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Toby Magsaysay

Latest

OFW remittances rebound to $2.87B in March

OFW remittances rebound to $2.87B in March

Cash remittances from overseas Filipino workers (OFWs) reached $2.87 billion in March, rebounding by $85 million from February’s nine-month low and bringing…

Toby Magsaysay · 15 May 2026 · 2 min read

Corruption fallout may deepen economic pain — BMI

Corruption fallout may deepen economic pain — BMI

A lack of accountability in dealing with corrupt politicians may precipitate further political unrest and worsen the country’s already grim economic outlook,…

Toby Magsaysay · 15 May 2026 · 3 min read

ADB offers $1.75B lifeline for Philippines amid oil crisis

ADB offers $1.75B lifeline for Philippines amid oil crisis

The Asian Development Bank (ADB) has offered up to $1.75 billion in additional financing support to help the Philippines cushion the economic impact of the…

Toby Magsaysay · 15 May 2026 · 2 min read

Phl economy drifting into stagflation territory — HSBC

Phl economy drifting into stagflation territory — HSBC

Hongkong and Shanghai Banking Corporation (HSBC) has cautioned that the Philippines is increasingly showing signs of stagflation as soaring oil prices and…

Toby Magsaysay · 15 May 2026 · 2 min read

Peso sinks to new low as market climbs past 6,000

Peso sinks to new low as market climbs past 6,000

The local currency slid to another record low against the US dollar on Thursday even as the Philippine Stock Exchange Index (PSEi) surged back above the 6,000…

Toby Magsaysay · 14 May 2026 · 2 min read

BSP crafts national financial education strategy

BSP crafts national financial education strategy

The Bangko Sentral ng Pilipinas (BSP) is spearheading the development of the National Strategy for Financial Education (NSFE), part of broader efforts to…

Toby Magsaysay · 14 May 2026 · 2 min read

Lopezes withdraw Piki ouster move

Lopezes withdraw Piki ouster move

The majority faction of the Lopez family has withdrawn its resolution seeking the removal of Federico “Piki” Lopez as president and chief executive…

Toby Magsaysay · 14 May 2026 · 2 min read

Peso sinks to new low as market climbs past 6000

Peso sinks to new low as market climbs past 6000

The local currency slid to another record low against the US dollar on Thursday even as the Philippine Stock Exchange Index (PSEi) surged back above the 6,000…

Toby Magsaysay · 14 May 2026 · 2 min read

Lopez majority squashes beef, withdraws Piki ouster

Lopez majority squashes beef, withdraws Piki ouster

The majority faction of the Lopez family — which controls 71 percent of shares in the family’s ultimate parent company, Lopez Inc. (LI) — has withdrawn its…

Toby Magsaysay · 14 May 2026 · 3 min read

BSP crafts national financial education strategy

BSP crafts national financial education strategy

The Bangko Sentral ng Pilipinas (BSP) said it is spearheading the development of the National Strategy for Financial Education (NSFE), part of broader efforts…

Toby Magsaysay · 14 May 2026 · 2 min read

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