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How to Trade the Forex Market: A Comprehensive Overview
Trading the forex market involves buying and selling currencies with the intention of making a profit from the changes in the exchange rate, hence why.....»»
Philippines forex reserves dip to $103 billion in January
The country’s forex buffer slid slightly to $103.4 billion in January as the government paid its foreign debts and the central bank’s gold holdings took a hit from lower prices in the global market......»»
Under Biden, US reimagines Asian alliances as lattice fence
Seoul, South Korea - For decades, U.S. policy in Asia has relied on what was informally known as the "hub and spokes" system of bilateral alliances. But lately, U.S. officials have used another analogy to describe their vision for the region: a lattice fence.It may sound like only a metaphorical tweak, but officials in the administration of U.S. President Joe Biden say it could have big implications, as they try.....»»
Teachers, academics join growing movement vs Charter change
A newly formed alliance of teachers and academics has branded the government’s Charter change campaign as a form of historical distortion, warning that efforts to tweak the fundamental law also aim to erase the memory of the years-long anti-Marcos struggle that birthed the country’s democratic cornerstone......»»
Philippines likely missed 2023 growth target
While some economists believe the Philippine economy likely grew faster in the fourth quarter, the overall expansion in 2023 is still expected to fall short of the six to seven percent target penned by the government’s economic managers......»»
Government, miners agree on fiscal regime proposal
Miners and government officials have reached a middle ground on the tiering of a proposed windfall profit tax for the mining industry that could pave the way for the approval of the long-awaited mining fiscal regime......»»
US budget deficit tops half a trillion
Outlays accelerated while receipts fell in the first quarter of the new fiscal year, Treasury data shows The US federal budget deficit reached half a trillion dollars in the first three months of the new fiscal year as spending picked up while receipts shrank, the US Treasury revealed on Thursday. In December a.....»»
Global Dominion financed P6.8 billion in 2023
Global Dominion Financing Inc. (Global Dominion) booked P6.8 billion of loans in 2023. This infusion to the Philippine economy mobilized businesses and empowered families to achieve their goals. This growth indicator was highlighted during the company’s 2024 annual stockholders’ meeting, attended by its board of directors, shareholders and senior managers......»»
Why many managers do not manage well
“One day,” says the hard-working employee, “My manager pulled up in his brand-new Lexus, and I couldn’t help but admire it. “Nice car,” he said as his manager got out......»»
Lufthansa to build 2nd hangar in Philippines
MANILA, March 14 (Xinhua) -- Germany's flag carrier Lufthansa is looking to build a second hangar in the Philippines, as part of its expansion plans in the Southeast Asia region, said Philippine Trade and Industry Secretary Alfredo Pascual on Thursday. Pascual said the plan was discussed during a meeting between Philippine President Ferdinand Romualdez Marcos and Lufthansa's managers in Berlin where Marcos was o.....»»
PVL or Spikers’ Turf? Rebisco managers hint third team coming
The Rebisco company – owner of uber-popular PVL teams Creamline and Choco Mucho – hint at a third team coming soon, albeit without clues on which league.....»»
BSP approves more changes to forex rules
The Bangko Sentral ng Pilipinas has approved more amendments to its regulations to further facilitate the access of authorized agent banks to foreign exchange resources and streamline documentary requirements, procedures as well as reporting......»»
Forex buffer hits 2-year high
The country’s dollar reserves rose to a 23-month high in March due to higher government deposits with the central bank and higher gold prices in the international market, according to the Bangko Sentral ng Pilipinas......»»
Forex buffer hits 2-year high
The country’s dollar reserves rose to a 23-month high in March due to higher government deposits with the central bank and higher gold prices in the international market, according to the Bangko Sentral ng Pilipinas......»»
BSP prodded to build up forex reserves
The Bangko Sentral ng Pilipinas should continue rebuilding its gross international reserves amid the wide current account deficit and heavy reliance on debt funding, according to Bank of America Global Research......»»
Eased forex rules to take effect this year
The Bangko Sentral ng Pilipinas is expected to release its final circular on eased foreign exchange rules this year to attract more foreign investments into the country, a Monetary Board member said yesterday......»»
BSP to further relax forex rules
The Bangko Sentral ng Pilipinas may further relax its rules and regulations governing foreign exchange transactions in a bid to attract more foreign investments into the country......»»
Xinhua world economic news summary at 0900 GMT, April 1
MANILA -- The Philippine government's budget deficit increased to 164.7 billion pesos (2.93 billion U.S. dollars) in February, the country's Bureau of the Treasury said Monday. "The wider budget gap stemmed from the 22.14 percent year-over-year increase in expenditures, matched with moderate revenue growth of 5.73 percent," the bureau said. With the February turnout, the bureau said the year-to-date fiscal balan.....»»
Recto sets sights on ‘more realistic’ targets
Nearly a month in office, the head of the government’s economic team is already looking at a review of growth and fiscal targets this year and over the medium term, noting that global developments should prompt for “more realistic” expectations......»»
Philippine government retains 6.5 to 7.5 pct GDP growth target for 2024
MANILA, Jan. 26 (Xinhua) -- National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan on Friday expressed optimism that the Philippine government will achieve a gross domestic product growth of 6.5 percent to 7.5 percent in 2024. "This growth will be supported by low and manageable inflation, a labor force with access to more and better jobs, a stronger fiscal position in the form of a lower.....»»