Michael Ricafort News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Filipinos may start cutting their travel spending if the peso continues to lose its value, as airlines are expected to raise airfares to offset their foreign exchange costs.

More short-term investments left the Philippines for the second straight month in April, albeit narrower than the outflows recorded in the same month last year, amid geopolitical tensions in the Middle East.

The stock market plunged deeper in the red, falling back to the 6,400 level due to economic concerns, while the peso weakened to near all-time low against the dollar.

After depreciating for most of last week, the peso opened this week stronger, closing higher yesterday although it stayed above P58 to a dollar. The Bangko...

Share prices closed lower Monday on risk aversion. The Philippine Stock Exchange index (PSEi) was down 48.29 points to 6,571.60, a 0.73 percent drop. The b...