Your Morning Fix

• Philippine net foreign direct investment inflows fell 17.1% year-on-year to USD 7.791 billion in 2025, the lowest in five years outside the pandemic but still above the USD 7-billion estimate of the Bangko Sentral ng Pilipinas (BSP).
• The House passed on second reading a bill granting President Ferdinand Marcos Jr. authority to suspend or cut fuel excise taxes for up to six months during major emergencies, aiming to give the government flexibility to address sharp oil price swings.
• The peso weakened back to PHP 59 per dollar as escalating uncertainty from the Middle East conflict dampened market sentiment, sending the currency down 27.4 centavos to close at PHP 59.17 on Wednesday.
• US inflation remained steady at 2.4% year-on-year in February, driven by higher rents, gasoline, and food costs, with further price pressures expected due to rising oil costs amid the Middle East conflict.
• Japan’s wholesale prices rose 2.0% year‑on‑year in February, falling slightly below forecasts as government fuel subsidies softened the blow of upside pressure from higher commodity costs.