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Peso falls to 53.23:$1, a 12-year low

  The peso fell to its weakest level against the US dollar in 12 years on Wednesday as traders digested dovish statements of central bank officials that made financial markets uncertain about another interest rate hike next week to help cap local consumer prices.   At the same time, investors also unloaded the peso and shifted to the dollar without waiting for the outcome of a US Federal Reserve meeting where markets expected the world's most influential central bank to raise its own interest rates for the second time this year.   Weakest since 2006   The peso opened Wednesday's trading session weaker at P53 to the dollar, from the previous tr...Keep on reading: Peso falls to 53.23:$1, a 12-year low.....»»

Category: newsSource: inquirer inquirerJun 14th, 2018

Peso falls to 12-year low

INQUIRER.net FILE PHOTO The peso fell to its weakest level in 12 years on Wednesday as traders digested dovish statements of Bangko Sentral ng Pilipinas officials that made financial markets uncert.....»»

Category: newsSource:  philippinetimesRelated NewsJun 14th, 2018

Peso falls to 53.23:$1, a 12-year low

  The peso fell to its weakest level against the US dollar in 12 years on Wednesday as traders digested dovish statements of central bank officials that made financial markets uncertain about another interest rate hike next week to help cap local consumer prices.   At the same time, investors also unloaded the peso and shifted to the dollar without waiting for the outcome of a US Federal Reserve meeting where markets expected the world's most influential central bank to raise its own interest rates for the second time this year.   Weakest since 2006   The peso opened Wednesday's trading session weaker at P53 to the dollar, from the previous tr...Keep on reading: Peso falls to 53.23:$1, a 12-year low.....»»

Category: newsSource:  inquirerRelated NewsJun 14th, 2018

Philippine peso breaches P53 to $1 level, falls to 12-year low

MANILA, Philippines – The Philippine peso has breached the P53 to $1 level, falling to a 12-year low as markets anticipated the US Federal Reserve to announce another interest rate hike. The peso closed at P53.23 on Wednesday – its weakest level since closing at P53.55 to $1 on ........»»

Category: newsSource:  rapplerRelated NewsJun 13th, 2018

Peso weakens further; falls to P52.55 per dollar

THE peso weakened to a near 12-year low anew on Thursday, which an analyst said could be partly attributed to a central bank decision to cut bank reserve requirements. The currency closed 8 centavos down at P52.55 to the dollar, its lowest since a P52.74:$1 finish on July 19, 2006. ING Bank Manila senior economist [...] The post Peso weakens further; falls to P52.55 per dollar appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 24th, 2018

Peso falls to P52.46:$1, lowest in nearly 12 yrs

The peso weakened to a near 12-year low on Monday, weighed down by fears of accelerated US interest rate hikes and other global concerns. The currency closed 13 centavos down at P52.46:$1, its lowest since its P52.74:$1 finish on July 19, 2006. It opened at P52.36:$1 and traded between P52.34 and P52.48. Land Bank of [...] The post Peso falls to P52.46:$1, lowest in nearly 12 yrs appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 22nd, 2018

Peso falls to 11-year low

The peso continued to weaken yesterday, shedding 13.5 centavos to close at a fresh 11-year low amid the country’s weakening external payments position due to the widening trade and current account deficits......»»

Category: financeSource:  philstarRelated NewsMay 21st, 2018

Peso falls to new 11-year low

Peso falls to new 11-year low.....»»

Category: financeSource:  philstarRelated NewsJul 19th, 2017

Peso falls to fresh 11-year low

MANILA, Philippines -  The peso weakened further yesterday to a fresh 11-year low due to the rising possibility of monetary policy tightening in the US, Japa.....»»

Category: financeSource:  philstarRelated NewsJul 6th, 2017

Peso falls to 10-year-low

he peso closed at a 10-ye........»»

Category: newsSource:  manila_shimbunRelated NewsMar 2nd, 2017

Peso falls to new 11-year low

he Philippine peso closed........»»

Category: newsSource:  manila_shimbunRelated NewsFeb 20th, 2017

Peso falls to 10-year low at 50.23:$1

MANILA, Philippines - The peso declined by another 23 centavos to close at its weakest level in more than a decade yesterday, spooked by prospects of higher.....»»

Category: financeSource:  philstarRelated NewsFeb 20th, 2017

Business confidence falls amid concern over Duterte policy shift

BUSINESSES grew less bullish during the fourth quarter to break the usual pattern ahead of the holiday season, amid concerns over policy changes under the Duterte administration and a weaker peso to log a two-year low, the Bangko Sentral ng Pilipinas (BSP.....»»

Category: newsSource:  bworldonlineRelated NewsNov 25th, 2016

Peso falls to 7-year low of 48.33 a dollar

Peso falls to 7-year low of 48.33 a dollar.....»»

Category: financeSource:  thestandardRelated NewsSep 29th, 2016
Category: newsSource:  manila_shimbunRelated NewsSep 26th, 2016

Peso falls to seven-year low

Peso falls to seven-year low.....»»

Category: entertainmentSource:  pepRelated NewsSep 26th, 2016

NCAA: Baste forfeits 2 wins, falls to bottom of standings

San Sebastian College-Recoletos’ struggles in the NCAA 94 Men’s Basketball Tournament have just gotten worse. The Golden Stags have been forced to forfeit two of their wins as the league has decided with finality in favor of disciplinary action for RK Ilagan on Thursday. “For playing in an unauthorized basketball game, (RK Ilagan) was meted with (a) three-game suspension. In addition, the team was also penalized by ordering the forfeiture of all games where the erring playing played,” NCAA management committee chairman Frank Gusti said in statement. Ilagan, one of Baste’s top guns, was put under investigation by the league’s management committee for playing in a commercial league in Quezon City in late June. As per NCAA rules, a player is not allowed to see action in any other league during the season without the permission of his school. The third-year guard averaged 13.8 points, 3.6 assists, and 2.8 rebounds in San Sebastian’s first five games – two ending up in wins. With the league’s decision, however, those two wins will have to be overturned. As such, the Golden Stags’ record is now 1-8. Head coach Egay Macaraya said that they are only hoping for this to be fuel for their fire. “Ang focus lang namin ngayon is to win more games. Hopefully, ma-motivate nito ang mga bata na at least matuto na manalo,” he said. Conversely, the two teams Baste beat in those two games will gain a win. That gives College of St. Benilde a win to put it over .500 at 4-3 and Jose Rizal University its first win in seven games. --- Follow this writer on Twitter, @riegogogo......»»

Category: sportsSource:  abscbnRelated News15 hr. 53 min. ago

Kagawad falls in drug sting

A 65-YEAR-OLD barangay kagawad from Oton, Iloilo was arrested for alleged drug dealing evening of Aug. 13, 2018. Milagros Sorongon, a barangay official of Poblacion South, allegedly sold sachets of suspected shabu for P20,200. Members of the Iloilo Police Provincial Office-Provincial Drug Enforcement Unit (IPPO-PDEU) and Oton Police Station further recovered three plastic sachets of […] The post Kagawad falls in drug sting appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsAug 14th, 2018

EDC H1 income falls 21%

Energy Development Corp. (EDC) saw its consolidated recurring net income fall for the first semester by 21 percent year-on-year, settling at P4.1 billion this year from P5.2 billion previously. The.....»»

Category: newsSource:  philippinetimesRelated 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

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