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OECD cuts 2026 PH GDP growth forecast to 3.2%

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PH bank assets top P30 trillion

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Peso at risk of hitting 64:$1 level–MUFG

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PH banks’ bad loan ratio rises to 8-mo high

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Repayments drive dip in government debt stock

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Latest Business Stories

PSEi snaps 3-day climb on profit-taking

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How the Dodge mindset still shapes industrial policy

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PSE drafts new market-making standards

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World Bank: PH to miss 2028 single-digit poverty goal

Business Insights
Foreign Exchange Rate
June 3, 2026
usd
1 USD = 61.7190
Currency Peso Equivalent
jpy
JPY
0.3860
gbp
GBP
83.1478
hkd
HKD
7.8757
chf
CHF
78.4231
CAD
CAD
44.5914
SGD
SGD
48.2519
AUD
AUD
44.3142
BHD
BHD
163.7630
Currency Peso Equivalent
SAR
SAR
16.4448
BND
BND
48.0640
IDR
IDR
0.0035
JPY
THB
1.8909
AED
AED
16.8039
EUR
EUR
71.7792
KRW
KRW
0.0407
CNY
CNY
9.1233
Index Report
Market CLOSED: Jun 3, 2026 3:59 PM
Index
Value
Chng%
PSEi
5,953.17
0.69
All Shares
3,339.32
0.22
Financials
1,785.49
0.36
Industrial
8,328.81
1.18
Holding Firms
4,324.62
1.15
Services
3,144.88
3.74
Mining and Oil
18,066.22
0.69
Property
1,863.16
0.41

Industries

ERC to release decision on Meralco’s P272-B capex by Q3

MANILA, Philippines – The Energy Regulatory Commission (ERC) targets to rule by the third quarter on Manila Electric Co.’s (Meralco) proposed P272 billion capital through 2030 for network upgrades. In a...

Finance

PSEi snaps 3-day climb on profit-taking

MANILA, Philippines – Philippine stocks retreated on Thursday as investors locked in gains following a three-day rally, while renewed tensions between the United States and Iran dampened risk appetite and revived...

Consumer & Retail

Maynilad water rates down by 12 centavos/cubic meter in Q3

Maynilad water rates down by 12 centavos/cubic meter in Q3

MANILA, Philippines – Maynilad Water Services Inc. customers will see a slight reduction in their water bills in the third quarter, while rates of Manila…

Columns
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Tourism & Transportation

AirAsia Philippines settles CAAP dues; hits ‘smear campaign’

MANILA, Philippines – Low-cost carrier AirAsia Philippines settled its outstanding obligations with the Civil Aviation Authority of the Philippines (Caap) averting a potential ban at government-run…

Foreign News

DTI slaps duties on cement from China, Indonesia

MANILA, Philippines – The Department of Trade and Industry imposed P349-per-ton safeguard duties on cement imports from China and Indonesia after shipments exceeded exemption thresholds. DTI…

Economy

World Bank: PH to miss 2028 single-digit poverty goal

MANILA, Philippines – The Philippines is unlikely to meet its target poverty rate of 8.8 percent to 9 percent by 2028, with nearly 28 percent of…

Communications

San Miguel files for P30-B preferred share offering

MANILA, Philippines – San Miguel Corp. (SMC) is seeking to raise as much as P30 billion from a preferred share sale, with proceeds earmarked for…

Industry Movements

BancNet earnings climb on digital payments boom, assets top P2B

MANILA, Philippines – BancNet Inc. saw its profits rise by nearly 12 percent in 2025 despite its continued investments in payments infrastructure, with its total…

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