
Philippine Peso Nears All-Time Low Amid Middle East Tensions
The Philippine peso weakened for the second straight trading day, closing near its all-time low against the US dollar at P62.87 amid renewed Middle East tensions. This level is just three centavos shy of the record low of P62.90 registered on October 8, 2026.
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
- Philippines Customs to Fully Roll Out Processing System by Mid-2027
The Bureau of Customs (BOC) of the Philippines plans to fully implement its Customs Processing System (CPS) by June or July 2027, a digital platform aimed at streamlining import and export transactions for greater speed and transparency.
- ERC Suspends Reserve Market Trading Indefinitely to Curb Soaring Prices
The Energy Regulatory Commission (ERC) in the Philippines has indefinitely suspended trading in the reserve market to curb persistently high prices. This move is expected to stabilize electricity rates, though it removes an earnings upside for some power generators.
- PH Soybean Meal Imports Seen Rising 10% Amid Poultry Demand Growth - USDA
The United States Department of Agriculture (USDA) forecasts a 10% increase in the Philippines' soybean meal imports to 3.85 million metric tons in the 2026-2027 marketing year, driven by robust demand from its poultry sector. The Philippines remains a top export market for U.S. soybean meal.
- Metro Manila Building Materials Wholesale Price Growth Slows to 3-Month Low
Wholesale price growth for building materials in Metro Manila slowed to its lowest rate in three months as of October 2026, according to the Philippine Statistics Authority. This moderation may reflect the impact of government inflation control measures and seasonal demand fluctuations.