Inflation, GDP, trade, jobs, the peso, taxes and tariffs shaping the Philippine economy.
Economy
MANILA, Philippines — The Philippine peso continued its record slide on Monday as markets focused on the upcoming US Federal Reserve meeting. The local currency opened the new trading week at 63.535 before falling to an intraday low of 63.8 as of 9:33 a.m., data from the Bankers Association of the Philippines showed. READ: Peso logs…
Economy
MANILA, Philippines — The peso was close to hitting P64 against the greenback as of morning’s trading on Monday. The local currency opened at P63.535 and slipped to an intraday low of P63.92:$1.
Economy
Economy
MANILA, Philippines — The Philippine peso’s slide to back-to-back record lows is breathing new life into the country’s once-stagnant manufacturing sector, HSBC said, though curbing inflation and logistics costs will be crucial to sustaining the gains.
THE peso’s continued weakness against the US dollar could help revive the Philippines’ long-stagnant manufacturing sector by making locally produced goods more competitive against imports and more affordable to foreign buyers. It can also be more valuable for Filipino families relying solely on the money sent by overseas Filipino workers…
DA Secretary Francisco Tiu Laurel Jr. expressed support for hog raisers" calls for higher pork import tariffs, noting the DA"s efforts to ease losses due to cheaper imports.
Now that the Supreme Court has declared controversial allocations in 2024, 2025 and portions of the 2026 national budgets unconstitutional, what happens next?
