Peso Hits New Record Low Ahead of BSP Meeting
The Philippine peso fell deeper into the 63-per-dollar territory on Wednesday, setting a new record low ahead of the Bangko Sentral ng Pilipinas’ (BSP) next rate-setting meeting. The local currency reached an intraday low of 63.3 against the greenback.
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
- 30 Municipalities Lack Classroom Funding Despite Shortages, EDCOM 2 Reveals
Thirty fifth-class municipalities in the Philippines face a deficit of 356 classrooms, having received no funding for new facilities in FY 2026, according to the Second Congressional Commission on Education (EDCOM 2). The report highlights a disparity in budget allocation, with wealthier municipalities receiving preferential treatment.
- Philippines National Budgets Declared Unconstitutional by Supreme Court; DBM Reviewing Decision
The Philippine Supreme Court has declared the 2024 and 2025 national budgets unconstitutional, citing congressional additions to appropriations beyond the President's recommendations. The Department of Budget and Management (DBM) is now reviewing the decision's legal and fiscal implications to determine the next steps.
- SC ruling shows 2024, 2025 GAAs ‘worst’ in history – Lacson
Senator Panfilo Lacson has slammed the 2024 and 2025 General Appropriations Acts (GAAs) as the 'worst budgets in history' following a Supreme Court ruling declaring certain provisions unconstitutional. The decision sparks debate on congressional power and constitutional limits in budget formulation and execution.
- PSEi Rallies on Bargain Hunting, Post-GCash Listing; Policy Outlook Eyed
The Philippine Stock Exchange index (PSEi) rose on bargain hunting and the recent public listing of GCash's parent company, Mynt. However, investor sentiment remains cautious ahead of the Bangko Sentral ng Pilipinas' monetary policy meeting.