Country: PH | Published: 2026-09-16
Philippine stocks tumbled toward the 6000 level as the peso slid further, with high bond yields also complicating the government's push to boost spending. Frequent work and class s
Philippine stocks tumbled toward the 6000 level as the peso slid further, with high bond yields also complicating the government's push to boost spending. Frequent work and class suspensions likely dampened third-quarter growth, adding to a broader mood of economic strain, though e-commerce sales are seen outpacing traditional retail as one bright spot for consumers. Politically, the Supreme Court is pressing Congress to enact an anti-dynasty law, while the Bangko Sentral reported July cash remittances hit a seven-month high, offering some support to household spending.