The Statesman Daily

The Statesman Daily

Tsinoy Businessmen Warn against Sanctions | Developers Join Housing Expo | Peso Hits Record Low

Tsinoy businessmen warn against China sanctions, top developers join National Housing Expo, and Philippine peso crashes past P63.

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The Statesman Daily
Oct 20, 2026

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Here is what we are tracking in today’s newsletter:

  • Chinese-Filipino business leaders cautioned lawmakers against imposing economic sanctions or diplomatic expulsions against Beijing, citing severe risks to local supply chains and investments.

  • Leading property firms showcased over 50,000 ready-for-occupancy homes and condominiums at the 2nd National Housing Expo 2026 under the government’s expanded housing program.

  • The Philippine peso sank deeper into all-time low territory, closing further below the P63-to-P1 threshold against a surging US dollar.

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