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 »
Rice prices up 30 percent are hitting low-income households in Western Visayas hardest, according to the Philippine Statistics Authority. Read more »
More Filipino families consider themselves poor, with 55% describing their households as mahirap in a September survey by Social Weather Stations (SWS). 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 »
ADB and S&P Global Ratings have lowered their economic growth forecasts for the Philippines, citing the prolonged impact of the Middle East crisis, weaker investments, and lingering price pressures. Read more »
The Philippines’ progress in reducing poverty is prompting calls for a stronger focus on the industries and investments that can create stable sources of income for Filipino households. Read more »
