This is a brief rundown of what is being reported today in the Philippines and about the Philippines in the international press.
It endeavours to highlight the narratives currently shaping the country’s economic, financial, and business news landscape.
Ed’s note: I’m always looking for new sources with unique insights. If you have anything to share, reach out: mark.barnes@the-shiv.com
Inflation expectations
PNA is reporting that the Bangko Sentral ng Pilipinas expects Philippine inflation to range between 5.5 and 6.5 percent in August.
Higher rice, vegetable, fruit and fish prices and elevated domestic fuel costs are expected to drive inflation, the article says. View source→
Peso hits record low
The Inquirer is reporting that the Philippine peso fell to a record low of 62.265 per US dollar on August 28, raising concerns about higher costs for businesses and consumers.
The article notes that more than 85 percent of Philippine imports are production-related goods, limiting the potential benefits of a weaker currency for exporters. View source→
Government borrowing up
Philstar is reporting that Philippine government gross borrowing rose 75.4 percent year-on-year to PHP 291.38 billion (US$5.53 billion) in July.
Domestic borrowing increased 77.9 percent to PHP 271.32 billion (US$5.15 billion), with total government borrowing reaching PHP 2.11 trillion (US$40.0 billion) in the first seven months of 2026, up 20.2 percent year-on-year. View source→
Export outlook re: gov’t targets
The Manila Bulletin is reporting that export growth is expected to beat government targets in 2026, supported by strong overseas demand for electronics and services.
The government currently forecasts merchandise exports to grow 3 percent and service exports 4 percent this year. View source→
Trade deficit widens
Business World Online is reporting that the Philippines’ trade deficit widened 34.9 percent year-on-year to US$5.97 billion in July.
Imports surged 19.8 percent to US$14.12 billion, while exports increased 10.8 percent to US$8.15 billion. View source→
Fuel price change expectations this week
Cebu Daily News is reporting that diesel and gasoline prices are expected to fall from September 1.
Diesel could drop by PHP 3.50-4 (US$0.056-0.064) per litre, while gasoline could fall by PHP 0.25-0.75 (US$0.004-0.012), the article says. View source→