Top News
Fed cuts rates anew, further reduction uncertain
The Federal Reserve lowered its benchmark interest rate Wednesday for the second time this year, aiming to support economic growth and hiring even as inflation remains elevated. But Fed Chairman Jerome Powell cautioned that another cut at the central bank meeting in December is far from certain.
BSP keeps dovish stance despite peso weakness
The local currency the peso briefly sank to a record low this week, reflecting sustained weakness in the local currency as the Bangko Sentral ng Pilipinas (BSP) maintains a growth-focused stance. The peso fell to ₱59.13 per U.S. dollar on Tuesday before rebounding to ₱58.72 on Wednesday—its strongest in three months—after remarks from BSP Governor Eli Remolona tempered market concerns.
Peso weakens to ₱59.13; BSP vows to let market set rate
The local currency the peso weakened further on Tuesday, closing at ₱59.13 against the US dollar, as investor concerns grew over the country’s economic outlook and government spending slowdown.
Japan, Philippines leaders hold summit in Malaysia
Japanese Prime Minister Sanae Takaichi and Philippine President Ferdinand R. Marcos Jr. held a summit meeting on Sunday 26 in Malaysia, where both leaders were attending ASEAN-related meetings. The talks began at 1:09 p.m. local time and lasted about 20 minutes.
TRB approves new toll rates for CAVITEX
The Toll Regulatory Board (TRB) has approved new toll rates for the Manila-Cavite Expressway (CAVITEX), effective October 28, 2025, following petitions filed in 2020 and 2023 by CAVITEX Infrastructure Corporation (CIC) and the Philippine Reclamation Authority (PRA).
