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 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 »
Prime Infrastructure Capital Inc., the infrastructure company led by billionaire Enrique Razon Jr., expects to double its revenue and earnings over the short to medium term, driven by acquisitions, existing businesses, and new power projects. Read more »
Private workers in Cagayan Valley are seeking a P100 increase in their daily pay, with labor groups pointing to rising household expenses and other financial obligations as reasons for the proposed adjustment. Read more »
The IMF backed the Philippines’ LPG and kerosene excise tax suspension but warned against extending the tax break to gasoline amid revenue concerns. Read more »
Jeepney fares increased on Sept. 28 as Manibela began a three-day strike over rising fuel prices, with PISTON set to strike on Sept. 29–30. Read more »
