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

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

Peso climbs to six-month high on positioning before yearend

THE PESO soared against the dollar on Wednesday, hitting its strongest level in six months as it briefly breached the P49 level intraday, as it strengthened in the offshore market. The local currency finished at P50.04 against the greenback yesterday, gaining 10 centavos from its P50.14-per-dollar close seen on Friday. Wednesday’s finish was also the […] The post Peso climbs to six-month high on positioning before yearend appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsDec 27th, 2017

Peso touches 49:$1 level

  The pesoon Wednesdaytouched the 49:$1 level before closing at 50.04:$1, 10 centavos stronger than it was before the Christmas holiday break. At the Philippine Dealing System, the peso reached an intraday high of 49.96:$1 and a low of 50.05:$1 after opening at 50.03:$1. It closed at 50.14:$1 on Dec. 22. After a two-day break, the peso closed at its strongest sinceJune 19's 49.91:$1, after which it slipped to 11-year low levels before recovering towards yearend. The total volume traded slid to $523.1 million from $740.8 million last Friday. In a note to clients, Metrobank Research said it expects the peso-dollar pair to trade within the range of 49.8-50.5:$1 this ...Keep on reading: Peso touches 49:$1 level.....»»

Category: newsSource:  inquirerRelated NewsDec 27th, 2017

Nov. poll puts inflation on track to target

By Elijah Joseph C. Tubayan Reporter THE OVERALL RISE in prices of widely used goods and services could have eased in November as a stronger peso softened import costs, according to analysts polled last week who said this should leave room for the central bank to steady its policy stance till yearend. A poll among […] The post Nov. poll puts inflation on track to target appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsDec 3rd, 2017

BSP keeps interest rates unchanged

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) decided to maintain the country's interest rates. But due to rising oil prices, higher liquidity in the financial system, as well as the weaker Philippine peso, the central bank hiked its inflation forecast for 2018. BSP Governor Nestor Espenilla Jr said the Monetary Board ........»»

Category: newsSource:  rapplerRelated NewsNov 9th, 2017

PAL pays nearly P6B to DOTr to settle accounts

MANILA, Philippines — Lucio Tan-led flag carrier Philippine Airlines (PAL) settled its multi-billion-peso debt with government on Friday, November 3. “PAL settled today, 3 November 2017, its P6 billion unpaid air navigational charges to the national government, which were incurred since 1970s up to 30 July 2017,” the Department of ........»»

Category: newsSource:  rapplerRelated NewsNov 3rd, 2017

&'145;Hot money' inflows beat 2016 forecast despite Dec. outflow

MORE foreign capital fled than entered the Philippines in December, reflecting market jitters in the face of fresh rate hike in the United States, although the full-year tally bested government expectations to settle in positive territory, according to central bank data......»»

Category: newsSource:  bworldonlineRelated NewsJan 12th, 2017

Peso forecast for 2017 weakest at P52:$1

Peso forecast for 2017 weakest at P52:$1.....»»

Category: newsSource:  manilatimes_netRelated NewsJan 9th, 2017

BIR seizes assets of IBC-13 for public auction to settle its multi-million-peso tax debts

The Bureau of Internal Revenue (BIR) has seized and will sell the land, building, machinery and equipment of the government-owned Intercontinental Broadcasting Corporation (IBC-13) for non-payment of back taxes totaling to hundreds of millions of pesos......»»

Category: newsSource: NewsAug 24th, 2016

ING reverts peso forecast to 47.5 : $1

MANILA, Philippines - Dutch financial giant ING Bank now expects a weaker peso with the impending rate hike by the US Federal Reserve in the first quarter of.....»»

Category: financeSource:  philstarRelated NewsAug 6th, 2016

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 News3 hr. 4 min. ago

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 News3 hr. 38 min. ago

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 News5 hr. 17 min. ago


Page Maker: Zedrick Señeres DAHLINGS, this year’s edition of the much-awaited Wedding Rituals Fashion forecast of Cosmo Iloilo took a fluid and awesome glide at the fashion runway. Contrary to popular belief, in the intricate and visual soiree of the featured wedding gowns by our talented fashion gurus, modern touch is not devoid of tradition. […] The post A BRIDAL URBAN AFFAIR… appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated News5 hr. 50 min. ago