Peso Hits ₱62 All-Time Low: Why the BSP Won’t Defend ₱60
The Philippine peso has crossed a historic line, but the Bangko Sentral ng Pilipinas (BSP) says it will not spend the country’s dollar reserves to force it back. The Philippine peso fell to a record low of ₱62.265 against the U.S. dollar in late August 2026, extending its decline from the previous record of ₱61.888 recorded just a day earlier. The […]
JuanHand Offers Top-Up Loans Amid Slowing Bank Credit
Filipino digital lender JuanHand has rolled out a new “top‑up loan” feature, allowing borrowers to access additional credit even while existing balances remain unpaid. JuanHand’s new offering comes at a time when bank lending growth slowed to 9.8 percent in June 2026, the weakest pace in four months, according to Bangko Sentral ng Pilipinas (BSP) data. Outstanding loans reached ₱17.33 trillion, but higher interest rates and […]