Tag: Peso

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Easing inflation gives markets room to breath

After months of relentless pressure, Philippine financial markets may finally be getting some breathing space.

Inflation jitters weigh on Philippine peso, stocks

The peso and Philippine equities continued to face mounting pressure as investors grappled with persistent inflation concerns, global market volatility, and cautious sentiment over the domestic outlook.

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.

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BIR digital tracker targets faster taxpayer services nationwide

The Bureau of Internal Revenue (BIR) is testing a digital document tracking system designed to cut processing delays, reduce misplaced records and strengthen accountability as the tax agency pushes to make taxpayer services faster and more efficient.

CAMPI sees EVs to cop 30% of auto sales by end 2026

Electrified vehicles could account for as much as 30 percent of Philippine automotive sales by yearend, underscoring the rapid shift toward alternative powertrains even as the broader vehicle market is expected to contract.

APECO targets 1-GW renewable power project Aurora

The Aurora Pacific Economic Zone and Freeport Authority (APECO) is targeting up to 1 gigawatt (GW) of renewable energy capacity in Casiguran, Aurora, as it seeks to build the power infrastructure needed to attract manufacturers and accelerate industrialization in the province.

JTI warns tax hikes could fuel illicit cigarette trade

Japan Tobacco International (JTI) is warning that further increases in excise taxes on cigarettes could accelerate the decline of the Philippines’ legitimate tobacco market, potentially creating more room for illicit cigarettes to expand.

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