PH Foreign Reserves Hit 3-Year Low Amid Peso Stabilization Efforts
Economy

PH Foreign Reserves Hit 3-Year Low Amid Peso Stabilization Efforts

The Philippines' gross international reserves (GIR) fell to a three-year low of $99.996 billion in September 2026, primarily due to the central bank's foreign exchange operations aimed at stabilizing the peso. This figure reflects the nation's capacity to settle import payments and service foreign debt.

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.

  • House OKs P7.2 Trillion 2027 Budget Bill on Second Reading

    The Philippine House of Representatives has approved on second reading the proposed P7.2 trillion national budget for fiscal year 2027. Amendments include increased allocations for education, agriculture, infrastructure, social welfare, and health sectors.

  • Philippines to Import Over 5 Million MT of Rice Amid El Niño Impact

    The Philippines is set to import over five million metric tons (MT) of rice this year to bolster supply amid projected declines in domestic production due to El Niño. As of September 24, the country had already surpassed last year's total annual imports.

  • House OKs P7.2-T Spending Bill on Second Reading

    The Philippines' House of Representatives passed on second reading a P7.2-trillion spending bill, a record national budget to fund government operations, salaries, and infrastructure projects for the upcoming year.

  • House Approves P116-B Budget Amendments for 2027

    The Philippine House of Representatives approved P116 billion in amendments to the P7.2-trillion 2027 national budget. The move adopts redistribution recommendations from a select panel of lawmakers, aiming to rechannel funds within the proposed spending plan.