The Philippine peso fell to a record intraday low of ?63.15 per US dollar on October 15, amid oil price concerns, US inflation, and domestic economic pressures. Read more »
The National Food Authority (NFA) has distanced itself from a proposed deal to import American rice, saying the arrangement is a private-sector initiative. Read more »
The Philippines is expected to post a current account deficit of nearly $20 billion annually through 2027, as elevated oil and commodity prices continue to drive up import costs, according to updated projections from the BSP. Read more »
German shipping giant Hapag-Lloyd has suspended new cargo bookings to Manila, Batangas, and Subic Bay until December 31, 2026, citing persistent port congestion and limited capacity for storing and returning empty containers. Read more »
Semirara Mining and Power Corp. (SMPC), the Consunji-led company that has operated the Semirara coal mine in Antique for decades, says the DOE's revised bidding rules effectively prevent it from competing for the mine’s next operating contract. Read more »
The Philippines braces for a potentially record-breaking Super El Niño in 2026–2027, raising concerns over drought, agricultural losses, water supply, power shortages, and extreme heat. Read more »
