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Peso forecast to settle at 51.90:$1 by yearend

MANILA, Philippines - BPI Asset Management and Trust Co., the asset management arm of the Bank of the Philippine Islands (BPI), expects the peso to continue.....»»

Category: financeSource: philstar philstarJan 13th, 2018

BMI sees peso closing at P51 to $1 by yearend

MANILA, Philippines — BMI Research said it has adopted a neutral view on the Philippine peso over the next three to six months and raised its forecast for th.....»»

Category: financeSource:  philstarRelated NewsOct 1st, 2017

Peso, stocks weaken anew

Financial markets suffered heavily yesterday, with the benchmark Philippine Stock Exchange index (PSEi) plunging by 101.44 points, or 1.36 percent, to end at 7,332.17, and the peso weakening by another eight centavos to settle at 54.31 to a dollar......»»

Category: financeSource:  philstarRelated News3 hr. 12 min. ago

Peso, stocks weaken anew

Financial markets suffered heavily yesterday, with the benchmark Philippine Stock Exchange index (PSEi) plunging by 101.44 points, or 1.36 percent, to end at 7,332.17, and the peso weakening by another eight centavos to settle at 54.31 to a dollar......»»

Category: financeSource:  philstarRelated News3 hr. 12 min. ago

Philippine peso sinking to P58 vs $1 unlikely – Diokno

MANILA, Philippines – Budget Secretary Benjamin Diokno said it is highly "unlikely" that the Philippine peso will sink further to P58 against the United States dollar. In a media briefing on Wednesday, September 18, Diokno said the forecast of London-based research firm Capital Economics  is "totally unfounded." "The fear that our ........»»

Category: newsSource:  rapplerRelated NewsSep 19th, 2018

Inflation aggravated by weak peso but yearend relief coming, says BSP

Some of the price increases that have pushed the country's inflation rate to its highest in nearly a decade can be attributed to a weak peso, which has been on a downtrend since the start of t.....»»

Category: newsSource:  philippinetimesRelated NewsSep 19th, 2018

First-half current account gap shows more pressure in store for the peso

THE COUNTRY’S current account balance reversed to a deficit in the second quarter, largely under the weight of a growing merchandise trade gap, making the first-semester shortfall hit the Bangko Sentral ng Pilipinas’ (BSP) full-year forecast and signalling more pressure ahead on an already beleaguered peso. The post First-half current account gap shows more pressure in store for the peso appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsSep 14th, 2018

Before August inflation data, analysts see inflation within BSP forecast

Private economists the central bank surveyed last July saw inflation for 2018 to settle at 4.7 percent, faster than their 4.5 percent forecast in June......»»

Category: financeSource:  philstarRelated NewsSep 6th, 2018

ANZ: Peso still likely to hit P54:$1 by yearend

Australia-based ANZ Research continues to hold a bearish outlook for the Philippine peso despite noting that higher interest rates were providing the currency some relief. “While we have been cautious on the Philippines, we note some signs of improvement,” it said in a report. In particular, the research firm pointed out that the peso was [...] The post ANZ: Peso still likely to hit P54:$1 by yearend appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsAug 26th, 2018

Peso Stays Strong, Local Shares Shed on Profit-Taking

The Philippine peso finished Monday strong against the US dollar while the Philippine Stock Exchange index (PSEi) fell on profit-taking. Easing of concerns on developments in Turkey allowed the local currency to finish the day at 53.38 at the start of this week from 53.425 close Friday last week. A trader said moves to settle […].....»»

Category: newsSource:  metrocebuRelated NewsAug 22nd, 2018

Peso could strengthen by yearend – economist

Higher foreign direct investments (FDI) and continued central bank hawkishness could allow the peso to trade stronger by the end of the year, an ING Bank Manila economist said. A capital-raising exercise by a San Miguel Corp. unit and the Bangko Sentral ng Pilipinas’ (BSP) push to address above-target inflation may benefit the currency, economist [...] The post Peso could strengthen by yearend – economist appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsAug 21st, 2018

Fitch Solutions Sees One More Rate Hike, Cuts GDP Growth Forecast

Citing sustained rise of inflation and credit growth, Fitch Solutions forecasts an additional 25 basis points increase in the Bangko Sentral ng Pilipinas’ (BSP) key rates before yearend. In a research note, the Fitch Group unit contends that while the implementation of tax reforms since January 2018 is a major contributor to price pressures, it […].....»»

