Politics
Philippines Warns of FX Risks as Big Firms Face $26 Billion Debt Bill
Key Points
An employee counts Philippine peso banknotes at a Rizal Commercial Banking Corp. branch in Manila, the Philippines, on Friday, July 11, 2025. The bank, the Philippines’ sixth largest lender, sees growth in its consumer credit business that could offset tariff-induced weakness among corporate clients. Photographer: Geric Cruz/Bloomberg
An employee counts Philippine peso banknotes at a Rizal Commercial Banking Corp. branch in Manila, the Philippines, on Friday, July 11, 2025. The bank, the Philippines’ sixth largest lender, sees growth in its consumer credit business that could offset tariff-induced weakness among corporate clients. Photographer: Geric Cruz/Bloomberg