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Peso down at ₱53.23:$1

Peso down at ₱53.23:$1.....»»

Category: entertainmentSource: pep pepJun 13th, 2018

BSP rate hikes not enough – BMI

Two Bangko Sentral ng Pilipinas (BSP) policy rate hikes will not be enough to contain inflation and support the peso moving forward, BMI Research said. “We expect the BSP to hike interest rates by a further 25bps to safeguard macroeconomic stability, which will take the benchmark RRP (overnight reverse repurchase) rate to 3.75 percent by [...] The post BSP rate hikes not enough – BMI appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated News16 hr. 2 min. ago

S& P, BMI see need for another rate hike

S&P GLOBAL RATINGS and Fitch Group’s BMI Research expect another rate hike from the Bangko Sentral ng Pilipinas (BSP) within the year, citing the need for further tightening to curb faster inflation and ease pressures on the peso. The post S&P, BMI see need for another rate hike appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated News17 hr. 2 min. ago

Bredco port terminal eyes full operation next month

BACOLOD City – The multi-million peso port terminal of the Bacolod Real Estate Development Corporation (BREDCO) is eyeing full operations in July 2018. BREDCO president John Alonte told the Daily Guardian here that the terminal designed to accommodate about 5,000 passengers is structurally finished and “what’s only missing are the equipment like the x-ray machines, […] The post Bredco port terminal eyes full operation next month appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated News19 hr. 36 min. ago

Parking fee? Fault lies in Ombudsman setup

MANILA, Philippines – They are our anti-graft warriors, people entrusted by the Constitution to make sure that corrupt public officials are held accountable for every misused peso. The Office of the Ombudsman, where these graft warriors work, has multiple layers to make sure there are sufficient checks ........»»

Category: newsSource:  rapplerRelated News20 hr. 49 min. ago

COA uncovers serious procurement violations in multi-million peso electric infrastructure contracts

Government auditors have uncovered serious violations of government procurement regulations in multi-million infrastructure contracts awarded by a number of electric cooperatives in the country. COA uncovers serious procurement violations in multi-million peso electric infrastructure contracts Government auditors have uncovered serious violations of government procurement regulations in multi-million infrastructure contracts awarded by a number of electric… link: COA uncovers serious procurement violations in multi-million peso electric infrastructure contracts.....»»

Category: newsSource:  manilainformerRelated NewsJun 23rd, 2018

Peso Firms Up, Stocks Sink Deeper into Bear Territory

While the Philippine peso was regaining strength against the greenback on Thursday, local stocks continued their decline, plunging more than 2 percent, sinking deeper into bear territory. The local unit rose from a 12-year low to close at 53.46 from the 53.48 finish on Wednesday. It opened the day at 53.39 and hit an intra-day […].....»»

Category: newsSource:  metrocebuRelated NewsJun 22nd, 2018

Peso regains strength amid US-China trade tensions

The peso rebounded on Friday, June 22, as the dollar slid amid continued concerns over the trade spat between the United States and China. The peso ended Friday’s session at P53.28 against the greenback, 18 centavos stronger than the P53.46-per-dollar finish the previous day. The peso immediately regained its strength as it opened the session […] The post Peso regains strength amid US-China trade tensions appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 22nd, 2018

Kris Aquino’s promise to Teddyboy Locsin: ‘No more Mayor’

The past few days saw Queen of All Media Kris Aquino's comeback to the big screen with a revenge body and a multimillion-peso outfit that's enough to buya three-bedroom condominium unit in Rockwell, Makati. Aquino was definitely all glammed up at the press conference for her Star Cinema film 'I Love You Hater' last June 18. The film has Aquino starring with millennial actors Joshua Garcia and Julia Barretto. It was there in the press conference that Aquino revealed the cost of her outfit and her trimmer waist, an act that may just rival Princess Diana's revenge dress at the Serpentine Gallery summer party in 1994. If there's anything Aquino perhaps has mastered, it's leaving an impre...Keep on reading: Kris Aquino’s promise to Teddyboy Locsin: ‘No more Mayor’.....»»

Category: newsSource:  inquirerRelated NewsJun 22nd, 2018

Stocks enter bear territory

The local stock barometer entered bear territory in intraday trading on Tuesday as investors --mostly unnerved by the sharply depreciating peso and the escalating US-China trade war--dumped more eq.....»»

