Tag: Peso

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Peso stalls, stocks drift amid global uncertainty

The Philippine peso edged weaker last week, pausing after two consecutive weeks of gains as the dollar-peso pair settled into a narrow trading band.

Volatility to persist as PSEi tests support

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.

Peso falls to record low vs USD as Iran retaliates, oil soars

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.

Philippine stock to stall near resistance, peso to test lows

Philippine financial markets could face choppy trading ahead as investors weigh technical resistance levels in equities against fresh pressure on the peso from global risks, including elevated oil prices.

Peso pauses, stocks steady on rate cut

The peso’s recent rise is taking a short break, and analysts say that’s normal.

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Digiplus inks deal boosting digital gaming at LaVie Casino

Digiplus Interactive Corp. has entered into a cooperation agreement with New Coast Leisure Inc. and Total Gamezone Xtreme Inc. to operate digital gaming services at LaVie Resort and Casino Manila. The non-exclusive arrangement covers technical support, content integration, and management of approved online games. LaVie is owned by International Entertainment Corp., which Digiplus is in the process of acquiring.

Nickel Asia secures right to operate two Zambales nickel sites

Nickel Asia Corporation (NAC) on Wednesday said that its subsidiary Samar Nickel Mining Resources has signed an operating agreement with San Juanico Resources Corp. The deal gives Samar Nickel the right to manage mineral claims covering roughly 3,432 hectares in Candelaria and Sta. Cruz, Zambales, under MPSA No. 265-2008-III. It remains subject to approval by the Mines and Geosciences Bureau.

Foreign direct investment holds steady at $1.7 billion, reflecting confidence in Philippine economy

Foreign investors continue to show confidence in the Philippines, with total foreign direct investment (FDI) reaching US$1.7 billion in the first three months of 2026. Data from the Bangko Sentral ng Pilipinas (BSP) shows that both fresh equity placements and reinvested earnings remained largely unchanged compared to recent periods, signaling that overseas businesses see stable opportunities in the country.

SEC opens second comment period for revised online lending rules

The Securities and Exchange Commission (SEC) has released draft guidelines for a second round of public feedback, aiming to end the current moratorium on registering new online lending platforms while tightening rules to strengthen oversight and better protect borrowers.

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