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BOP deficit narrowed in August despite Middle East woes

Headlines / Featured

PH, Canada hit breakthrough on free trade agreement

Columns

BIZ BUZZ: A quiet exit from Sun Life unit

Sunday Biz

Ube’s sweet success faces growth pains

Sunday Biz

The business behind TikTok livestreaming

Business Insights
Foreign Exchange Rate
August 28, 2026
usd
1 USD = 61.7640
Currency Peso Equivalent
jpy
JPY
0.3876
gbp
GBP
84.0423
hkd
HKD
7.8799
chf
CHF
76.8495
CAD
CAD
44.5885
SGD
SGD
48.6178
AUD
AUD
44.4330
BHD
BHD
163.8824
Currency Peso Equivalent
SAR
SAR
16.4507
BND
BND
48.4272
IDR
IDR
0.0035
JPY
THB
1.8800
AED
AED
16.8161
EUR
EUR
71.9859
KRW
KRW
0.0448
CNY
CNY
9.1911
Index Report
Market CLOSED: Sep 16, 2026 3:58 PM
Index
Value
Chng%
PSEi
5,916.94
1.51
All Shares
3,300.26
1.26
Financials
1,845.51
0.7
Industrial
7,773.87
1.26
Holding Firms
4,180.51
0
Services
3,208.25
3.18
Mining and Oil
21,317.54
0.83
Property
1,830.77
0.89

Industries

Gensan biz chamber backs Socoteco II-Ignite deal

MANILA, Philippines — The General Santos City Chamber of Commerce and Industry has expressed support for the proposed deal to inject new capital into South Cotabato II Electric Cooperative (Socoteco...

Finance

BOP deficit narrowed in August despite Middle East woes

MANILA, Philippines — The Philippines’ dollar deficit narrowed in August despite continued volatility tied to the Middle East conflict, as resilient inflows from key sources like remittances may have helped offset...

Consumer & Retail

Puregold marks 28th year with bigger household push

Puregold marks 28th year with bigger household push

MANILA, Philippines —Puregold Price Club Inc. is enhancing ties with Filipino households as it marks its 28th year, fueled by higher consumer spending that boosted…

Columns
ALL IN THE FAMILY

The Church and AI

Pope Leo on AI 

Do awards motivate business?

Michelin and the family restaurant

Tourism & Transportation

Grab takes the reins of fintech Atome Financial

MANILA, Philippines — Grab is deepening its push into financial services with a $1.49-billion deal to acquire a controlling stake in Atome Financial, the Singapore-based buy…

Foreign News

PH, Canada hit breakthrough on free trade agreement

MANILA, Philippines — Manila and Ottawa have resolved major roadblocks to a landmark free trade agreement (FTA) during the fourth round of negotiations earlier this month,…

Peso closes in on 63:1$

Economy

Debt ratio seen rising to 70.7% by 2027 in severe conditions

MANILA, Philippines — Philippine debt could climb to as much as 70.7 percent of gross domestic product by 2027 under a severe downside economic scenario, according…

Communications

US-backed subsea cable network eyes PH link

MANILA, Philippines — The US plans to connect Thailand to the US through a submarine cable network that includes Manila, avoiding security risk areas like the…

Industry Movements

AI transforming, not cutting PH outsourcing jobs – study

The artificial intelligence (AI) boom has not yet caused a decline in the Philippines’ service-export revenues or employment, ING Bank N.V. said, arguing that AI…

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