Philippine financial markets are likely to remain cautious on Monday, with the PSEi expected to trade sideways as investors await the Bangko Sentral ng Pilipinas’ Aug. 27 policy decision and assess persistent inflation, currency, and growth risks.
The Orchestra of the Filipino Youth (OFY) brought together melody, creativity, and a shared vision for tomorrow in Music for a Regenerative Future, an evening that blended world-class performance with a powerful message of care for the planet and belief in the next generation.
Filipino motorists face yet another round of pump price increases this coming Tuesday, underscoring the ongoing volatility of domestic fuel costs driven by compounding international crises. According to Jetti Petroleum president Leo Bellas, gasoline prices are projected to rise between P1 and P1.50 per liter, while diesel prices could jump by P1.75 to P2.25 per liter. This upcoming price hike follows the previous week’s substantial surge of P2.49 per liter for gasoline, P3.84 for diesel, and P5.01 for kerosene, highlighting how rapidly fuel rates are creeping higher almost every single week.
Damage to the agriculture sector from the southwest monsoon (habagat) enhanced by Tropical Cyclones Luis, Maymay, and Neneng has risen to ₱1.79 billion, the Department of Agriculture (DA) reported in its 10 a.m. advisory on August 22.
Brazil’s move to ban fixed-odds betting and online gaming has thrown a spanner into the international expansion of DigiPlus Interactive Corp. The Latin American country was supposed to be the beachhead of DigiPlus’ overseas move.
Travellers International Hotel Group Inc. is charging hard into a major hospitality expansion, scaling its portfolio to nearly 3,000 room keys as new developments at Newport World Resorts and the massive Westside project in Entertainment City come online.
Artificial intelligence is pushing local manufacturing to the limit. Electronics manufacturing giant EMS Group is rolling out an aggressive, multi-year capacity expansion to keep pace with skyrocketing demand for artificial intelligence hardware.
The peso and Philippine equities enter Monday facing another potentially volatile week as investors weigh persistent inflation pressures, softer growth prospects and expectations of further monetary tightening.