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770-room Hotel101 rising in Bangkok

Latest Business Stories

Gov’t outstanding debt rises to P18.55T in May

Headlines / Featured

BSP: Inflation likely eased in June to 6-7%

Headlines / Featured

ING: PH trails Asia in consumer recovery

Latest Business Stories

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Latest Business Stories

Clark Freeport adding 10-M liter wastewater facility

Uncategorized

MGEN’s Iloilo coal plant back online

Latest Business Stories

PSEi climbs above 6,100 on World Bank upgrade

Business Insights
Foreign Exchange Rate
July 2, 2026
usd
1 USD = 61.6070
Currency Peso Equivalent
jpy
JPY
0.3791
gbp
GBP
81.8018
hkd
HKD
7.8547
chf
CHF
76.1332
CAD
CAD
43.3516
SGD
SGD
47.5657
AUD
AUD
42.4657
BHD
BHD
163.4702
Currency Peso Equivalent
SAR
SAR
16.4067
BND
BND
47.3827
IDR
IDR
0.0034
JPY
THB
1.8478
AED
AED
16.7761
EUR
EUR
70.1211
KRW
KRW
0.0397
CNY
CNY
9.0759
Index Report
Market CLOSED: Jul 1, 2026 3:58 PM
Index
Value
Chng%
PSEi
6,069.26
0.53
All Shares
3,324.78
0.17
Financials
1,868.03
0.93
Industrial
8,398.32
0.87
Holding Firms
4,313.84
0.57
Services
3,210.65
0.71
Mining and Oil
13,645.21
1.44
Property
1,857.93
0.31

Industries

DA earmarks P550M for national seed reserves

MANILA, Philippines – The government plans to invest about P550 million in the next two years to build national seed reserves in strategic locations across the country. This year, the...

Finance

PSEi climbs above 6,100 on World Bank upgrade

MANILA, Philippines – Local stocks rose on Thursday as investors welcomed the World Bank’s decision to upgrade the Philippines to upper middle-income status, while an improvement in factory activity also...

Consumer & Retail

Corporate gifting emerges as strategic business tool as buyers’ show opens largest edition

As businesses navigate an increasingly digital and competitive landscape, companies across the Philippines are rethinking how they build and sustain relationships, with many turning to…

Columns
ALL IN THE FAMILY

The Church and AI

Pope Leo on AI 

Do awards motivate business?

Michelin and the family restaurant

Tourism & Transportation

LRT 1 Common Station project gets green light

MANILA, Philippines – The long-delayed LRT 1 Common Station project has moved a step closer to construction after securing approval from the Investment Coordination Committee-Cabinet…

Foreign News

Foreign-currency loans in the Philippines slipped in Q1

MANILA, Philippines – Foreign currency loans granted by banks edged lower in the first quarter, a decline that came before the outbreak of conflict in…

Economy

Recto cheers PH upgrade to upper middle-income status

@abris_ej MANILA, Philippines – Executive Secretary Ralph G. Recto welcomed the Philippines’ elevation to upper middle-income country status, saying the milestone reflects stronger economic fundamentals and…

Communications

Globe to roll out Starlink satellite service

MANILA, Philippines – Globe Telecom Inc. has secured regulatory approval to roll out its direct-to-mobile satellite service with Elon Musk’s Starlink, becoming the first telecommunications…

Industry Movements

BPI⁠ waives InstaPay, PESONet transfer fees starting July 1

MANILA, Philippines – The Bank of the Philippine Islands (BPI) will permanently waive fees for interbank fund transfers made through its digital channels starting July 1,…

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