Business
Headlines / Featured

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

Headlines / Featured

ING: PH trails Asia in consumer recovery

Headlines / Featured

Households get open access to electricity

Headlines / Featured

Record-breaking: GCash applies for P92.3-B IPO

Headlines / Featured

BSP sets AI governance framework for banks

Business Insights
Foreign Exchange Rate
July 1, 2026
usd
1 USD = 61.2900
Currency Peso Equivalent
jpy
JPY
0.3770
gbp
GBP
81.3012
hkd
HKD
7.8154
chf
CHF
75.8540
CAD
CAD
43.1954
SGD
SGD
47.3758
AUD
AUD
42.4066
BHD
BHD
162.6247
Currency Peso Equivalent
SAR
SAR
16.3136
BND
BND
47.1934
IDR
IDR
0.0034
JPY
THB
1.8444
AED
AED
16.6889
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EUR
70.0054
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KRW
0.0397
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CNY
9.0292
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

Court denies plea to stop Socoteco II’s rejection of Meralco bid 

MANILA, Philippines – A regional trial court in South Cotabato has denied a petition seeking to stop the implementation of the South Cotabato Electric Cooperative’s (Socoteco II) decision rejecting the...

Finance

PSEi rebounds on bargain hunting

MANILA, Philippines – Local stocks rebounded on Wednesday as investors snapped up bargains after the previous session’s sell-off, while easing tensions in the Middle East lifted market sentiment. The benchmark...

Consumer & Retail

Shakey’s resorts to price hikes, store closures

Shakey’s resorts to price hikes, store closures

MANILA, Philippines – Shakey’s Pizza Asia Ventures Inc. is raising prices selectively and closing underperforming stores as it navigates a challenging business environment marked by…

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

Philippines reaches upper-middle income status, World Bank says

MANILA, Philippines – The Philippines is now an upper-middle income country, according to the World Bank. It means the Southeast Asian nation is among the…

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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