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.
Philippine equities held their footing above the 6,000 level as caution continued to dominate trading, with analysts balancing global headwinds against pockets of domestic resilience.
The Philippine Airlines (PAL) plans to start nonstop flights from Manila to Delhi and Mumbai in December 2026, pending approval from the Indian government.
The return of indigenous Malampaya natural gas to the 1,200-megawatt Ilijan Power Plant in Batangas is expected to slash electricity generation charges by about 36 centavos per kilowatt-hour, offering much-needed relief to consumers while cutting foreign fuel dependence.
At the Subdivision and Housing Developers Association Convention, Globe presented connectivity as a fundamental component of modern housing rather than an auxiliary service.
Residential property prices across the country experienced a significant cooling period in the second quarter of 2026, registering their slowest year-on-year growth rate since tracking began in 2019, according to the Bangko Sentral ng Pilipinas (BSP). While property values in the National Capital Region continued to expand, this upward momentum was dragged down by a widespread price drop in regions outside the capital. The downturn, the BSP noted, was most pronounced in regions beyond Greater Manila, marking the first time overall prices outside the capital region have contracted on an annual basis and signaling a clear shift in the country's housing dynamics.