A weak peso and the hidden cost borne by overseas Filipinos
A Philippine 20-peso coin is seen among other denominations. As the peso falls to historic lows, the impact is felt far beyond currency markets, pushing up daily costs at home…
Tag: Philippine economy
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S&P keeps Philippines on path toward long-sought ‘A’ rating
Metro Manila’s financial district at sunset. The skyline of Bonifacio Global City and Makati, home to major banks and corporate headquarters, remains a visual marker of the Philippines’ economic strength as…
Philippine economy under pressure
International Monetary Fund headquarters in Washington, D.C. (Tdorante10 / CC BY-SA 4.0, via Wikimedia Commons) The widening flood-control scandal is eroding confidence in the Philippine economy, driving the peso lower…
Peso slips past ₱58 per dollar as corruption fears weigh on confidence
The Philippine peso slipped past ₱58 per US dollar as flood-control corruption fears and US dollar strength shook investor confidence, raising inflation risks but boosting OFW remittances. MANILA — The Philippine…
U.S. to Tax Remittances, Raises Alarm for Filipino Families
President Trump’s 2025 remittance tax proposal, now passed by the House, targets non-citizens sending money abroad. Overseas Filipinos and global economies brace as Senate debate looms. WASHINGTON, D.C. —…