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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......»»
Philippines posts 1.2 bln USD surplus in March
MANILA, April 19 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a surplus of 1.2 billion U.S. dollars in March 2024, slightly lower than the 1.3-billion-dollar BOP surplus recorded a year ago, the country's central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) said the BOP surplus in March reflected inflows arising mainly from the national government's net foreign currency deposi.....»»
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......»»
Philippines dollar reserves slip to $102.67 billion
The country’s foreign exchange buffer slipped to $102.67 billion in February, the second straight month of decline, acccording to the Bangko Sentral ng Pilipinas......»»
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......»»
Dollar strength, Asian challenges
Recent robust US economic data (nonfarm payrolls, January CPI figures) have dashed hopes for a March rate cut by the Fed......»»
Metrobank raises record $1 billion from international bond market
Metropolitan Bank & Trust Co. has raised $1 billion as investors gobbled up its dual tranche offering of five and 10-year dollar-denominated notes as part of its return to the offshore debt market......»»
Global Cybercrime Treaty: A delicate balance between security and human rights
Cybercrime is a multi-trillion-dollar business. Drugs and weapons are being bought on the "dark web", fraudsters are fleecing members of the public in elaborate online scams, and terrorists are grooming supporters and recruiting fighters. Recognizing the growing dangers of cybercrime, the UNhas set.....»»
Dollar remittances hit record high
The strong finish in December due to the holiday season boosted dollars sent home by Filipinos abroad to reach an all-time high of $37.2 billion in 2023, the Bangko Sentral ng Pilipinas said......»»
Malawi Military s Threats Send Journalist into Hiding
A top investigative journalist in Malawi, Gregory Gondwe, has gone into hiding after the Malawi Defence Force (MDF) threatened to arrest him. Gondwe's plight stems from a report he wrote exposing the military's multi-million-dollar paymen.....»»
Why opening a US dollar account should be part of your New Year s resolutions
Still putting together your final list of New Year’s resolutions for 2024?.....»»
Basic Energy, Renova sign MOU for construction of 50MW Mabini Wind Energy Project
I reported last week on Basic Energy and its progress toward signing a memorandum of understanding with Renova Inc. to set the framework for signing an eventual Joint Development and Shareholders Agreement for the construction of the 50MW Mabini Wind Energy Project......»»
Basic Energy signs MOU for joint development of 50MW Batangas wind project
Basic Energy announced that its board authorized the signing of a memorandum of understanding with Renova Inc., a Japanese renewable energy company, to set the framework toward signing a definitive Joint Development Shareholders’ Agreement for the 50 megawatt Mabini Wind Energy Project......»»
Sky Cable to shut pay TV
Cable operator Sky Cable Corp. is ending its pay TV business toward the end of February, as it moves to become a dedicated connectivity provider as part of its merger with PLDT Inc......»»
Baguio City seeking to forge ties with China’s Chongzuo City
The cities of Baguio and Chongzuo in China have started talking toward forging twinning and sisterhood ties......»»
Ruru Madrid learns from action idols, rides high on ratings
Ruru Madrid further strengthens his foothold in the action genre with the GMA Primetime Telebabad show, “Black Rider.” It’s a follow-up to the action and adventure-filled “Lolong,” with the drama-fantasy “The Write One” as, in a way, a breather from the genre and a reminder of his versatility......»»
Landbank opens digital savings account for OFWs
State-run Land Bank of the Philippines (Landbank) has introduced a digital savings account to push overseas Filipino workers (OFWs) toward financial independence......»»
SSS to boost REIT investments
State-run Social Security System is ramping up its investments in real estate investment trusts as market conditions improve amid expectation of policy easing toward the end of the year......»»
PEPOA wants Meralco franchise renewed
“Meralco has shown a strong dedication to social responsibility and universal service by making substantial progress toward the goal of 100 percent household electrification.”.....»»
UN body urges PH to pass SOGIESC bill
MANILA, Philippines — In celebration of Pride Month this June, the United Nations Population Fund (UNFPA) urged Congress to pass the antidiscrimination bill, seen as a crucial step toward a more inclusive Philippines “For the United Nations Population Fund , Pride Month is a call to action. It’s a time to amplify our commitment to ensuring.....»»