JUST IN: Filipinos abroad sent home $3.171 billion in October, translating to a 3% year on year growth in remittances, Bangko Sentral ng Pilipinas data showed. This was the slowest growth in five months or since the 2.9% logged in May. BusinessWorld

Breaking news: Money sent home by Filipinos abroad grew by 3% year on year in October, the slowest pace in five months, the Bangko Sentral ng Pilipinas (BSP) said on Monday. zurl.co/EwBkV

The Bangko Sentral ng Pilipinas says fresh banknotes are available in banks in time for the holidays. It likewise reiterated that unfit banknotes may be exchanged with BSP-authorized banks for free. BusinessWorld Photo courtesy of the BSP

The Monetary Board is scheduled to have six policy meetings in 2026, with the first one to be held on Feb. 19. Its following meetings will take place on April 23, June 18, Aug. 27, Oct. 22 and Dec. 17. BusinessWorld

Net inflows of foreign direct investments (FDI) into the Philippines plunged nearly 40% year on year in October, as foreigners’ net investments in debt instruments slumped. bworldonline.com/top-stories/20… by Katherine Chan via BusinessWorld

BREAKING: The peso closed at a new record low against the dollar on Wednesday, weakening by 9.9 centavos from Tuesday’s close. This broke its previous weakest finish of P59.355 logged on Jan. 7. BusinessWorld

The flood control scandal continued to weigh on government spending, investments and consumer spending, dragging full-year expansion below target for the third straight year. bworldonline.com/top-stories/20…

FINANCE SECRETARY Frederick D. Go is optimistic that the Philippine economy can recover and hit the government’s growth target on the back of faster, more productive spending. zurl.co/vFZsD