The Philippine peso is again nearing record lows as persistent inflation, geopolitical tensions, and strong US dollar demand continue to pressure local markets. Rizal Commercial Banking Corp. chief economist Michael Ricafort said the peso could retest historic weakness after falling 1.8% this week and approaching the April 30 intraday low of P61.75 against the dollar.
Philippine financial markets are in a consolidation phase, with the peso and equities under pressure as tighter monetary conditions and inflation concerns weigh on sentiment.
Philippine financial markets are expected to remain fragile this week, with investors bracing for continued volatility as risk aversion dominates sentiment and the benchmark index struggles to regain footing above key levels.
The Philippine peso tumbled to a fresh record low on Thursday, breaching the P60-per-dollar mark, as escalating geopolitical tensions in the Middle East and surging oil prices rattled markets and drove investors toward the safety of the US dollar.
SMBC Aviation Capital has placed a firm order for 100 additional aircraft from the Airbus A320neo Family, consisting of 65 A321neo and 35 A320neo units. The agreement was officially confirmed on 20 July 2026 during the Farnborough International Airshow in the United Kingdom.
STADA Philippines has officially introduced its Hyastad portfolio, a full range of preservative-free ophthalmic solutions made to manage dry eye disease and other conditions affecting the eye surface.
The Bangko Sentral ng Pilipinas (BSP) has issued new guidance requiring all institutions under its supervision to strengthen safeguards against money laundering, terrorism financing, and proliferation financing when dealing with casino junket operators.
Former legislator Carlos Isagani Zarate of Bayan Muna on Tuesday criticized the Marcos administration's continued reliance on energy privatization and market liberalization, pointing to recent government data showing that the Philippines now has the highest power rates in Southeast Asia. Zarate argued that the country's staggering electricity costs are the direct result of neoliberal policies, particularly the Electric Power Industry Reform Act, which he said dismantled state control and handed public energy resources over to private corporations.