Tag: Peso

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Peso near lows as markets turn defensive

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.

Peso slides, stocks stall as caution builds

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.

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.

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MTerra Solar Phase 1 starts commercial operations: 600 MW delivered to Meralco

Meralco PowerGen Corp. (MGen) has begun commercial operations for 600 megawatts (MW) of MTerra Solar Phase 1 under its power supply agreement (PSA) with Manila Electric Co. (Meralco), effective August 26, 2026.

DENR deploys advanced tech to strengthen flood control and watershed protection 

Department of Environment and Natural Resources (DENR) Secretary Juan Miguel Cuna has ordered scaled-up use of science and technology across all field and enforcement units to boost forest and watershed protection, directly supporting corporate operations, infrastructure planning, and regulatory compliance nationwide.

SMC-led consortium secures original proponent status for Agus-Pulangi Hydro rehab unsolicited bid 

The Power Sector Assets and Liabilities Management Corp. (PSALM) confirmed Thursday that a consortium led by San Miguel Corp. has submitted an unsolicited proposal to rehabilitate the Agus-Pulangi hydroelectric complex in Mindanao, marking a major milestone in the government’s long-running effort to modernize and privatize one of the country’s largest remaining state-owned power assets.

Manulife expands financial, health resilience programs nationwide

Manulife Philippines and Manulife Global Solutions (MGS) are expanding community initiatives focused on financial resilience, health and well-being as longer life expectancy puts greater emphasis on preparing Filipinos for healthier and more financially secure lives.

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