Philippine Peso Hits Record Low Beyond 63.4 Per Dollar
The Philippine peso fell past 63.4 per dollar, marking a fresh record low. Investors are bracing for the Bangko Sentral ng Pilipinas' next policy move amid persistent high inflation, with the local currency's slide highlighting economic concerns.
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
- Quezon Province Seeks Geographical Indication Status for Iconic Lambanog
Quezon province in the Philippines is seeking Geographical Indication (GI) status for its iconic coconut-based liquor, lambanog. This initiative aims to protect the product's identity and heritage, enhance market recognition, and boost business opportunities for local producers.
- Zubiri Urges DA Chief to Crack Down on Pork Price Manipulators
Senator Juan Miguel Zubiri has urged the Secretary of Agriculture to crack down on pork price manipulators, smugglers, and excessive imports. Local hog raisers are struggling, and falling farm gate prices continue to affect consumers.
- DBM: No Funds Released Under 'Unconstitutional' Provisions of 2026 Budget
The Department of Budget and Management (DBM) has confirmed that no funds have been released from the special provisions authorizing unprogrammed appropriations under the 2026 General Appropriations Act, which the Supreme Court declared unconstitutional. This indicates no immediate impact on budget execution.
- BSP Hikes Rates by 50 Basis Points Amid Inflation Fears, Continues Tightening
The Bangko Sentral ng Pilipinas (BSP) raised its key policy rates by 50 basis points, continuing its monetary tightening streak, as it anticipates inflation to remain elevated through 2027. The central bank cited concerns over El Niño's potential impact on food prices.