Top News
NPC clears GCash of alleged data breach
The National Privacy Commission (NPC) has concluded its investigation into the reported GCash data leak, finding no evidence of a personal data breach within the mobile wallet’s systems.
October inflation seen staying low despite higher food, power costs
The Bangko Sentral ng Pilipinas (BSP) expects inflation in October 2025 to remain modest, projecting it to fall within the 1.4 percent to 2.2 percent range.
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.
