Top News
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).
BSP approves only US$1.1-B public sector borrowings in 3Q, down 71% yoy
The Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) has approved a total of US$1.10 billion in proposed public sector foreign borrowings for the third quarter of 2025, marking a 71.13 percent decline from the US$3.81 billion approved in the same period last year.
Budget deficit narrows in September as revenue outpace spending
The budget deficit eased to P248.1 billion in September, down from P273.3 billion in the same month last year, as revenue growth outpaced spending, the Department of Finance reported Thursday.
