Peso slips to P60 vs USD, stocks wobble on oil shock
The peso is likely to stay under pressure after breaking the 60:$1 mark, with volatility risks skewed to the upside, according to analyst Michael Ricafort. The currency closed at a record P60.10 on March 19 as renewed Middle East tensions drove oil prices higher—fueling inflation concerns and widening the country’s trade gap.
FINEX urges deeper markets to sustain growth
The Financial Executives Institute of the Philippines is calling for faster development of the country’s capital markets, warning that sustaining economic growth will require broader, more reliable sources of long-term funding.
Diesel prices seen soaring again; temporary return of cheaper fuel approved
Fuel prices across the country are expected to rise sharply this week, with diesel likely to see another double-digit increase, according to a local fuel retailer.
Ports, proximity shape Philippines’ diverging trade flows
The Bureau of Customs’ 2025 lists of top importers at the Port of Batangas and the Manila International Container Port (MICP) reveal more than a split in economic roles—they show how location dictates the direction, speed, and cost of trade.
Converge completes nationwide digital network, boosting PH as global tech hub
Fiber broadband provider Converge ICT Solutions Inc. announced it has completed its National Digital Infrastructure, a major network designed to support advanced technologies and boost the country’s role in the global digital economy.
