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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......»»

Category: financeSource:  philstarRelated NewsMar 5th, 2024

Market plunges deeper amid Middle East conflict

The stock market plunged deeper in the red yesterday on concerns over the escalating conflict in the Middle East......»»

Category: financeSource:  philstarRelated NewsApr 15th, 2024

Halted by the pandemic, Philippine women’s ice hockey team plunges back to action

The Philippine women’s ice hockey team will be returning to action for the first time in years, taking part in the 2024 IIHF Women’s Asia and Oceania Championship Division 1 in Kyrgyzstan beginning next week......»»

Category: newsSource:  philstarRelated NewsMar 15th, 2024

Urgent: Truck plunges into cliff in central Philippines, killing 14

MANILA, Feb. 21 (Xinhua) -- At least 14 people were killed and three others critically injured after a truck fell into a cliff in Negros Oriental province in central Philippines on Wednesday. Police said the truck was traveling along a highway when the driver lost control of the vehicle in Mabinay town, causing it to overturn and roll into a ravine at around 1:30 p.m. local time. The upside-down truck pin.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 22nd, 2024

Urgent: Truck plunges into cliff in central Philippines, killing 14

MANILA, Feb. 21 (Xinhua) -- At least 14 people were killed and three others critically injured after a truck fell into a cliff in Negros Oriental province in central Philippines on Wednesday. Police said the truck was traveling along a highway when the driver lost control of the vehicle in Mabinay town, causing it to overturn and roll into a ravine at around 1:30 p.m. local time. The upside-down truck pin.....»»

Category: newsSource:  manilanewsRelated NewsFeb 21st, 2024

Groseclose sees action in Gangwon

Peter Groseclose plunges into action in the fourth Winter Youth Olympic Gameson Saturday morning at the 12,000-seat Gangneung Ice Arena......»»

Category: sportsSource:  philstarRelated NewsJan 19th, 2024

Strong Group puts loaded lineup to test vs UAE

Strong Group Athletics plunges into a baptism of fire when it opens its campaign against host United Arab Emirates (UAE) national team in the 33rd Dubai International Basketball Championship Friday at the Al Nasr Club......»»

Category: sportsSource:  philstarRelated NewsJan 18th, 2024

Boy Tapang binalaan ng BSP dahil sa saranggolang gawa sa P1K bill: Sorry po

PERSONAL na binalaan ng mga kinatawan ng Bangko Sentral ng Pilipinas (BSP) ang YouTuber na si “Boy Tapang” sa kanyang bahay kamakailan. Nag-viral kasi sa social media ang pagpapalipad ng content creator ng saranggola na gawa sa P1,000 peso bills. Mismong si Boy Tapang ang nag-post ng isang video sa kanyang socmed account para ipaalam.....»»

Category: newsSource:  inquirerRelated NewsApr 16th, 2024

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......»»

Category: financeSource:  philstarRelated NewsApr 14th, 2024

Officials seek inclusion of Boracay in peso bills

The Municipal Council of Malay, Aklan will come up with a resolution requesting the Bangko Sentral ng Pilipinas (BSP) to include the picture of Boracay Island in the new bank notes it is producing......»»

Category: newsSource:  thenewstodayRelated NewsApr 10th, 2024

PBCom eyes P2 billion from new bond issue

The Philippine Bank of Communications is looking to raise at least P2 billion, with an option to oversubscribe, from the first tranche of its new peso bond program......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024

Grab contributes up to 0.3 percent to GDP – study

Ride-hailing giant Grab Philippines contributes as much as 0.3 percent to the economy, as a peso spent on the platform generates an additional P3.42 in output, according to a recent report......»»

Category: financeSource:  philstarRelated NewsMar 12th, 2024

‘Probe past NFA admins’ billion-peso palay sales’

Farmers’ group Federation of Free Farmers national manager Raul Montemayor asked Agriculture Secretary Francisco Tiu Laurel Jr. to include in the ongoing probe on the National Food Authority (NFA)’s questionable rice sale to some traders the alleged billions of pesos worth of fresh palay sold during previous administrations......»»

Category: newsSource:  philstarRelated NewsMar 3rd, 2024

Gov’t debt stock rose to P14.79 trillion as of Jan

MANILA, Philippines — The government’s outstanding debt rose in January due to a weak peso and after the Marcos administration borrowed more from local creditors than what it paid for its maturing liabilities, the Bureau of the Treasury (BTr) reported Friday. Data showed state obligations increased 1.9 percent month-on-month to P14.79 trillion as of January. ALSO READ:.....»»

Category: newsSource:  inquirerRelated NewsMar 2nd, 2024

Debt balloons to P14.8 trillion

The issuance of domestic securities and the weakening of the peso pushed the country’s outstanding debt to a fresh high of P14.79 trillion in January, latest data from the Bureau of the Treasury showed......»»

Category: financeSource:  philstarRelated NewsMar 1st, 2024

End-January Philippine debt balloons to P14.79 trillion — Treasury

The Philippines' outstanding debt climbed to a record of P14.79 trillion as of the end of January 2024 due to the net issuance of domestic securities and the effect of peso depreciation, the Bureau of Treasury (BTr) said on Friday......»»

Category: newsSource:  philstarRelated NewsMar 1st, 2024

Korea-led joint venture bags Comelec deal

A joint venture led by South Korean firm Miru Systems Co. Ltd. bagged the multibillion-peso contract for the lease of voting machines to be used in the May 2025 midterm polls, the Commission on Elections announced yesterday......»»

Category: newsSource:  philstarRelated NewsFeb 22nd, 2024

Cebu Daily Newscast: Remittances soar to P33.5 billion in 2023 – BSP

Listen to Cebu Daily Newscast and get the latest stories in and around Cebu. Here’s what you need to know on Friday, February 16. Remittances soar to P33.5 billion in 2023 – BSP Filipinos abroad sent a record amount of money back home in 2023 as remittances hit $33.5 billion, boosted by a stronger peso......»»

Category: newsSource:  inquirerRelated NewsFeb 16th, 2024

Remittances soar to P33.5 billion in 2023 – BSP

MANILA, Philippines — Filipinos abroad sent a record amount of money back home in 2023 as remittances hit $33.5 billion, boosted by a stronger peso. This increase in the value of remittances helped households cope with high inflation. According to the Bangko Sentral ng Pilipinas (BSP), cash remittances through banks totaled $33.5 billion, marking a.....»»

Category: newsSource:  inquirerRelated NewsFeb 16th, 2024

Tax credit scam: 5 ex-DOF execs get 8 years

The Sandiganbayan has affirmed the conviction of five former officials of the Department of Finance for graft over the multibillion-peso tax credit scam in the 1990s......»»

Category: newsSource:  philstarRelated NewsFeb 9th, 2024