President Ferdinand Marcos Jr. has vowed to use the government’s available foreign exchange reserves and policy tools to defend the peso against further depreciation, while acknowledging that surging oil prices and supply-side constraints continue to fuel inflation.
Philippine stocks could extend losses this week as higher interest rates, persistent inflation, and peso weakness threaten corporate earnings, with analysts urging investors to favor defensive shares until clearer signs of a market recovery emerge.
Treasury bill yields climbed across the board at Monday’s auction as investors appeared to demand higher returns amid surging inflation and uncertainty over the next move by the Bangko Sentral ng Pilipinas.
Philippine equities are likely to remain volatile this week as accelerating inflation, peso weakness and mounting expectations of monetary tightening weigh on sentiment, tempering optimism over corporate earnings and potential new stock market listings.
Philippine markets enter Monday under renewed pressure, with the PSEi vulnerable to a test of 5,500 and the peso hovering near P63 to the dollar as investors await September inflation and reassess the outlook for monetary policy.
ASEAN leaders agreed to draw more investment into critical mineral processing and manufacturing while tightening regional cooperation on exports of sensitive goods, as the bloc seeks to capture more industrial value and protect strategic supply chains.
Andok’s Litson Corp. has partnered with Rockport Power to secure power supply for 16 of its stores, using the Retail Aggregation Program (RAP) to bring down electricity expenses amid rising operational costs.
The Department of Energy (DOE) and the Economic Research Institute for ASEAN and East Asia (ERIA) have formalized a partnership to advance the country’s energy transition through research, technical cooperation, and policy support for a secure, reliable, and affordable energy system.
Maynilad Water Services Inc. has sealed two agreements with the Metropolitan Waterworks and Sewerage System (MWSS) and the National Irrigation Administration (NIA) to turn NIA’s excess water resources into public drinking‑water supply, strengthening water security across Cavite.