BSP may not be done hiking rates as inflation risks mount

Inquirer.net - Oct 24, 2026

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may have more interest rate increases in store as it battles stubbornly high inflation, analysts said, a move that could change how Filipinos spend, save and invest. In a note to clients. Jojo Gonzales, research analyst at Bank of America, said the Monetary Board may deliver

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JG Summit to acquire P519-M Oriental Petroleum shares from unit

MANILA, Philippines — JG Summit Holdings Inc. plans to acquire 37.05 billion shares in Oriental Petroleum and Minerals Corp. from its wholly owned subsidiary, placing the investment directly with the parent company. The conglomerate’s board said on Friday that it approved the proposed acquisition from JG Summit Capital Services Corp. on Oct. 22. READ: JG Summit

PNB 9-month profit jumps 15% to P21.3B

Oct 24, 2026

PNB 9-month profit jumps 15% to P21.3B

MANILA, Philippines — Philippine National Bank (PNB) saw its nine-month net income grow by 15 percent to P21.3 billion as lending expanded and the share of soured loans declined. On Friday, the Lucio Tan-led bank said its earnings in the January-to-September period rose from P18.5 billion a year earlier. READ: PNB first-half profit jumped 17% to

Washington cues $34-m grant to boost ube industry

Oct 24, 2026

Washington cues $34-m grant to boost ube industry

MANILA, Philippines — The US government is providing $34.1 million (about P2 billion) in funding to advance the development of the Philippine ube industry in the next few years. Lee Lipton, Washington’s Ambassador to the Philippines, said the US Department of Agriculture (USDA) had awarded the grant under its Food for Progress Program, which supports

International passenger traffic thru NAIA swells by 2.6%

Oct 24, 2026

International passenger traffic thru NAIA swells by 2.6%

MANILA, Philippines — International passenger traffic at Ninoy Aquino International Airport (Naia) has held up in the year so far, even posting modest growth despite flight disruptions and soaring airfares that have weighed on global travel for much of 2026. Data from New Naia Infra Corp. (NNIC), the operator of the country’s main gateway, showed that

After GCash, PSE chief sets sights on Maya

Oct 24, 2026

After GCash, PSE chief sets sights on Maya

MANILA, Philippines — Philippine Stock Exchange (PSE) president and CEO Ramon Monzon is setting his sights on a local listing for Maya, hoping GCash parent Mynt Inc.’s stock market debut will help persuade its rival to follow. “Let’s work on Maya, now that GCash has been listed already,” Monzon said in an interview. READ: Mynt

Japan debt watcher sees resilient PH economy

Oct 24, 2026

Japan debt watcher sees resilient PH economy

MANILA, Philippines — The Japan Credit Rating Agency (JCR) said the Philippine economy is likely to remain highly resilient to external shocks despite mounting tariff pressures, citing the country’s strong foreign exchange buffers and potential to diversify export markets. “Given its solid foreign currency liquidity position, JCR believes that the Philippines will remain highly resilient

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Oct 24, 2026

More than 52,700 registration seal badges secured by online sellers, others --BIR

The Bureau of Internal Revenue said more than 52,700 certificates of registration with registration seal badges have been secured by online sellers, service providers, and content creators as of October 14.

Good morning Vietnam: Chinese brokers eye neighbouring springboard for overseas expansion

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Good morning Vietnam: Chinese brokers eye neighbouring springboard for overseas expansion

When Wang Junhong was helping Chinese brokerage Guotai Junan International establish a foothold in Vietnam, he had to knock on the door of a familiar Chinese bank. As part of the Hong Kong-based firm’s expansion into Southeast Asia, it had acquired a controlling stake of a small Vietnamese securities company in 2019, but it still needed financing to expand its operation. Wang, now chairman of Guotai Haitong Securities (Vietnam), turned to China Construction Bank’s branch in Ho Chi Minh City,...

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PSEi falls to 5,728 on rate hike, weaker peso 

Oct 23, 2026

PSEi falls to 5,728 on rate hike, weaker peso 

MANILA, Philippines — Local stocks retreated on Friday as investors weighed the impact of higher borrowing costs on economic growth, while a weakening peso added to market jitters. The benchmark Philippine Stock Exchange Index (PSEi) dropped 0.88 percent, or 51.10 points, to close at 5,728.63. READ: BSP unleashes jumbo rate hike vs inflation Philstocks Financial Inc.

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Peso breaches 63.6:$1 level

MANILA, Philippines — The Philippine peso fell to a record low on Friday as concerns about the domestic inflation outlook overshadowed an aggressive interest rate hike by the central bank. The currency weakened 9.5 centavos to close at 63.615 against the dollar, according to data from the Bankers Association of the Philippines. READ: BSP unleashes jumbo

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