Tag: Peso

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Hormuz risk keeps peso, PSEi on edge

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Philippine financial markets are heading into the week on a cautious footing as renewed threats by Iran to potentially close the Strait of Hormuz inject fresh volatility into global oil supply expectations and inflation outlooks, according to Rizal Commercial Banking Corp. chief economist Michael Ricafort.

Easing inflation gives markets room to breath

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

Inflation jitters weigh on Philippine peso, stocks

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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

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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

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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.
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DOT, HSMA offer hotel discounts of up to 70% for holidays

Travel & Tourism 0
A hotel getaway may be easier on the holiday budget this year, with the Department of Tourism (DOT) and the Hotel Sales and Marketing Association (HSMA) Philippines offering accommodation discounts of up to 70 percent across 68 hotels and resorts nationwide.

InLife earns sixth 4-Golden Arrow governance award

Corporate Bulletins 0
Insular Life Assurance Co. Ltd. (InLife) has won its sixth 4-Golden Arrow Award, the highest recognition given by the Institute of Corporate Directors (ICD) for corporate governance performance, extending its record of recognition under the ASEAN Corporate Governance Scorecard.

PSBank secures top PhilRatings credit rating

Banking & Insurance 0
Philippine Savings Bank (PSBank) has received the highest issuer credit rating from Philippine Rating Services Corp. (PhilRatings), reflecting its strong capitalization, sound asset quality, leading position in the thrift banking sector and backing from the Metrobank Group.

PEZA ecozone proclamations to miss 2026 goal despite record investments 

Trade & Investments 0
The Philippine Economic Zone Authority (PEZA) expects to miss its 2026 target for new economic zone proclamations, even as investment approvals surge past its annual goal and threaten to eclipse the agency’s 2012 record.

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