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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.....»»
The skidding peso again?
The peso is skidding again and no one is paying attention anymore......»»
‘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......»»
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......»»
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......»»
Despite low wages, Pandi-based ‘maninipit’ mothers try to augment family income
Assembling clothespins is among the many jobs women do in the occupied houses in Pandi, Bulacan. The mothers mentioned other low-income jobs like garlic peeling, rug making and notebook sewing. The post Despite low wages, Pandi-based ‘maninipit’ mothers try to augment family income appeared first on Bulatlat......»»
BSP onboards 1st nonbank electronic money issuer
The Bangko Sentral ng Pilipinas (BSP) achieved a significant milestone by welcoming OmniPay, Inc. as the first nonbank electronic money issuer (EMI) participant in its Real Time Gross Settlement (RTGS) payment system, PhilPaSSplus. This move aligns with the National Payment Systems Act and signifies a more inclusive national payment system, allowing nonbank financial institutions to conduct efficient and low-risk funds transfers directly through the central bank. Assistant Governor Mary Anne P. Lim emphasized the BSP's commitment to safeguarding the entire Peso RTGS payment system amidst global trends of diversified participation. With 236 institutions, including various banks and nonbank entities, utilizing PhilPaSSplus for large value transactions and retail payment clearing, the BSP's initiative reflects a broader trend of central banks facilitating direct access for nonbank entities to settlement services. This development comes as international standard-setting bodies work on access guidelines to manage risks in evolving payment systems with new players and financial technologies......»»
8 ‘auspicious’ Chinese New Year food
To welcome the new year and to attract the good luck that it would bring, the Chinese have included in their annual tradition the serving of “auspicious” food every Chinese New Year, which falls on February 10 this 2024......»»
Tumalog Falls gisirad-an
Tumalog Falls gisirad-an.....»»
Negros Oriental’s most wanted falls at NAIA
Negros Oriental’s most wanted falls at NAIA.....»»
Korean national falls to death from hotel in Barangay Mactan
Korean national falls to death from hotel in Barangay Mactan.....»»
Yen hits 34-year low
Last week, the Japanese yen hit a 34-year low of 151.97......»»
Globe sets 2024 capex at P55 billion, a 5-year low
Mobile giant Globe Telecom Inc. is bringing down its capital expenditures to a five-year low of P55 billion in 2024, as the telco works on attaining a certain cost efficiency for financial health......»»
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......»»
Amid low egg production, Bantayan suffers from ‘oversupply’
Amid low egg production, Bantayan suffers from ‘oversupply’.....»»
Hot weather in Cebu to continue despite low pressure disturbance
Hot weather in Cebu to continue despite low pressure disturbance.....»»
Serial blunders & low on dough
The National Food Authority or NFA may have enough money to cover pre-funded expenses, but an insider claims they don’t have enough cash to cover salaries and operating expenses. They are, figuratively speaking, low on “dough.”.....»»
Serial blunders & low on dough
The National Food Authority or NFA may have enough money to cover pre-funded expenses, but an insider claims they don’t have enough cash to cover salaries and operating expenses. They are, figuratively speaking, low on “dough.”.....»»
Serial blunders & low on dough
The National Food Authority or NFA may have enough money to cover pre-funded expenses, but an insider claims they don’t have enough cash to cover salaries and operating expenses. They are, figuratively speaking, low on “dough.”.....»»
DOH: Anthrax risk very low for most Filipinos
The chance of getting infected with anthrax is "very low" for most people, the Department of Health said after cases of the infectious disease were reported in other countries. .....»»