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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

BSP seen defending peso at below 58:$1

The peso has been a “clear laggard” among Asian currencies against the dollar recently, which may prompt the Bangko Sentral ng Pilipinas (BSP) to defend the local unit and keep it below the 58 to $1 level, according to British banking giant HSBC.....»»

Category: financeSource:  philstarRelated News12 hr. 44 min. ago

‘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......»»

Category: financeSource:  philstarRelated NewsApr 26th, 2024

Heat wave in Southeast Asia closes schools, triggers health alerts

Heat wave in Southeast Asia closes schools, triggers health alerts Reuters.....»»

Category: newsSource:  manilanewsRelated NewsMay 3rd, 2024

Cebu City OBO temporarily closes condo unit after child’s fatal fall

Cebu City OBO temporarily closes condo unit after child’s fatal fall.....»»

Category: newsSource:  sunstarRelated NewsApr 11th, 2024

Davraa Meet 2024 closes on a high note in Davao City

Davraa Meet 2024 closes on a high note in Davao City.....»»

Category: newsSource:  sunstarRelated NewsApr 11th, 2024

Misamis Oriental s pilgrimage site closes for tourism upgrade

Misamis Oriental s pilgrimage site closes for tourism upgrade.....»»

Category: newsSource:  sunstarRelated NewsMar 15th, 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

Why the dollar is still strong

Despite the ongoing wars in Ukraine and Gaza, Fitch’s credit rating downgrade of the US, the lowering of the US credit rating outlook to negative by Moody’s and a growing US debt burden, the US dollar has regained its strength......»»

Category: lifestyleSource:  abscbnRelated NewsApr 7th, 2024

Why the dollar is still strong

Despite the ongoing wars in Ukraine and Gaza, Fitch’s credit rating downgrade of the US, the lowering of the US credit rating outlook to negative by Moody’s and a growing US debt burden, the US dollar has regained its strength......»»

Category: lifestyleSource:  abscbnRelated NewsApr 7th, 2024

Philippines posts 196 mln USD deficit in February

MANILA, March 19 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a 196-million-U.S. dollar deficit in February, significantly lower from the 895-million-dollar BOP deficit recorded a year ago, the country's central bank said on Tuesday. The Bangko Sentral ng Pilipinas (BSP) said the BOP deficit in February reflected outflows arising mainly from the national government's foreign currency deb.....»»

Category: newsSource:  manilanewsRelated NewsMar 21st, 2024

The trillion-dollar club

Could we really join the trillion-dollar club, along with the big boys, including Canada or Italy or Brazil?.....»»

Category: newsSource:  philstarRelated NewsMar 21st, 2024

BPI readies issuance of dollar bonds

The Bank of the Philippine Islands is close to issuing its dollar-denominated bond sale, as it has started a series of fixed income investor meetings......»»

Category: financeSource:  philstarRelated NewsMar 18th, 2024

Philippines returns to international dollar bond market

The Philippines has returned to the international bond market via a dual-tranche US dollar-denominated bond offering, seeking financial support for the state’s budgetary needs......»»

Category: financeSource:  philstarRelated NewsMay 8th, 2024

InLife offers Dollar Secure 7

InLife offers Dollar Secure 7.....»»

Category: newsSource:  sunstarRelated NewsFeb 9th, 2024

DBM releases P49.8 billion social pension for indigent seniors

The Department of Budget and Management has released nearly P50 billion in social pension for more than four million senior citizens in the country......»»

Category: newsSource:  philstarRelated NewsApr 5th, 2024

Lotto results for March 22, 2024

EZ2/LVM - 29 6 SUERTRES - 7 9 6 6D Lotto - 4 9 5 3 6/45 Lotto - 40 18 35 44 1 23 P8,910,000.00 6/58 Ultra Lotto - 13 5 47 49 8 54 P49,500,000.00.....»»

Category: newsSource:  philstarRelated NewsMar 22nd, 2024

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......»»

Category: financeSource:  philstarRelated NewsMar 20th, 2024

The skidding peso again?

The peso is skidding again and no one is paying attention anymore......»»

Category: financeSource:  philstarRelated NewsMay 13th, 2024

European markets plunge on new virus strain

European stocks, oil prices, and the pound slumped Monday as a highly infectious strain of coronavirus in Britain had traders seeking shelter.Sterling lost 1.3 percent against the dollar, with the pound also still being hit as a post-Brexit trade deal between Britain and the EU remained out of reach.The euro gained 1.0 percent against the […].....»»

Category: newsSource:  balitaRelated NewsApr 9th, 2024