Country: PH | Published: 2026-09-21
Philippine shares continued sliding as Middle East tensions and a weaker peso kept oil and currency worries at the center of investor attention. The domestic news flow leaned towar
Philippine shares continued sliding as Middle East tensions and a weaker peso kept oil and currency worries at the center of investor attention. The domestic news flow leaned toward development stories, including new transmission infrastructure plans, a government AI superapp launch, and foreign interest in registering a data factory locally, alongside ongoing anti-corruption rallies tied to the martial law anniversary. Corporate activity added texture, with a major conglomerate drawing a sizable stake increase from a foreign investor and a power firm publicly ruling out a sale of its geothermal unit amid takeover speculation.