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OpenPinas: Weekly Review
Week of January 25-31, 2026
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PHP:USD Exchange Rate
₱59.07
▼ 0.54% this week
YTD: Peso weakened 1.34% over past 12 months. Trading around 59 per dollar after BSP rate cut signaled end of easing cycle.
Source: BSP / Bloomberg
OFW & Diaspora News
MV Devon Bay Sinks in South China Sea - 2 Filipino Sailors Dead
A Singapore-flagged cargo ship with 21 Filipino crew members capsized near Scarborough Shoal. Chinese Coast Guard rescued 15 survivors; 2 died and 4 remain missing. The incident highlights risks faced by Filipino seafarers in disputed waters.
Digital Remittances Growing Rapidly in Philippines
J.P. Morgan sees the Philippines at the center of Asia's cross-border remittance growth, driven by digital wallets and instant payment schemes. The 1% US remittance tax that took effect January 1 may accelerate shift to digital platforms with lower fees.
ASEAN Para Games - Filipino Athletes Receive Bonuses
Filipino para athletes and coaches received ₱6,000 bonuses from the Philippine Sports Commission for the 2026 ASEAN Para Games in Thailand (January 20-26). The Philippines sent 216 athletes to the competition.