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Peso down at ₱53.23:$1

Peso down at ₱53.23:$1.....»»

Category: entertainmentSource: pep pepJun 13th, 2018

Gordon: Probing Calida multi-million peso deals blue ribbon s job

MANILA, Philippines – Senator Richard Gordon said on Thursday, August 16, that he will push for the Senate investigation into the multi-million government contracts bagged by the security agency of Solicitor General Calida, but it will be done in his watch. Gordon said it is to make ........»»

Category: newsSource:  rapplerRelated News9 hr. 7 min. ago

Peso rebounds against US dollar as Qatar’s pledge supports lira

THE PESO strengthened slightly against the dollar on Thursday as Qatar’s investment pledge supported the Turkish lira. The post Peso rebounds against US dollar as Qatar’s pledge supports lira appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated News14 hr. 21 min. ago

Gordon: Probing Calida multi-million peso deals blue ribbon& apos;s job - Rappler

Gordon: Probing Calida multi-million peso deals blue ribbon's job - Rappler.....»»

Category: newsSource:  googlenewsRelated News15 hr. 42 min. ago

Gordon convinced there’s conspiracy between Ben and Wanda over ad deal

Senator Richard Gordon said he is convinced that there was conspiracy between broadcast journalist Ben Tulfo and his sister, former tourism secretary Wanda Tulfo-Teo, when the Department of Tourism (DOT) and Peoples’ Network Television Inc. (PTNI) closed a multimillion-peso advertisement deal which the Commission on Audit (COA) earlier flagged. Gordon convinced there’s conspiracy between Ben… link: Gordon convinced there’s conspiracy between Ben and Wanda over ad deal.....»»

Category: newsSource:  manilainformerRelated NewsAug 14th, 2018

Q2 corporate earnings cut by inflation, fuel costs

The unabated increase in inflation, soaring fuel costs and the depreciation of the peso against the dollar have cut consumer-related companies’ second quarter earnings, dampening the outlook for the rest of the year for some listed companies which thrive on food, beverage and other consumer-driven goods......»»

Category: financeSource:  philstarRelated NewsAug 12th, 2018

‘Connivance’

SENATOR Vicente “Tito” Sotto III believes that connivance between some unscrupulous officials of the Bureau of Customs and international criminal syndicates operating in the Philippines is behind the “missing” multi-billion peso drug shipment. “Sigurado, paano makakapasok kung walang sabwatan, hindi naman pwedeng katangahan, sobrang gagaling na nga ng mga andun,”….....»»

Category: newsSource:  journalRelated NewsAug 11th, 2018

Cebu Pacific reports 23.6% drop in H1 profit

The operator of budget airline Cebu Pacific Air saw profits decline in the first semester of 2018 as higher costs, led by the higher price of oil and the weaker peso, squeezed margins. Cebu Air Inc.....»»

Category: newsSource:  philippinetimesRelated NewsAug 10th, 2018

Rising jet fuel prices drag Cebu Air income lower in 2nd quarter

CEBU AIR, Inc. reported a 39% drop in net profit to P1.87 billion in the second quarter, weighed down by rising fuel prices and weakening of the peso. The post Rising jet fuel prices drag Cebu Air income lower in 2nd quarter appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsAug 9th, 2018

COA flags bidding of DOH Barangay Health Stations project

MANILA, Philippines – The Commission on Audit finds the bidding for the construction of the Department of Health’s (DOH) controversial multi-billion-peso Barangay Health Stations (BHS) project was not fully above board. COA cited two reasons to doubt on the regularity and validity of the project’s bidding. These are:  The BHS project did not ........»»

Category: newsSource:  rapplerRelated NewsAug 9th, 2018

DOT urged to boost tourism

HOUSE Committee on Appropriations Chairperson Rep. Karlo “Ang Probinsyano” Nograles believes the tourism industry can help put more money in the pockets of his fellow “probinsyanos,” and he is hopeful that the Department of Tourism (DOT) can maximize the use of its three billion-peso budget to make it happen. The….....»»

