Less than 24 hours after stunning world No. 2 Elena Rybakina, Alex Eala returned to the Steffi Graf Stadium and claimed another prized scalp, defeating world No. 8 Elina Svitolina, 6-3, 6-4, to reach the first WTA 500 semifinal of her career.
The country’s gross international reserves (GIR) stood at US$104 billion at the end of May 2026, remaining at a level that ensures the country has enough foreign currency to meet import requirements, pay external debt obligations, and as a safety net against global economic disruptions. This serves as a key indicator of the nation’s ability to fulfill its foreign currency commitments.
At the ASEAN RailCon 2026 held Thursday at the Asian Development Bank (ADB) headquarters, the Philippines appealed to ASEAN member states, investors, and development institutions to back its large-scale railway expansion program.
The Bangko Sentral ng Pilipinas (BSP) has adjusted rules raising the maximum repayment period for salary-based general purpose consumption loans (SBGPCLs) from the standard three years — extendable only to five years in special cases — to seven years.
The country’s foreign currency reserves stood strong at $104.8 billion as of the end of August 2026, driven by higher global gold prices and earnings from foreign investments, according to preliminary data from the Bangko Sentral ng Pilipinas. Although government withdrawals to pay off foreign debt offset some gains, the overall buffer remains well above global safety standards.
Pork farmgate prices have dropped sharply as domestic hog raisers rush sales ahead of the rainy season to avoid African swine fever (ASF) losses, the Department of Agriculture (DA) reported Monday. Higher output from last year’s price surge, not imports, drives the shift—production rose 5.6npercent in Q2 while farmgate prices fell nearly 19 percent year-on-year.
The Philippine government has enough revenues to service its debt even without the proposed ProGRESS tax package, Malacañang said Monday, as the Marcos administration pushes reforms to strengthen fiscal capacity and provide targeted tax relief.