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.
The Philippine stock market is navigating a mixed outlook as the PSEi contends with renewed foreign selling, offset partially by improving domestic investor sentiment and anticipated foreign inflows into the local bond market.
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 Stock Exchange index (PSEi) slid 1.3 percent to 6,384.58, extending profit-taking for a second session after touching seven- to nine-month highs. Even so, the benchmark remains comfortably above the 6,000 mark, keeping the broader uptrend intact and suggesting the pullback is more consolidation than reversal.
Consumers and business operators across the Philippines can expect mixed relief at the pumps this week, highlighted by a substantial price drop for gasoline products alongside steady to slightly higher diesel rates.
The Philippines sees brighter prospects for its pineapple and abaca products following their successful showcase at the Food and Agriculture Organization’s World Food Forum 2026 in Italy, the Department of Agriculture (DA) said Sunday.
The Department of Agriculture (DA) is launching a full investigation into reports that allegedly smuggled vegetables are making their way into local markets, raising concerns about fair trade, farmer livelihoods, and food safety.
There was a time when watching a basketball game largely meant arguing about the referee, questioning the coach’s substitutions, and insisting that the player who missed three free throws should have been benched in the second quarter. These remain perfectly respectable ways to ruin a Sunday afternoon. Of late, however, there is increasingly another reason to get worked up over a game: money.