Philippine Peso Hits Record Low of P63.52:$1, 30th All-Time Low This Year
The Philippine peso plunged to a new all-time low of P63.52 against the US dollar, marking its 30th record low this year. Rising global oil prices due to the Middle East conflict and domestic inflation concerns are cited as primary drivers.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- OSG Welcomes SC Ruling on Unprogrammed Appropriations, Seeks Review of Safeguards
The Philippine Supreme Court has ruled that unprogrammed appropriations are constitutional. The Office of the Solicitor General (OSG) welcomed the decision but announced it will seek clarification and partial reconsideration of specific safeguards imposed by the court.
- House hasn't discussed recalling 2027 budget bill – solon
The leadership of the House of Representatives has not discussed recalling the P7.2-trillion spending bill passed by the chamber last week, according to Senior Deputy Speaker Ferdinand Hernandez. The bill has already been transmitted to the Senate.
- DOF Eyes General Tax Amnesty Bill Filing by Year-End
The Philippine Department of Finance (DOF) aims to file a general tax amnesty bill in Congress by year-end. The ministry is finalizing the draft and gathering more information to ensure the program's success, particularly regarding additional taxes.
- Philippine stocks snap 5-day rally on profit-taking
Philippine stocks retreated after a five-day rally as investors took profits, with a weaker peso and higher oil prices fueling market jitters ahead of the central bank's policy decision.