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‘BSP ready to mitigate excessive peso volatility’
Monetary authorities are ready to mitigate any “unnecessary movement” and “excessive volatility” in the foreign exchange market as the peso sank to fresh 17-month lows against the dollar, according to Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr......»»
Stocks up, peso breaches 56:$1
The stock market posted slight gains yesterday as it tracked upswing in US markets, while the peso weakened and breached the 56 to $1 barrier......»»
Peso underperformance likely to continue – MUFG
The Philippine peso may continue to underperform against the dollar this quarter amid the country’s wide current account deficit and expensive foreign exchange valuations, Tokyo-based MUFG Bank said......»»
Despite low wages, Pandi-based ‘maninipit’ mothers try to augment family income
Assembling clothespins is among the many jobs women do in the occupied houses in Pandi, Bulacan. The mothers mentioned other low-income jobs like garlic peeling, rug making and notebook sewing. The post Despite low wages, Pandi-based ‘maninipit’ mothers try to augment family income appeared first on Bulatlat......»»
BSP onboards 1st nonbank electronic money issuer
The Bangko Sentral ng Pilipinas (BSP) achieved a significant milestone by welcoming OmniPay, Inc. as the first nonbank electronic money issuer (EMI) participant in its Real Time Gross Settlement (RTGS) payment system, PhilPaSSplus. This move aligns with the National Payment Systems Act and signifies a more inclusive national payment system, allowing nonbank financial institutions to conduct efficient and low-risk funds transfers directly through the central bank. Assistant Governor Mary Anne P. Lim emphasized the BSP's commitment to safeguarding the entire Peso RTGS payment system amidst global trends of diversified participation. With 236 institutions, including various banks and nonbank entities, utilizing PhilPaSSplus for large value transactions and retail payment clearing, the BSP's initiative reflects a broader trend of central banks facilitating direct access for nonbank entities to settlement services. This development comes as international standard-setting bodies work on access guidelines to manage risks in evolving payment systems with new players and financial technologies......»»
Infrastructure spending hits lowest level in November
Government spending for infrastructure dropped to a year-low in November last year even after state agencies were ordered to catch up on their expenses to boost economic growth......»»
Globe sets 2024 capex at P55 billion, a 5-year low
Mobile giant Globe Telecom Inc. is bringing down its capital expenditures to a five-year low of P55 billion in 2024, as the telco works on attaining a certain cost efficiency for financial health......»»
Drag artist arrested anew over ‘Jesus’ act
Drag performer Pura Luka Vega was arrested anew on Thursday for performing as Jesus to the Catholic hymn “Our Father” in a bar last year......»»
Globe hits SIMs engaged in spam and scam SMS
Globe hits SIMs engaged in spam and scam SMS.....»»
Cebu hits record high heat index of 39°C
Cebu hits record high heat index of 39°C.....»»
Dawn fire hits 4 houses in Cebu City; 1 more razed in Argao town
Dawn fire hits 4 houses in Cebu City; 1 more razed in Argao town.....»»
Water shortage ‘severely’ hits barangays in 3 cities
Water shortage ‘severely’ hits barangays in 3 cities.....»»
Fire hits three-hectare land in Argao
Fire hits three-hectare land in Argao.....»»
Cebu Daily Newscast: Huge fire hits two sitios in Looc, Mandaue City
Listen to Cebu Daily Newscast and get the latest stories in and around Cebu. Here’s what you need to know on Tuesday, March 12, 2024. Huge fire hits two sitios in Looc, Mandaue City A fire broke out in two sitios in Barangay Looc, Mandaue City on Tuesday noon, March 12, 2024. The fire hit.....»»
RLC s net income hits all-time high to P12.06B in 2023
RLC s net income hits all-time high to P12.06B in 2023.....»»
Fire hits school building in upland Cebu City barangay
Fire hits school building in upland Cebu City barangay.....»»
Volcanic smog hits towns around Taal anew
Volcanic smog or vog was reported yesterday in towns around Taal Volcano following an increase in sulfur dioxide emissions, according to the Philippine Institute of Volcanology and Seismology......»»
Peso may outperform peer currencies this year
The peso is seen outperforming other currencies in the region this year, but is not likely to strengthen against the dollar due to expectations of delayed rate cuts and the Philippines’ trade deficit, according to British banking giant HSBC......»»
Weather tracker- Tropical Cyclone Kirrily brings 170km-h gusts to Queensland - Extreme weather
Cyclone downgraded after dense fog hits parts of the US and India while drought affects Philippines and southern Africa Tropical Cyclone Kirrily made landfall on the coast of Queensland on Thursday night (local time). Kirrily originated as a tropical low over the Coral Sea, and gradually intensified over several days. The tropical cyclone then quickly intensified on Thursday, reaching a category 2 system by 10am AEST, and.....»»
German manufacturing hits four-month low - S& P Global
Factory activity has dropped further than expected by economists, signaling a sharp downturn in the economy, data shows German manufacturing activity dropped well below expectations in February, indicating an accelerated rate of economic downturn, the latest data compiled by S&P Global has revealed. .....»»