INQToday: Don’t panic, says Marcos as peso hits record low
MANILA, Philippines — Here are the top stories in INQToday on Wednesday, Oct. 28, 2026, as of 6 p.m. Marcos urges public not to panic as peso hits record low President Ferdinand Marcos Jr. urged the public on Wednesday not to panic over the Philippine peso’s continued slide to a record low of 64 to
Places named in this report: Philippines
Exact coordinates
philippines: 12.880, 121.770
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What might happen next? AI-generated
These scenarios are written by an AI language model from the headline and summary above. They are not predictions from the newsroom, and they are not evidence of anything. Every one is given a deadline and checked against later coverage, and the score is published on the ledger — including the ones that miss.
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Awaiting deadline 35% Central Bank Intervention
The Bangko Sentral ng Pilipinas (BSP) successfully intervenes in the foreign exchange market through direct selling of foreign reserves, stabilizing the peso and calming immediate panic among the public. This action signals that the government is prepared to use significant capital to manage currency volatility.
Watch for: BSP announces a targeted FX intervention program via official press release. · The peso stabilizes above the 63 mark for three consecutive trading days.
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Awaiting deadline 30% Market Confidence Shift
Despite the record low, sustained positive news regarding foreign direct investments (FDI) and infrastructure projects convinces global markets that the economic fundamentals remain sound. Large institutional investors begin purchasing peso-denominated assets, absorbing downward pressure.
Watch for: A major multinational corporation (e.g., Ayala, SM) announces a significant new capital injection into Philippine operations. · International credit rating agency issues a 'stable' or 'positive outlook' report on the Philippines.
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Awaiting deadline 25% Policy Reassessment and Intervention
The administration acknowledges the severity of the depreciation and announces a new, coordinated fiscal and monetary policy package to support exporters and import-dependent sectors. This moves beyond simple reassurance to concrete fiscal backing.
Watch for: The President issues a new executive order specifically targeting supply chain resilience. · The Department of Finance releases a detailed economic stabilization plan.
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Awaiting deadline 10% Counter-Intuitive Capital Flight
Contrary to the President's assurances, panic becomes contagious, leading to a sudden, sharp outflow of short-term foreign currency holdings as international investors flee perceived political or economic instability. This ignores the administration's calming efforts.
Watch for: The Philippine Stock Exchange reports a sudden, steep decline in foreign investor holdings within 24 hours. · A major international financial news outlet headlines a sudden 'capital flight' warning regarding the Philippine market.
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on 2026-10-28. Checked against later coverage after 2026-11-02.
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