Philippine peso weakens on Iran jitters, inflation target breach
The currency fell 28 centavos to close at 60.33 per dollar.
The currency fell 28 centavos to close at 60.33 per dollar.
The nation grapples with limited fuel buffers, quick pass-through of global prices to domestic pump rates, and a structurally large import bill.
In a note to clients, the London-based research firm Capital Economics said Vietnam, Taiwan and India were likely to remain among the region’s strongest performers.
Experts noted that three other Asian cities—Delhi and Mumbai in India and Shenzhen, China—are expected to see similar gains, reflecting a broader shift in the region toward…
These celebrate the Philippines’ rich cultural heritage, as well as raise public awareness and foster greater interest in the country’s role as ASEAN Summit chair in 2026.
Economists downgrade full-year GDP expansion forecast to below 5 percent.
The September figure meant inflation remained within the official 2 to 4 percent target band.
The Philippines joined Thailand, Laos, Vietnam, Malaysia and the Maldives in the medium-risk countries with moderate scores across key variables, “reflecting relatively stronger…
Measures of job quality also deteriorated. Some 6.8 million employed Filipinos said they were looking for additional work or longer hours to boost their income, up from 5.76…
The Bangko Sentral ng Pilipinas is studying further curbs to protect Filipinos against the ‘harmful aspects’ of the popular pastime.