Category: newsSource:  metrocebuRelated NewsAug 13th, 2018

Fitch Solutions cuts PH growth forecast

Another 25-bps policy rate hike expected before yearend A Fitch Group unit has cut its 2018 growth forecast for the Philippines following a substantial second-quarter slowdown, also warning of continued headwinds amid government claims of a production-led recovery in the months ahead. In a report released on Friday, Fitch Solutions (formerly BMI Research) said it now [...] The post Fitch Solutions cuts PH growth forecast appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsAug 11th, 2018

Peso to finish the year at P54:$1 – BMI Research

The Philippine peso is looking both technically and fundamentally “bearish,” BMI Research said as it revised its end-2018 forecast for currency to a much lower P54 against the US dollar. In a report released on Wednesday, the Fitch Group unit noted that the peso remained the worst-performing currency in the region, having weakened by more than 7 percent [...] The post Peso to finish the year at P54:$1 – BMI Research appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJun 28th, 2018

Buy and hold, PCA or trade?

Question: The stock market is falling like a rock. What is the best strategy to take? Do I just stop with what I have and hold until I will need funds? Do I do peso cost averaging as recommended by many advisers? Or, do I start to buy and sell over short periods of time? ---asked at "Ask a friend, ask Efren" free service available at www.personalfinance.ph, Facebook and SMS. Answer: To answer your question, let us first look at the historical performance of the Philippine Stock Exchange index or PSEi. We will need to start from 1987 or after the unified index was implemented. From 1987 to 2017, the PSEi rose from a yearend closing of 816.21 to 8,558. If we were to compute the simpl...Keep on reading: Buy and hold, PCA or trade?.....»»