Category: newsSource:  philippinetimesRelated NewsJun 20th, 2018

‘Rent-sangla’ car recovered in Cavite

SAN PEDRO CITY - A car allegedly sold illegally through the "rent-sangla" scheme was recovered in Silang, Cavite on Monday, the police Highway Patrol Group (HPG) said on Wednesday. This was the latest development in the multi-million peso car rental scam that prompted hundreds of vehicle owners to file a case at the Department of Justice last year. The car, a Toyota Vios with conduction sticker number VI4733, was recovered along the Tagaytay-Sta.Rosa road in Barangay Puting Kahoy, Silang. A report from the Calabarzon police, said authorities flagged down the vehicle when they spotted its driver, Wilson Tesoro, driving without a seatbelt on. When questioned, Tesoro could not s...Keep on reading: ‘Rent-sangla’ car recovered in Cavite.....»»

Category: newsSource:  inquirerRelated NewsJun 20th, 2018

Stocks nosedive, peso slightly up

Share prices continued to nosedive yesterday on escalating tension between the US and China and uncertainty ahead of the Bangko Sentral ng Pilipinas Monetary Board meeting, analysts said......»»

Category: financeSource:  philstarRelated NewsJun 20th, 2018

BSP seen raising rates anew

The Bangko Sentral ng Pilipinas needs to jack up benchmark rates amid concerns of overheating due to the weak peso as well as rising inflation, the DBS Bank of Singapore said in a report......»»

Category: financeSource:  philstarRelated NewsJun 20th, 2018

Stocks slump to 14-month low

A weakening peso and escalating US-China tension yesterday caused a bloodbath at the local stock market as trading resumed after a long weekend break, dragging the local stock barometer closer to b.....»»

Category: newsSource:  philippinetimesRelated NewsJun 20th, 2018

Peso, stocks fall to new lows

Renewed fears of a possible trade war between the US and China again took its toll on the local financial market as foreign exchange and stock trading succumbed to new lows yesterday......»»

Category: financeSource:  philstarRelated NewsJun 19th, 2018

DOH uncovers billion peso irregularity in Barangay Health Station project – Duque

MANILA, Philippines – Health Secretary Francisco Duque III said on Monday, June 18, the Department of Health (DOH) uncovered possibly "billions of pesos worth of irregularities" in the Barangay Health Stations (BHS) project. Some P8.1 billion was earmarked for the BHS project, but Duque said there were no validated sites ........»»

Category: newsSource:  rapplerRelated NewsJun 19th, 2018

Oil prices up Tuesday

Petroleum companies have implemented minimal price increases on fuel products today due to the weakening of the peso against the dollar......»»

Category: newsSource:  philstarRelated NewsJun 18th, 2018

DOH uncovers billion peso irregularity in Barangay Health Station project – Duque - Rappler

DOH uncovers billion peso irregularity in Barangay Health Station project – Duque - Rappler.....»»

Category: newsSource:  googlenewsRelated NewsJun 18th, 2018

Peso hits P53.48:$1

Monetary policy differences, US-China trade spat blamed Monetary policy “divergences” and renewed trade tensions between the United States and China pulled the Philippine peso to a fresh 12-year low of P53.48 against the dollar on Monday. The currency closed 21 centavos down from P53.27:$1 last Thursday, its lowest since a P53.55:$1 finish on June 29, [...] The post Peso hits P53.48:$1 appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 18th, 2018

DoH bares P8.1-B anomalous project

THE Department of Health (DoH) said it has uncovered anomalies in the multi-billion peso Barangay Health Station (BHS) project of the previous administration. The P8.1-billion project was supposed to build 5,700 barangay (village) health stations to ensure the access of barangay residents to primary care, using public elementary schools as base stations. “Heads will roll. [...] The post DoH bares P8.1-B anomalous project appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 18th, 2018

Overseas Filipinos’ cash remittances

OVERSEAS Filipino workers (OFWs) sent more money home in April, clocking the fastest growth in over a year on the back of a weaker peso, the central bank reported on Monday. Read the full story. The post Overseas Filipinos’ cash remittances appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJun 18th, 2018