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Philippine Stock Exchange Index (PSEi)

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106 stories mentioning Philippine Stock Exchange Index (PSEi)Updated 3d ago

Philippine equities trade amid Middle East peace optimism as the country expects roughly $10 billion in initial investment for a US-supported AI hub.

Asia

Market Chatter: Philippines to Cut Excise Taxes on Household Fuels

Philippine President Ferdinand Marcos Jr. said the government will lower excise taxes on key household fuels to help ease pressure from rising energy costs linked to the ongoing Middle East conflict, Jakarta Post reported citing his news conference.He said duties on liquefied petroleum gas and kerosene will be lowered starting Tuesday, with cuts of 3.36 Philippine pesos per kilogram and 5.60 pesos per liter respectively, targeting fuels widely used for cooking and basic household needs, according to the report.Marcos added that further policy options, including possible adjustments to gasoline and diesel taxes, will be reviewed by a government crisis committee as the country continues to face higher import-driven fuel prices due to global supply disruptions, the news outlet reported.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Market Chatter: ASEAN Diplomats Plead US-Iran Truce as Surging Oil Prices Rattle Economies

Southeast Asian diplomats on Monday urged the U.S. and Iran to continue negotiations after failed weekend talks heightened tensions and rattled global markets, Nikkei Asian Review reported Monday.This came after Brent crude surged to $102.43 a barrel, while Asian and European equities fell following remarks from US President Donald Trump, including threats of a blockade of the Strait of Hormuz. Washington later put restrictions on vessels departing Iranian ports, reportedly.ASEAN foreign ministers, meeting virtually for the second time since March 13, welcomed a recent two-week ceasefire but stressed the need for sustained dialogue to achieve lasting peace. The bloc warned that instability is particularly damaging for Southeast Asia, which relies heavily on energy imports transiting the Strait of Hormuz.Countries including Malaysia, Vietnam and Thailand have been forced to ramp up energy support measures, while the Philippines has declared an energy emergency. ASEAN also discussed setting up a crisis communication mechanism and strengthening coordination on energy and food security ahead of upcoming regional meetings, the Nikkei said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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International

Middle East Escalation Could Cost Asia Up to $299 Billion, UNDP Warns

The ongoing military escalation in the Middle East could inflict economic losses of up to $299 billion across Asia and the Pacific, as higher fuel, freight and input costs ripple through regional economies, UNDP's latest assessment report release Tuesday showed.The report said the shock is weakening household purchasing power, increasing food insecurity, straining public budgets and undermining livelihoods, particularly in countries heavily reliant on imported energy and food, as well as those exposed to Gulf trade routes, labor markets and remittance flows.It estimated that under a 28-day disruption scenario, regional output losses could range between $97 billion and $299 billion, equivalent to 0.3% to 0.8% of GDP, with South Asia facing the most pronounced impact.Around 8.8 million people across 14 countries could fall into poverty, including more than 5 million in Iran, where the poverty rate may rise from 36% to 41.5%, according to the simulations.The report, prepared as of April 9, draws on inputs from 22 UNDP country offices covering 36 countries, alongside modelling and external data. It noted that outcomes will depend heavily on the duration and intensity of the conflict, with risks rising further if disruptions persist.

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International

ADB Projects Developing Southeast Asia to Keep Steady Growth in 2026, 2027

Developing Southeast Asia is expected to maintain steady economic growth this year, supported by resilient domestic demand, according to the Asian Development Bank (ADB) report on Monday.The subregional economy is projected to expand by 4.7% in 2026 and by 4.8% in 2027, although growth trends will vary significantly across individual economies.Indonesia's growth outlook is expected to strengthen on solid domestic demand, while Myanmar is projected to rebound from contraction in 2025 as reconstruction activity supports recovery.In contrast, growth in Malaysia, Thailand and Vietnam is expected to moderate due to weaker global trade conditions and fading export momentum, although technology-related exports are likely to provide some support.Meanwhile, the Philippines is projected to remain subdued, Cambodia may see slower growth in 2026 before recovering in 2027 alongside tourism recovery, while Timor-Leste is expected to remain stable before accelerating.Inflation in developing Southeast Asia is forecast to rise to 3.2% in 2026 from 2.3% in 2025, driven by stronger domestic demand and higher food and energy costs. Price pressures are expected to increase across most economies, particularly in Indonesia, the Philippines, Malaysia, Thailand, and Vietnam, amid higher oil prices and domestic adjustments.Inflation is expected to ease to 2.8% in 2027 as global commodity prices stabilize, with Myanmar projected to see softer price pressures due to improved transport conditions, currency strength, and better agricultural output, the report showed.

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International

Philippines Says China Energy Talks Must Uphold Sovereignty, Constitution

The Philippines said any move to revive oil and gas cooperation talks with China will strictly be in line with its constitution and legal framework, the Department of Foreign Affairs said in a statement on Sunday.The statement came amid renewed attention on proposals to reopen discussions with China on joint energy development in the South China Sea, where both countries have overlapping territorial claims.The Department said decisions on any potential deal would remain fully under its jurisdiction and guided by existing laws and jurisprudence.The development follows recent exploratory engagements between the two sides, partly driven by concerns over energy security and supply stability.

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Asia

Trump Declares Immediate U.S. Navy Blockade of Hormuz After Iran Talks Fail

U.S. President Donald Trump warned on social media that the U.S. Navy would immediately begin blockading all ships attempting to enter or leave the Strait of Hormuz after a failed talk with Tehran.Trump said in a Truth Social post on Sunday that while the goal is eventually to reach an "all being allowed to go in, all being allowed to go out" arrangement, Iran has prevented this by citing vague concerns about undisclosed mines."Iran has not allowed that to happen by merely saying, 'There may be a mine out there somewhere,' that nobody knows about but them," Trump wrote.Trump further directed the Navy to intercept any vessel in international waters that has paid a toll to Iran while also ordering the destruction of mines allegedly laid by Iran in the strait and warning that any Iranian attack on U.S. or peaceful vessels would result in them being "BLOWN TO HELL."Meanwhile, Reuters News, citing the U.S. Central Command, reported that the blockade of all maritime traffic to and from Iranian ports is set to begin at 10 a.m. ET on Monday.The command clarified that freedom of navigation would remain unaffected for ships transiting the strait to non-Iranian ports, with formal notices to be issued to commercial mariners beforehand, the newswire said.

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