Category: newsSource:  inquirerRelated NewsJun 27th, 2018

DeChambeau takes 1-shot lead as Woods lurks at Memorial

By Doug Ferguson, Associated Press DUBLIN, Ohio (AP) — Bryson DeChambeau finished off a 6-under 66 with birdies on two of the toughest holes, giving him a one-shot lead going into a final round at a Memorial that features Tiger Woods in the mix at Muirfield Village for the first time in six years. Woods was in total control of his shots for the second straight day, only to miss short putts down the stretch that spoiled his run. He was briefly tied for the lead Saturday until three-putt bogeys on the 16th and 18th holes, and he had to settle for a 68. He was five shots behind. Woods wasn't alone in missing short putts. Walking off the course with his first 54-hole lead, DeChambeau couldn't but help but think of the two that got away. He missed a 3-foot birdie putt on the ninth hole, and then missed a birdie putt from 4 feet on the par-5 15th. With the course soft and vulnerable to low scores, it was tough to leave shots on the course. "Just keep thinking about those two 3-footers I missed," said DeChambeau, who was at 14-under 202. "I played great, obviously. Ecstatic about where I am." DeChambeau wasn't even sure where he was when he finished because so many players worked their way up and down the leaderboard over the final two hours. He wound up with a one-shot lead over Kyle Stanley, who bogeyed the 18th hole from the bunker for a 70; Patrick Cantlay, who drove into the creek left of the 18th fairway for a bogey and a 66; and Joaquin Niemann, the 19-year-old from Chile who atoned for one big mistake on the 15th hole with a birdie on the 18th for a 70. Cantlay made two eagles, including a hole-in-one on the par-3 eighth. DeChambeau rolled in a 20-foot birdie on the par-3 16th, the third-toughest at Muirfield Village in the third round, and he hit 9-iron to 5 feet on the toughest hole , the 18th. Six players had at least a share of the lead at some point. Byeong Hun An played bogey-free for a 69 and was two shots behind, while Justin Rose dropped two shots over the last three holes for a 69 and was four back. Woods played the last five holes of the front nine in 5 under, starting with his second eagle of the week. And then he stalled, just like he did on Friday. He didn't make another birdie until the par-5 15th, when his sharp-breaking 15-footer dropped to give him a tie for the lead. That didn't last long. Woods ran his 45-foot birdie putt about 7 feet by on the par-3 16th and missed it coming back, and then closed by missing a 3-foot par putt. "I know I shot 68 today, but again, that's probably the highest score I could have possibly shot," Woods said. "I played really, really well. I played beautifully, actually. Had total control of what I was doing out there and just didn't finish it off." He won the Memorial for the fifth time in 2012, finished 20 shots behind the following year and then injuries took over. He finished in last place in 2015, the last time he was at Muirfield Village. This year has produced the kind of golf Ohio fans are used to seeing. And the weather is about par for Muirfield Village, with more thunderstorms expected Sunday. The final round will be threesomes teeing off earlier than usual to account for the forecast. "The weather is going to be a little iffy," Woods said. "But I'm in a position where if I shoot another good round like I had the last two days, I've got a chance." Rory McIlroy, remarkably, has reason to feel the same way. McIlroy nearly missed the cut, surviving on the number after two days. He played bogey-free for a 64 and wound up just six shots behind. Just like Woods and DeChambeau, he had a few regrets on the greens. McIlroy missed three birdie chances inside 8 feet. Rose has a chance to reach No. 1 in the world with a runner-up finish, depending on what Justin Thomas does Sunday. Thomas shot a 68 with three bogeys and was seven off the lead. Along with making his second ace of the season, Cantlay blistered a 4-iron as far as he can hit it on the par-5 15th, the ball landing just short of the green and stopping 4 feet away. Niemann also made an eagle with a 50-foot putt on the par-5 seventh hole. It was his bid for another eagle that cost him. Going for the green at No. 15, the teenager flared it out to the right and it caught the corner of a creek, leading to bogey. He still was in good shape to win in just his fifth start on the PGA Tour......»»

Category: sportsSource:  abscbnRelated NewsJun 3rd, 2018

April inflation seen further rising

By Melissa Luz T. Lopez Senior Reporter INFLATION likely accelerated further in April amid rising food and oil prices, with the impact of higher taxes and a weaker peso adding upward pressures to the cost of basic goods, according to a BusinessWorld poll. A survey among 11 economists yielded a 4.5% median forecast for the […] The post April inflation seen further rising appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 29th, 2018

Economist poll bares view of 4.1% inflation

BANK ECONOMISTS broadly expect inflation to settle above four percent this year as new taxes, a weaker peso and rising oil prices drive up the cost of basic goods and services, the central bank said. The latest survey conducted by the Bangko Sentral ng Pilipinas (BSP) among private bank economists showed a 4.1% mean inflation […] The post Economist poll bares view of 4.1% inflation appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 22nd, 2018

March inflation could have topped 4%

By Melissa Luz T. Lopez Senior Reporter HEADLINE INFLATION likely quickened further in March to breach four percent amid rising fuel and power costs, analysts said in a BusinessWorld poll, noting that tax reform and a weaker peso have stoked price pressures. A poll among nine economists last week yielded a median forecast of 4.2% […] The post March inflation could have topped 4% appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 1st, 2018

Peso likely to remain weak, fall to P52.50:$1 by yearend

The peso will remain under pressure for most of 2018 and will likely end the year at P52.50 versus the dollar, an investment bank and a private university said in a joint report. “Despite the weakness of the US dollar, its economic strength and country’s bulging trade deficits, the depreciation pressure on the peso should linger [...] The post Peso likely to remain weak, fall to P52.50:$1 by yearend appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsFeb 26th, 2018

Peso strengthens on strong dollar inflows

MANILA, Philippines — The peso gained six centavos yesterday to settle at 49.98 to $1, the strongest level in more than six months due to strong dollar inflo.....»»

Category: financeSource:  philstarRelated NewsDec 28th, 2017