Your Morning Fix

• Philippine semiconductor and electronics exports are seen climbing by double digits in 2025 to USD 48 billion, surpassing 2024 levels and approaching that of 2023, according to an industry group.
• Philippine lawmakers have approved the bicameral committee report on the PHP 6.793-trillion 2026 national budget, with final ratification expected Monday.  
• Philippine infrastructure spending plunged for the fourth consecutive month in October, dropping 40.1% year-on-year to PHP 65.9 billion, as disbursements weakened amid corruption concerns and bad weather.
• Wall Street finished Friday’s thin post-Christmas trading little changed, as all three major indexes slipped slightly to end a five-day rally but still secured weekly gains.
• Silver surged past USD 77 on Friday, while gold and platinum reached record highs after expectations of a US Federal Reserve rate cut and geopolitical tensions drove safe-have demand.