Philippine Stocks Edge Lower as Peso Hits Record Weakness Against Dollar
The benchmark index slipped 0.03 percent as traders weighed fresh US tariffs, oil prices above $100 per barrel, and the peso's decline to 61.847 per dollar.
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The benchmark index slipped 0.03 percent as traders weighed fresh US tariffs, oil prices above $100 per barrel, and the peso's decline to 61.847 per dollar.

The greenback traded at a three-week high Friday while oil prices climbed above $100 per barrel following Houthi attacks on Saudi tankers in the Red Sea.

New minimum wage hike sparks clash over productivity data, with economists warning of structural challenges while labor advocates cite stagnant real wages

Red Sea attacks on Saudi tankers push benchmark prices past $100 for first time since May, with depleted reserves leaving markets fewer options to absorb shocks

Net buying from overseas investors drove the PSEi past 6,400 for the first time since February, powered by cooling US inflation and aggressive domestic rate policy

The uptick in consumer prices strengthens the Bank of Japan's position as it prepares for further monetary policy tightening.

US strikes on Iran and Houthi attacks on Red Sea tankers push oil to six-week highs, renewing inflation fears across Asian markets

Half of surveyed analysts expect the central bank to hold off on policy tightening until December, reflecting uncertainty over Japan's economic trajectory.

Domestic prices fell 8.4% this year while global bullion retreats from two-week highs amid inflation concerns and Fed rate expectations

Most economists now expect a quarter-point move before year-end, with inflation and currency pressure outweighing debt concerns

Metro Manila's 12% minimum wage increase and peso depreciation create a challenging environment for the central bank's inflation targeting

The Philippines' largest single daily wage adjustment in 37 years has caught monetary authorities off-guard, threatening to complicate inflation targeting across the capital region and beyond.

Central bank data shows petroleum price declines offset gains in electronics, halting inflation momentum as Middle East tensions ease

Central bank warns P85 daily minimum wage increase may force prolonged high interest rates, while structural agriculture failures keep food prices elevated across the archipelago

One-year inflation expectations climb to 3.4 percent in June, with transport and tech costs leading concerns amid global supply pressures

Bank Negara Malaysia is widely expected to leave its benchmark rate at 2.75 per cent this week, with economists pointing to surging electronics shipments and a widening current account surplus as key factors supporting the decision.

Currency hits one-month low as Iran shuts critical shipping route, pushing oil prices up 3% and widening India's trade deficit to $30.4 billion in June

Gift Nifty signals a 200-point drop for the Nifty while foreign investors turn sellers, compounding pressure from geopolitical uncertainty and elevated oil prices.

Nifty futures point to a 200-point gap down Tuesday as Iran standoff stokes inflation fears and foreign investors resume selling

Rengo's final tally shows 5,368 member companies delivered an average 5.01% pay increase in 2026 spring wage negotiations

Record fiscal 2025 collections driven by rising corporate earnings and consumption as inflationary pressures lift nominal economic activity