MANILA, Philippines — The Philippine peso fell past the 62.5-per-dollar mark on Wednesday, setting a fresh record low as the stronger US dollar and higher oil prices stoked concerns over inflation. The peso opened at 62.4 to the…
MANILA, Philippines – Cash withdrawals continued to grow in 2025, although at a slower pace, as weaker economic growth reduced demand for cash, the Bangko Sentral ng Pilipinas (BSP) said. The Bangko Sentral ng Pilipinas (BSP) said…
MANILA, Philippines – The Philippine peso rebounded to the 59-per-dollar level on Wednesday morning as investor confidence improved following US President Donald Trump’s agreement to a two-week ceasefire with Iran. The currency opened at 59.661 against the…
MANILA, Philippines – The Philippine peso could slide back past the 59-per-dollar mark if oil prices climb and stay elevated amid the war in the Middle East, a development that would strain energy-importing economies such as the…
The Bangko Sentral ng Pilipinas (BSP) is exploring the removal of term limits on salary-based loans, a move aimed at easing the debt burden for many consumers, including teachers. Under the proposed approach, banks would be allowed…
MANILA, Philippines – The Philippine peso posted its strongest close in more than four months on Monday, climbing to the 57-per-dollar level in thin holiday trading across Asia, though the rally may be hard to sustain without…
Despite a string of late-season storms, as falling rice prices helped keep broader food costs in check, inflation likely eased in November.…
MANILA, Philippines – The deepening probe into anomalous flood control projects could hurt the asset quality of Philippine banks, Fitch Ratings warned, as delays in public works could squeeze the cash flows of contractors and undermine their…
MANILA, Philippines — An offshoot to allegations linking lawmakers and contractors to anomalies in flood control projects is some European companies in the construction sector, who are operating in the Philippines, incurring lower sales. Florian Gottein, executive…
