Manufacturing-led gains push PPI higher, while food manufacturing shows mixed movements across key categories.
Budget shortfall reaches ₱198.5 billion as lower non-tax collections offset gains in tax revenues.
Local stocks recovered from the previous session’s losses while the peso posted a strong comeback against the US dollar.
Philippine financial markets weakened further, with stocks surrendering recent gains and the peso posting a third straight day of losses.
The stock market recovered from recent losses, but the local currency remained under pressure as it slipped deeper into ₱61 territory.
Higher interest rates push up loans, credit cards, and business financing as inflation pressures persist.
Proposal aligns with OECD global tax framework; firms with ₱45B+ revenue covered.
Ramon Ang-backed firm tops Philippine entries as Top Frontier leads list following San Miguel Corp. exit.
The local currency continued its recovery and posted one of its strongest finishes in over a month, while the stock market surrendered a fraction of its previous day’s outsized gains.
Bangko Sentral ng Pilipinas says external debt remains manageable as reserves stay strong at over $106 billion, covering short-term obligations more than four times over.
