Advertisements


Peso down at ₱53.23:$1

Peso down at ₱53.23:$1.....»»

Category: entertainmentSource: pep pepJun 13th, 2018

Peso weakens anew versus dollar

THE PESO weakened on Thursday in tandem with Asian currencies as the dollar strengthened following the release of the US Federal Reserve meeting minutes. The local unit ended Thursday’s session at P53.965 versus the greenback, weaker than its P53.89-per-dollar finish the previous day. The peso traded weaker the whole day, opening the session at P53.98… link: Peso weakens anew versus dollar.....»»

Category: newsSource:  manilainformerRelated News15 hr. 47 min. ago

LTFRB approves P2 jeepney minimum fare increase

  The Land Transportation Franchising and Regulatory Board (LTFRB) approved on Thursday a P2-peso fare increase in public utility jeepneys, effective in November.   The decision came after the LTFRB made permanent the provisional fare hike of P1 back in July and granted another P1 increase, which raises the minimum fare to P10 from the previous P8.   The provisional fare increasefor jeepneys in Metro Manila and adjoining regions temporarily made the minimum jeepney fare to P9.   READ:P9 jeepney minimum fare starts July 6   The decision was signed by LTFRB chair Martin Delgra and board member Ronaldo Corpus.   LTFRB board ...Keep on reading: LTFRB approves P2 jeepney minimum fare increase.....»»

Category: newsSource:  inquirerRelated NewsOct 18th, 2018

Peso hits fresh one-month high vs dollar

The peso is on a roll, notching a new best performance against the US dollar in more than a month on Wednesday, a day after it appreciated back to P53-mark that completed its one-week winning streak......»»

Category: newsSource:  philstarRelated NewsOct 17th, 2018

Bargain-hunting, peso boost PSEi

THE stock market recovered on Tuesday as investors hunted for bargain issues while cheering a peso recovery. The bellwether Philippine Stock Exchange index (PSEi) grew by 0.87 percent or 60.51...READ MORE The post Bargain-hunting, peso boost PSEi appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsOct 16th, 2018

DBCC cuts 2018 PH growth forecast

Inflation, peso-dollar estimates also revised Economic managers have cut their growth forecast for the year, citing factors such as above-target inflation, rising crude prices and monetary policy tightening. Following a...READ MORE The post DBCC cuts 2018 PH growth forecast appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsOct 16th, 2018

Stocks, peso bounce back as inflation fears ease

The benchmark Philippine Stock Exchange index (PSEi) ended in positive territory yesterday, but volume was too low indicating that market investors are still risk averse and still waiting for inflation to stabilize......»»

Category: financeSource:  philstarRelated NewsOct 16th, 2018

Petron completes sale of P20-billion fixed-rate bonds

PETRON CORP. has completed the sale of the P20-billion second tranche of its peso-denominated fixed rate bonds last week, the listed oil refining and distribution company told the stock exchange on Tuesday. The post Petron completes sale of P20-billion fixed-rate bonds appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsOct 16th, 2018

Government expects peso to be at P52-55:$1 from 2019 to 2022

More pain may be ahead for the Philippine peso......»»

Category: newsSource:  philstarRelated NewsOct 16th, 2018

Philippines to suspend oil tax hike to cool red hot inflation

MANILA—The Philippines said on Sunday it would suspend the implementation of a further increase in excise tax on fuel products, set to take effect in January 2019, to stem rising inflation expectations. Inflation in one of Asia’s fastest-growing economies has been rising since January, due to higher taxes, costlier food and fuel and a weak peso, causing […] The post Philippines to suspend oil tax hike to cool red hot inflation appeared first on Interaksyon......»»

Category: newsSource:  interaksyonRelated NewsOct 15th, 2018

Peso closes higher after mild US inflation report

THE peso strengthened on Friday after the US reported milder-than-expected inflation data and as hopes were raised for progress on the US-China trade dispute. The post Peso closes higher after mild US inflation report appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsOct 12th, 2018

DOLE IV-A conducts training for Cavite PESO managers

TRECE MARTIRES CITY, Cavite, Oct. 12 (PIA) - The Department of Labor and Employment- Regional Office IV-A (DOLE IV-A) recently conducted the three-day Basic Employment Service Training (BEST) for C.....»»

Category: newsSource:  manilanewsRelated NewsOct 12th, 2018

More foreign funds flee Philippines in September 2018

The full-blown trade war between the US and China, the weak peso, rising inflation and the damage from Typhoon Ompong prompted foreigners to pull their investments out of the Philippines last month, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsOct 12th, 2018

Increase in revenues from fines on violations of anti-smoking, liquor ban projected

The city government’s Vices Regulation Unit (VRU) said that around five-million peso increase in revenue is expected to be collected by the end of this year due to violations to the anti-smoking ordinance and liquor ban here......»»

Category: newsSource:  davaotodayRelated NewsOct 11th, 2018

Peso depreciation weighs on energy companies

ENERGY COMPANIES have counted the cost of the peso depreciation against the US dollar, prompting them to adopt measures to soften the impact on their finances, operations and investment decisions. The post Peso depreciation weighs on energy companies appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsOct 11th, 2018

BSP ready to tighten policy again if needed

THE BANGKO SENTRAL ng Pilipinas (BSP) is ready to tighten monetary policy further to rein in prices and support the peso if needed, Deputy Governor Diwa C. Guinigundo said. The post BSP ready to tighten policy again if needed appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsOct 11th, 2018

8-mo trade gap hits $26B

The local economy continued to earn fewer dollars than it spent in August, thanks to strong imports of capital equipment and oil, while the weaker peso failed to make Philippine exports more competitive in the international market.   The total trade gap for the first eight months of 2018 now stands at $26 billion, substantially larger than the $15.7-billion deficit recorded in the same period last year, according to data released on Wednesday by the Philippine Statistics Authority (PSA).   As a result, the peso "may continue to depreciate in the medium term as the widening trade deficit is expected to continue as big-ticket infra projects kick in by next year," Bank...Keep on reading: 8-mo trade gap hits $26B.....»»

Category: newsSource:  inquirerRelated NewsOct 10th, 2018

ING Bank: Peso to fall to 54.25 by end 2018

ING Bank: Peso to fall to 54.25 by end 2018.....»»

Category: financeSource:  thestandardRelated NewsOct 9th, 2018

Petron s P20-B fixed-rate bond issue gets SEC nod

Petron Corp. has secured the green light from the Securities and Exchange Commission on its P20-billion issue of peso-denominated fixed-rate bonds. This is the last tranche of Petron's shelf r.....»»

Category: newsSource:  philippinetimesRelated NewsOct 9th, 2018

Peso down on risk-off sentiment

BW FILE PHOTO THE PESO weakened anew against the dollar on Tuesday as risk-off sentiment prompted investors to shy away from riskier currencies due to the geopolitical tensions overseas. The local currency ended Tuesday’s session at P54.24 versus the greenback, 5.5 centavos lower than the P54.185-per-dollar finish last Monday. The peso opened the session slightly… link: Peso down on risk-off sentiment.....»»

Category: newsSource:  manilainformerRelated NewsOct 9th, 2018

Peso down on risk-off sentiment

THE PESO weakened anew against the dollar on Tuesday as risk-off sentiment prompted investors to shy away from riskier currencies due to the geopolitical tensions overseas. The post Peso down on risk-off sentiment appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsOct 9th, 2018