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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......»»
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......»»
Infrastructure spending hits lowest level in November
Government spending for infrastructure dropped to a year-low in November last year even after state agencies were ordered to catch up on their expenses to boost economic growth......»»
Drag artist arrested anew over ‘Jesus’ act
Drag performer Pura Luka Vega was arrested anew on Thursday for performing as Jesus to the Catholic hymn “Our Father” in a bar last year......»»
Amid low egg production, Bantayan suffers from ‘oversupply’
Amid low egg production, Bantayan suffers from ‘oversupply’.....»»
Strong solar storm hits Earth, could disrupt communications and produce northern lights in US
Strong solar storm hits Earth, could disrupt communications and produce northern lights in US.....»»
After Chocolate Hills, another grass fire hits Bohol
After Chocolate Hills, another grass fire hits Bohol.....»»
Philippine National Bank s Q1 2024 net income hits P5.3 billion
Philippine National Bank s Q1 2024 net income hits P5.3 billion.....»»
WATCH: Jinky Vidal opens National Heritage Month with OPM hits
At her tour's recent stop in Hard Rock Cafe Manila, Jinky performed classic hits, including Original Pilipino Music (OPM)......»»
Conan Gray s Found Heaven Tour hits Manila - manilastandard.net
Conan Gray's 'Found Heaven Tour' hits Manila manilastandard.net.....»»
Philippines swelters in scorching heat as mercury hits record high in Manila
Philippines swelters in scorching heat as mercury hits record high in Manila Arab News.....»»
So hot you can t breathe - Extreme heat hits the Philippines
'So hot you can't breathe': Extreme heat hits the Philippines The Japan Times.....»»
Globe hits SIMs engaged in spam and scam SMS
Globe hits SIMs engaged in spam and scam SMS.....»»
Cebu hits record high heat index of 39°C
Cebu hits record high heat index of 39°C.....»»