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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......»»
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......»»
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......»»
FILINVEST ends Q1 with P2.9B
FILINVEST ends Q1 with P2.9B.....»»
Figaro coffee ends 2023 with P480.38 million in net income
Figaro coffee ends 2023 with P480.38 million in net income.....»»
Marcos urges forming of ‘harmonious society’ as Ramadan ends
President Ferdinand Marcos Jr. called on Filipino Muslims to forge a society full of “love, service and compassion" as the holy month of Ramadan ends. .....»»
Moalboal ends Barili’s winning streak
Moalboal ends Barili’s winning streak.....»»
Bank of Japan ends negative interest rate policy
Bank of Japan ends negative interest rate policy.....»»
Gremlinz ends drought, rules MCBL Season 9
Gremlinz ends drought, rules MCBL Season 9.....»»
Treñas daughter to run for congressional seat in 2025; ends alliance with Rep. Baronda
Treñas daughter to run for congressional seat in 2025; ends alliance with Rep. Baronda.....»»
Ejercito upbeat of PBBM s nod of NIR law before 2024 ends
Ejercito upbeat of PBBM s nod of NIR law before 2024 ends.....»»
Blue Eagles lose another player as Gab Gomez leaves Ateneo
'It hurts to let you know that my journey as a Blue Eagle ends and I will be moving forward with my basketball journey,' says Gab Gomez as he ends his Ateneo stint.....»»
Sweden ends 200 years of neutrality
Sweden ends 200 years of neutrality.....»»
Sinner ends 10-time champion Novak Djokovic’s Australian Open streak, faces Medvedev for the title
Sinner ends 10-time champion Novak Djokovic’s Australian Open streak, faces Medvedev for the title.....»»
Military ends rescue search for Navy SEALs lost in maritime raid on ship with Iranian weapons
Military ends rescue search for Navy SEALs lost in maritime raid on ship with Iranian weapons.....»»
Hot weather in Cebu to continue despite low pressure disturbance
Hot weather in Cebu to continue despite low pressure disturbance.....»»