief Policy...
President Marcos’ chief economic manager said the proposed $60-million Millennium Challenge Corp. (MCC) threshold program is expected to secure United States (US) congressional approval by August, with the grant supporting the country’s reform efforts and opening the door to larger funding from...
De La Salle University (DLSU) economists have lowered their 2026 economic growth forecast anew, warning that mounting global and domestic shocks could leave the Philippine economy posting its slowest post-pandemic expansion this year. In their latest report on the Philippine economy for June 2026...
The Philippines could soon increase its fresh pineapple exports to the United States to as much as 19,200 metric tons (MT) per year after the US government determined risk-mitigation measures to address pest concerns that have long restricted the commodity’s access to the American market. In a...
The Philippine Stock Exchange index (PSEi) dipped marginally on Wednesday, June 10, after shots were again fired between the United States (US) and Iran as the prolonged conflict approached its 100th day. The main index shed 4.35 points, or 0.07 percent, to close at 5,941.36. Mining and oil stocks...
The Philippines risks remaining a mere host for foreign-led artificial intelligence (AI) and semiconductor investments under the emerging United States (US)-led Pax Silica initiative unless it develops stronger domestic technological and industrial capabilities, according to the University of the...
The inflation-targeting Bangko Sentral ng Pilipinas (BSP) is expected to continue raising interest rates to contain surging inflation despite the risk of slower economic growth. In a May 22 report, Japanese financial giant MUFG Bank Ltd. said the Philippines is facing one of the most severe...
The World Bank warned that the Philippines’ broad-based economic slowdown in the first quarter of 2026 could spill over into weaker household incomes and higher food prices as the country grapples with an escalating energy price shock triggered by tensions in the Middle East. In its latest...
De La Salle University (DLSU) economists slashed their 2026 Philippine gross domestic product (GDP) growth forecast to 3.11 percent from 3.79 percent previously, warning that the economy is facing mounting pressure from the Middle East conflict, elevated inflation, and lingering domestic...
