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Peso weakness drags down stocks anew

The stock market retreated anew yesterday as the peso tumbled against the dollar ahead of a US Federal meeting......»»

Category: financeSource: philstar philstarJun 13th, 2018

Local stocks slump on peso weakness

The peso's depreciation to a 12-year-low against the US dollar ahead of a closely watched US Federal Reserve's monetary policy-setting dragged the local stock barometer down to the 7,600.....»»

Category: newsSource:  philippinetimesRelated NewsJun 14th, 2018

Stocks decline as inflation worries keep investors cautious

Shares fell anew on Tuesday, May, 29, as investors remained cautious against inflationary pressures and the weakening peso given the lack of positive leads. The post Stocks decline as inflation worries keep investors cautious appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 29th, 2018

Front Page: Trump's shock victory adds to risk

REPUBLICAN Donald J. Trump's shock victory in the US presidential election has cast a cloud of uncertainty anew over the Philippine economy, as signaled by the stock market's biggest one-day loss since late January and the peso's renewed weakness followin.....»»

Category: financeSource:  bworldonlineRelated NewsNov 9th, 2016

Peso falls anew to P53:$1

The peso fell back to the P53:$1 level on Tuesday, losing some of the strength it gained the previous day, following an inflation-fueled stock market plunge. The currency, which added 30 centavos on Monday to its highest in nearly two months, opened at P52.85 against the greenback and dropped to as low as P53.01 during [...] The post Peso falls anew to P53:$1 appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsAug 8th, 2018

Local Stocks End Week in Positive Territory, Peso Moves Sideways

Positive sentiments returned to the Philippine equities market Friday enabling the main gauge to finish the week with gains but the peso closed almost unchanged against the US dollar. The Philippine Stock Exchange index (PSEi) gained 0.16 percent, or 11.74 points, to 7,399.61 points, which a trader said is normal given the ongoing developments in […].....»»

Category: newsSource:  metrocebuRelated NewsJul 23rd, 2018

Weak peso drags Isuzu truck sales

ISUZU Philippines Corp. posted lackluster truck sales in the first half due to the depreciating peso, but demand could recover in the second half with the government’s jeepney modernization program and heightened safety standards, a company official said......»»

Category: financeSource:  bworldonlineRelated NewsJul 22nd, 2018

Late buying lifts stocks to green zone anew

The stock market managed to recover yesterday on late buying after languishing in the red on Monday......»»

Category: financeSource:  philstarRelated NewsJul 17th, 2018

Diokno: Peso weakness a net win

The weakening of the Philippine peso, one of Asia’s worst performing currencies so far this year, is a “net win” for the country, Budget Secretary Benjamin Diokno said amid concerns over the local currency’s slump......»»

Category: financeSource:  philstarRelated NewsJul 10th, 2018

Peso weakness no cause for concern, says Pernia

The prevailing weakness of the peso versus the dollar should not be a cause for concern as the economy continues to benefit from it, Socioeconomic Planning Secretary Ernesto Pernia said......»»

Category: financeSource:  philstarRelated NewsJul 10th, 2018

NFA seeks P8 hike in palay buying price

State-run National Food Authority is pushing anew for an increase in the buying price of palay by up to P8 per kilogram, to allow it to compete with private traders and ensure better procurement of domestic stocks......»»

Category: financeSource:  philstarRelated NewsJul 3rd, 2018

Mexican peso, stocks fall as leftist wins presidency

The Mexican peso and stock market both fell Monday after the country elected the anti-establishment leftist Andres Manuel Lopez Obrador as its next president. After the fiery candidate known as “AMLO” swept to a landslide victory, the Mexican stock market’s key index lost 2.12 percent, while the peso closed down 0.9 percent against the dollar. […].....»»

Category: newsSource:  bworldonlineRelated NewsJul 3rd, 2018

Peso drop not a sign of economic weakness

The Philippine economy remains strong despite a weakening peso, the Finance department said on Friday as it blamed the depreciation on outside factors such as a brewing trade war between the United States and China. “Exchange rate movements — whether depreciation or appreciation — should not be taken as a sign of structural weakness in [...] The post Peso drop not a sign of economic weakness appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 30th, 2018

DOF: Peso depreciation not a sign of economic weakness

The depreciation of the peso should not be considered as a sign of a weak economy, according to the Department of Finance......»»

Category: financeSource:  philstarRelated NewsJun 29th, 2018

Stocks slump anew as bluechips suffer

The stock market’s recovery proved short-lived as share prices resumed their decline yesterday......»»

Category: financeSource:  philstarRelated NewsJun 28th, 2018

Peso slips to new low

THE PESO weakened anew on Thursday, slipping to a fresh 12-year low, as the dollar went up amid renewed trade war concerns......»»

Category: newsSource:  bworldonlineRelated NewsJun 28th, 2018

Peso weakness won’t affect infra goals

The peso’s decline will not affect the implementation of projects under the “Build Build Build” program, the National Economic and Development Authority (NEDA) said on Wednesday. Socioeconomic Planning Secretary Ernesto Pernia said the government still expected to spend P1.879 trillion over the course of the program despite the currency having fallen to P53:$1 and amid [...] The post Peso weakness won’t affect infra goals appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJun 28th, 2018

Peso weakness seen beneficial up to medium term

A weakening peso should not be a cause for worry as it is beneficial to the country up to the medium term, First Metro Investment Corp. said......»»

Category: financeSource:  philstarRelated NewsJun 26th, 2018

Peso Firms Up, Stocks Sink Deeper into Bear Territory

While the Philippine peso was regaining strength against the greenback on Thursday, local stocks continued their decline, plunging more than 2 percent, sinking deeper into bear territory. The local unit rose from a 12-year low to close at 53.46 from the 53.48 finish on Wednesday. It opened the day at 53.39 and hit an intra-day […].....»»

Category: newsSource:  metrocebuRelated NewsJun 22nd, 2018

Lack of impetus drags stocks lower

Bearish sentiment prevailed in yesterday’s trading session, sending the stock market gauge further south......»»

Category: financeSource:  philstarRelated NewsJun 22nd, 2018

Stocks enter bear territory

The local stock barometer entered bear territory in intraday trading on Tuesday as investors --mostly unnerved by the sharply depreciating peso and the escalating US-China trade war--dumped more eq.....»»

Category: newsSource:  philippinetimesRelated NewsJun 20th, 2018