Hormuz blockade drags PSEi, peso lower
The blockade by the United States of the Strait of Hormuz over the weekend weighed on both the local bourse and foreign exchange market on Monday, 13 April, as…
· 2 MIN READ
Daily TribuneTopic
The blockade by the United States of the Strait of Hormuz over the weekend weighed on both the local bourse and foreign exchange market on Monday, 13 April, as…
· 2 MIN READ
For the first time since mid-March, the local bourse ended the trading week above the 6,000 level, while the peso closed just below P60, as investors traded…
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The Asian Development Bank now projects Philippine gross domestic product growth at 4.4 percent for 2026 — a 0.9-percentage-point downgrade from its December…
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Rizal Commercial Banking Corporation (RCBC) has raised P20.5 billion through its fixed-rate, peso-denominated Series G ASEAN Sustainability Bonds due 2029,…
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The purchasing power of the Philippine peso has declined sharply over the past eight years, with P1 in 2018 now equivalent to just 75 centavos today, according…
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Gross internal reserves dropped to $107.5 billion as of end-March, from February’s $112.7 billion record high. Still, the BSP said, ‘this level provides an…
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Trading activity was robust with all sectors finishing in positive territory even as the local currency made a strong rebound, sharply appreciating to P59.43…
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The Philippine Stock Exchange index (PSEi) closed Monday at 5,948.33, down 0.84 percent, as the market reopened from the Holy Week break to weaker sentiment…
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The BoP deficit is projected to reach $7.8 billion in 2026 and $8.5 billion in 2027, or 1.5 percent and 1.6 percent of GDP, respectively, and deeper than the…
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‘This is not what we want (the government intervening with peso slide against the US dollar). This is truly having an impact, and the weakening of the peso…
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Malacañang on Tuesday said the government has limited control over the peso’s continued weakening against the US dollar, citing the ongoing conflict in the…
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The peso has slumped to a new record low on Monday, closing at 60.69 against the US dollar, as rising oil imports and escalating geopolitical tensions…
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The benchmark Philippine Stock Exchange index (PSEi) closed Monday at 5,869.49, down 1.73 percent, as the local market began Holy Week trading on a negative…
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The Philippine peso sank to a new record low of P60.55 per US dollar on Friday afternoon as the crisis in the Middle East continued to weigh on the currency…
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Meanwhile, the peso hovered near record lows, weakening to P60.23 from P60.10 previously against the dollar, reflecting a renewed shift toward risk aversion in…
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JG Summit Holdings Inc. (JGS), the flagship of the Gokongwei Group, said it is taking a “prudent and disciplined” approach to 2026 amid heightened global…
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The market rebounded on bargain hunting after 2 consecutive days of decline while the peso appreciated to P59.95 from yesterday’s P60.30 close, moving back…
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In the long term, this crisis is a loud, expensive signal that our dependence on imported fossil fuels is a national security risk.
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