BSP unleashes jumbo rate hike vs inflation

Inquirer.net - Oct 23, 2026

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) raised its policy rate by half a percentage point to 5.5 percent on Thursday, delivering a bigger-than-expected increase as it stepped up its fight against stubbornly high inflation. The decision by the Monetary Board, the central bank’s top policymaking body, brought the overnight borrowing rate to

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Philippine merchandise exports seen breaching $100-B mark in 2026

Oct 23, 2026

Philippine merchandise exports seen breaching $100-B mark in 2026

MANILA, Philippines — Philippine merchandise exports could breach the $100-billion mark for the first time this year, as booming global demand for semiconductors and electronics continues to drive the country’s shipments to record highs. Trade Undersecretary Ceferino Rodolfo expressed confidence that exports would sustain their momentum through the remaining months of 2026, and potentially push

Miners decry proposed policy on contract awards

Oct 23, 2026

Miners decry proposed policy on contract awards

MANILA, Philippines — A joint circular from the Department of Energy (DOE) and the Department of Environment and Natural Resources (DENR) might undermine the government’s efforts to make the Philippine mining industry a major driver of economic growth, according to industry players. The Chamber of Mines of the Philippines and the Philippine Nickel Industry Association warned

Peso extends losses, falls past 63.5:$1

Oct 23, 2026

Peso extends losses, falls past 63.5:$1

MANILA, Philippines — The Philippine peso sank to another record low on Thursday, extending its slide despite a larger-than-expected interest rate increase by the Bangko Sentral ng Pilipinas (BSP), as broad US dollar strength continued to weigh on the currency. The local currency weakened by 15.9 centavos to close at 63.52 per dollar, surpassing the

Ecozone investments meet P300-billion 2026 target early

Oct 23, 2026

Ecozone investments meet P300-billion 2026 target early

MANILA, Philippines — Investments at economic zones drew closer to reaching a record high in 2026 after the Philippine Economic Zone Authority (Peza) approved new projects that brought its year-to-date pipeline to P309.63 billion, surpassing the agency’s full-year target. According to Peza, the investment tally as of October marked a 76.56-percent increase from P175.365 billion

State-firm Psalm gets no offer for Quezon City property

Oct 23, 2026

State-firm Psalm gets no offer for Quezon City property

MANILA, Philippines — The Power Sector Assets and Liabilities Management Corp. (Psalm) failed to realize at least P11.09 billion from the planned sale of a portion of its Diliman property, after prospective buyers were no-shows on the bidding deadline. Psalm President and CEO Edward Dela Serna said the state-run company declared a “failed bidding” on

The Adoption Reality Gate: Why superior products die without behavioral strategy

Oct 23, 2026

The Adoption Reality Gate: Why superior products die without behavioral strategy

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Visa eyes stablecoin rollout in PH 

Oct 23, 2026

Visa eyes stablecoin rollout in PH 

MANILA, Philippines — Global payments firm Visa is exploring stablecoin use cases with Philippine banks and fintechs as it seeks to reduce the cost and friction of cross-border payments, amid still limited awareness and trust in the emerging digital currency among Filipino consumers. This comes as Visa’s Money Travels 2026 study found that roughly four

Top brands honored at Inquirer–Statista Best Customer Service Awards

Oct 23, 2026

Top brands honored at Inquirer–Statista Best Customer Service Awards

MANILA, Philippines — Customer expectations are shifting faster than ever, and delivering a superior customer service experience has become a significant differentiator in business. A number of these companies that have set a high standard for service excellence in the Philippines were recognized in an exclusive awarding ceremony held last Oct. 9 at the Edades

Fighting for the last hundredths

Oct 23, 2026

Fighting for the last hundredths

[The content of this article has been produced by our advertising partner.] As Formula One moves from Singapore to Austin, Richard Mille and Ferrari show how innovation, performance and talent development can become powerful drivers of brand value. With the Formula One season entering a decisive phase following the Singapore Grand Prix, Ferrari remains one of the sport’s most closely watched teams. Whether through the performances of Ferrari drivers Charles Leclerc, a long-time Richard Mille...

Diesel pump prices up, gasoline down next week

Oct 23, 2026

Diesel pump prices up, gasoline down next week

Motorists are set to see another round of mixed movements in pump prices next week, according to an oil industry source.

Even as Beijing boosts oversight, Chinese investors continue pivot to offshore assets

Oct 23, 2026

Even as Beijing boosts oversight, Chinese investors continue pivot to offshore assets

Chinese households are increasingly shifting assets from real estate and bank deposits into more lucrative investments at home and abroad, despite growing oversight, Moody’s Ratings said. A multi-year downturn in the Chinese property market and low interest rates are fuelling the demand for alternative investments, the ratings agency said in a report published this week. Chinese investors are looking for investments that “offer higher returns than deposits while maintaining relatively low risk,”...

Wall Street piles into Hong Kong’s dim sum bonds despite fading yuan funding edge: BofA

Oct 23, 2026

Wall Street piles into Hong Kong’s dim sum bonds despite fading yuan funding edge: BofA

Hong Kong’s offshore yuan bond market is becoming an increasingly important funding source for global banks, with US lenders driving a surge in issuance even as the currency’s traditional funding advantage over the dollar narrows. The shift offers a glimpse of how financial ties between Wall Street and China are evolving despite geopolitical tensions. For US banks, the attraction increasingly lies in access to Chinese capital rather than lower borrowing costs. Offshore yuan-denominated bonds,...

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