Peso closes near all-time low at P62.87 vs. US dollar

GMA Network - Oct 14, 2026

The Philippine peso weakened for the second straight trading day on Wednesday, closing near its all-time low against the US dollar amid renewed tensions in the Middle East.

Read full article

More News

Estimated palay production in 3Q dropped further -- PSA 

Oct 14, 2026

Estimated palay production in 3Q dropped further -- PSA 

Palay (unhusked rice) production in the third quarter of 2026 is estimated to have further decreased, according to the latest figures by the Philippine Statistics Authority (PSA).

P42 daily minimum wage hike in Central Visayas takes effect

Oct 14, 2026

P42 daily minimum wage hike in Central Visayas takes effect

The Department of Labor and Employment (DOLE) on Wednesday reminded employers to comply with the new minimum wage rates as the P42 daily wage increase in Central Visayas takes effect on October 14.

PH soybean meal imports expected to rise by 10% -- USDA

Oct 14, 2026

PH soybean meal imports expected to rise by 10% -- USDA

The Philippines' soybean meal importation is forecast to rise by 10% in the marketing year (MY) 2026 to 2027 due to higher demand in the poultry sector, the United States Department of Agriculture (USDA) said.

Going Global 100: China’s overseas growth champions

Oct 14, 2026

Going Global 100: China’s overseas growth champions

Chinese companies are surging overseas, taking advantage of robust supply chains and technological prowess to win sales in countries offering bigger margins than the saturated domestic market. ByteDance, Shein and BYD are among the major players opening factories, sales centres or research hubs internationally in a bid to win customers worldwide. The SCMP Plus 2026 Going Global 100 tracks the leaders in this overseas push, and breaks down the strategic Chuhai or “going global” wave. Explore the...

Sluggish Chinese demand weighs on LVMH, as Louis Vuitton’s Molly Tea case casts a shadow

Oct 14, 2026

Sluggish Chinese demand weighs on LVMH, as Louis Vuitton’s Molly Tea case casts a shadow

LVMH, the world’s largest luxury goods group, has attributed an Asia sales drop in the third quarter – the only regional decline the company reported – to, in part, a slowdown in Chinese demand. The Louis Vuitton, Dior, Bulgari and Fendi parent group said Asia took a hit from a sharp macro-led deterioration in Chinese consumer sentiment, with tangible impact on discretionary expenses, the group said during an earnings call session on Monday. The fall in demand coincided with a string of...

Spotlight on Hong Kong as APEC finance ministers gather to discuss region’s economic future

Oct 14, 2026

Spotlight on Hong Kong as APEC finance ministers gather to discuss region’s economic future

[The content of this article has been produced by our advertising partner.] Hong Kong will be able to flex its growing strength and influence as a major international financial centre when the city stages the Asia-Pacific Economic Cooperation (APEC) 2026 Finance Ministers’ Meeting (FMM) for the first time, from October 20 to 21. For the city’s Financial Secretary Paul Chan Mo-po, it is an opportunity to “showcase Hong Kong’s comprehensive development in the economic, financial and social...

SMPC questions highest-bid rule in Semirara coal mine auction

Oct 14, 2026

SMPC questions highest-bid rule in Semirara coal mine auction

Consunji-led Semirara Mining and Power Corporation (SMPC) has criticized what it described as a sudden change in the bidding rules for the Semirara Island coal mines, saying the new guidelines prioritize the highest financial offer over technical capability and mining experience.

What will it take for AI-powered purchases to become the norm?

Oct 14, 2026

What will it take for AI-powered purchases to become the norm?

Anyone who has spent time on the internet researching goods and doing lengthy price comparisons will be intrigued by developments in the use of artificial intelligence (AI) for agentic commerce. This new form of online shopping involves AI-powered agents – autonomous software systems that use reasoning, memory and external tools to complete multi-step tasks across different sites and platforms on their own. They can carry out each stage of the buying process, from the initial search to comparing...

House approves Cebu Pacific's 50-year franchise

Oct 14, 2026

House approves Cebu Pacific's 50-year franchise

House approves Cebu Pacific's 50-year franchise to operate

DA eyes bigger ube exports as global demand surges

Oct 14, 2026

DA eyes bigger ube exports as global demand surges

MANILA, Philippines — The Department of Agriculture (DA) is ramping up purple yam (ube) production in Cagayan Valley to unlock more export opportunities amid surging global demand. Through its regional office in Cagayan Valley, the DA initially targets 100 hectares of farmland in Isabela for ube production and plans to expand to 500 hectares by

PCA taps sustainability group to boost coconut farming

Oct 14, 2026

PCA taps sustainability group to boost coconut farming

MANILA, Philippines — The Philippine Coconut Authority (PCA) has partnered with the Sustainable Coconut Partnership (SCP) to improve coconut farming in Davao and the Bicol Region. Both parties signed a memorandum of understanding (MOU) to establish a framework focusing on farm productivity and sustainable agricultural practices, providing long-term economic opportunities for coconut farmers and their

PH growth seen lagging Asian peers, IMF says

Oct 14, 2026

PH growth seen lagging Asian peers, IMF says

MANILA, Philippines — The International Monetary Fund (IMF) said the Philippines will likely lag behind most of its emerging and developing Asian peers this year as policymakers struggle to control inflation without further slowing economic growth. In its latest World Economic Outlook, released Tuesday, the Washington-based lender cut its 2026 growth forecast for the Philippines

Recommended