BPI: Philippine economy ‘toxic,’ not yet in stagflation
Published . Updated .
Key takeaways
- The Philippine economy has yet to enter stagflation territory, although the combination of slower economic growth and rapidly rising prices has created a “toxic” mix that is hurting Filipinos across the board, Bank of the Philippine Islands (BPI) lead economist Emilio Neri Jr.
- Exposed: EPHE, EEM
- Market reaction: price tracking starts with the next trading session.
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The Philippine economy has yet to enter stagflation territory, although the combination of slower economic growth and rapidly rising prices has created a “toxic” mix that is hurting Filipinos across the board, Bank of the Philippine Islands (BPI) lead economist Emilio Neri Jr.
Directly affected
- No company is named in this report.
Indirectly affected
- XLF Financial Select Sector SPDR+1.6% 16d
Financial Select Sector SPDR: it holds banks. Linked by “bank” (banks) in this story.
- KRE SPDR S&P Regional Banking ETF+0.0% 18d
SPDR S&P Regional Banking ETF: it holds banks. Linked by “bank” (banks) in this story.
- EPHE iShares MSCI Philippines ETF
iShares MSCI Philippines ETF holds stocks listed in the Philippines, which this story is about (“philippine”).
- BAC Bank of America-10.5% 30d
Bank of America (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story.
- JPM JPMorgan Chase+0.4% 30d
JPMorgan Chase (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story.
- WFC Wells Fargo+5.8% 30d
Wells Fargo (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story.
- C Citigroup-5.0% 30d
Citigroup (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| XLFNo price data for this ticker | — | — | — | — | — | — | — |
| KRENo price data for this ticker | — | — | — | — | — | — | — |
| EPHE | +3.70% | +2.43% | base | after close | after close | after close | after close |
| BACNo price data for this ticker | — | — | — | — | — | — | — |
| JPMNo price data for this ticker | — | — | — | — | — | — | — |
| WFCNo price data for this ticker | — | — | — | — | — | — | — |
| CNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
BPI: Philippine economy ‘toxic,’ not yet in stagflation Daily Tribune
Source: Daily Tribune
How far Ishares Tr (EPHE) has moved since 15 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Ishares Tr (EPHE) | three days earlier | +2.43% | final price |
| Ishares Tr (EPHE) | five days earlier | +3.70% | final price |
Congressional trades in the stocks in this story
- Rep. Rohit Khanna bought Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 20 Oct 2026. That is 26 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a dependent child), worth $1,001 - $15,000 on 13 Oct 2026. That is 33 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 9 Sep 2026. That is 67 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a dependent child), worth $1,001 - $15,000 on 15 Oct 2026. That is 31 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a spouse), worth $100,001 - $250,000 on 8 Oct 2026. That is 38 days before publication. Filed 5 Nov 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM) (held by a spouse), worth $15,001 - $50,000 on 4 Sep 2026. That is 72 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Gilbert Cisneros bought Wells Fargo (WFC), worth $1,001 - $15,000 on 20 Oct 2026. That is 26 days before publication. Filed 10 Nov 2026. View the filing.
- Rep. Rohit Khanna bought Wells Fargo (WFC) (held by a dependent child), worth $250,001 - $500,000 on 15 Oct 2026. That is 31 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna bought Wells Fargo (WFC) (held by a spouse), worth $1,001 - $15,000 on 1 Oct 2026. That is 45 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Maria Elvira Salazar sold Citigroup (C), worth $1,001 - $15,000 on 24 Sep 2026. That is 52 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Citigroup (C) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 72 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who is named in “BPI: Philippine economy ‘toxic,’ not yet in stagflation”
Companies carried with this story
- EPHE Ishares Tr
For “BPI: Philippine economy ‘toxic,’ not yet in stagflation,” Ishares Tr (EPHE) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Philippines ETF holds stocks listed in the Philippines, which this story is about (“philippine”)
- EEM Ishares Tr
In “BPI: Philippine economy ‘toxic,’ not yet in stagflation,” Ishares Tr (EEM) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes the Philippines, which this story is about
How “BPI: Philippine economy ‘toxic,’ not yet in stagflation” reaches Ishares Tr (EPHE)
Ishares Tr (EPHE) is the company in “BPI: Philippine economy ‘toxic,’ not yet in stagflation,” the 15 Nov 2026 this story story.
What ties Ishares Tr (EPHE) to the headline is this: iShares MSCI Philippines ETF holds stocks listed in the Philippines, which this story is about (“philippine”)
Also listed, Ishares Tr (EEM): iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes the Philippines, which this story is about
The price range for Ishares Tr (EPHE), and the dates in the story
EEM traded between 65.24 and 68.87 across 8 sessions. The latest close on file is 65.76.
What the saved facts support for Ishares Tr (EPHE)
21 out of 100
“BPI: Philippine economy ‘toxic,’ not yet in stagflation” scores 21 out of 100. The score uses 1 sources, and 2 linked companies.