Category: newsSource:  journalRelated NewsAug 8th, 2018

Markets Down on Inflation Worries

Anticipation of a fresh hike in the Bangko Sentral ng Pilipinas’ (BSP) key rates later this week resulted in losses in both the Philippine Stock Exchange index (PSEi) and the Peso Tuesday. BSP’s policy-making Monetary Board (MB) will have its fifth rate setting meet for the year on Thursday and it is widely expected to […].....»»

Category: newsSource:  metrocebuRelated NewsAug 8th, 2018

Weak peso fails to lift Philippine exports in June 2018

MANILA, Philippines – Despite economic managers' confidence that a weak peso would improve the country's exports, the Philippines posted a wider trade deficit in June. The Philippine Statistics Authority (PSA) said on Wednesday, August 8, that total exports sagged by 0.1% in June to $5.700 billion from $5.704 billion ........»»

Category: newsSource:  rapplerRelated NewsAug 8th, 2018

Peso falls anew to P53:$1

The peso fell back to the P53:$1 level on Tuesday, losing some of the strength it gained the previous day, following an inflation-fueled stock market plunge. The currency, which added 30 centavos on Monday to its highest in nearly two months, opened at P52.85 against the greenback and dropped to as low as P53.01 during [...] The post Peso falls anew to P53:$1 appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsAug 8th, 2018

Peso retracts to 53:$1 level

The peso rally lost steam yesterday after momentarily breaking the 52 to $1 resistance level as inflation quickened for the seventh straight month to hit a fresh five-year high of 5.7 percent in July from 5.6 percent in June......»»

Category: financeSource:  philstarRelated NewsAug 7th, 2018

July dollar reserves dip to lowest since 2011

The dollar reserves of the Bangko Sentral ng Pilipinas (BSP) has dipped to its lowest level in almost seven years at the end of last month as monetary authorities used up more hard currency to pay for foreign obligations and temper the volatility of the peso. In a press statement, the Bangko Sentral ng Pilipinas… link: July dollar reserves dip to lowest since 2011.....»»

Category: newsSource:  manilainformerRelated NewsAug 7th, 2018

Former CDO lawmaker, 16 others face graft raps

Former Rep. Constantino Jaraula of Cagayan de Oro and 16 others are facing charges of graft and malversation before the Sandiganbayan in connection with the anomalous release of multi-million-peso fertilizer fund. Charged along with Jaraula were employees of the Department of Agriculture Regional Field Unit (DA RFU)-7; regional technical director Jose Quitazol Sr.; Antonio Rosal,… link: Former CDO lawmaker, 16 others face graft raps.....»»

Category: newsSource:  manilainformerRelated NewsAug 7th, 2018

Peso returns to P52:$1

THE peso returned to the P52:$1 level on Monday, recovering to an almost two-month high on the back of a “disappointing” US jobs report. In line with the stronger performance of other currencies in the region, the peso opened at P53.1 against the greenback and and rose to as high P52.84 during the day. It closed at P52.85 per [...] The post Peso returns to P52:$1 appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsAug 7th, 2018

Peso regains strength, closes at 52.85:$1

The peso gained 30 centavos yesterday to break the 53 to $1 level, ahead of the much anticipated third rate hike by the Bangko Sentral ng Pilipinas on Thursday to curb rising inflationary pressures......»»

Category: financeSource:  philstarRelated NewsAug 6th, 2018

Peso returns to P52:$1

THE peso returned to the P52:$1 level on Monday, recovering to an almost two-month high on the back of a “disappointing” US jobs report. In line with the stronger performance of other currencies in the region, the peso opened at P53.1 against the greenback and and rose to as high P52.84 during the day. It closed at P52.85 per… link: Peso returns to P52:$1.....»»

Category: newsSource:  manilainformerRelated NewsAug 6th, 2018

Peso at two-month high on rate hike bets

THE PESO strengthened against the dollar on Monday to hit a two-month high as market players anticipate a rate hike at the central bank’s meeting this week......»»

Category: newsSource:  bworldonlineRelated NewsAug 6th, 2018