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BSP’s ample dollar reserves to keep peso at bay – Nomura
The Bangko Sentral ng Pilipinas is one of the central banks in the region that has enough dollar buffers to defend its currency against the greenback, according to Japanese investment bank Nomura......»»
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.....»»
‘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......»»
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......»»
Qatar, a key mediator in sensitive Israel-Hamas talks, lashes out at Netanyahu over critical remarks
Qatar, a key mediator in sensitive Israel-Hamas talks, lashes out at Netanyahu over critical remarks.....»»
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......»»
‘Investment spending rebounds in 2023 4Q, driving GDP growth’
‘Investment spending rebounds in 2023 4Q, driving GDP growth’.....»»
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......»»
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......»»
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......»»
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.....»»
The trillion-dollar club
Could we really join the trillion-dollar club, along with the big boys, including Canada or Italy or Brazil?.....»»
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......»»
InLife offers Dollar Secure 7
InLife offers Dollar Secure 7.....»»
Former PACC chief supports Cha-cha through convention
Former Presidential Anti-Corruption Commission (PACC) chair Greco Belgica supports the proposal of Sen. Robinhood Padilla to amend the 1987 Constitution through a constitutional convention (con-con)......»»
US supports expansion of responsible seafood sourcing in Iloilo
US supports expansion of responsible seafood sourcing in Iloilo.....»»
Uswag scholarship supports Ilonggos’ future
Uswag scholarship supports Ilonggos’ future.....»»
DOST supports researchers with P500K funding program
DOST supports researchers with P500K funding program.....»»
Ex-president Duterte now supports Charter change
Ex-president Duterte now supports Charter change.....»»
ULAP supports Cha-Cha
The Union of Local Authorities of the Philippines (ULAP), umbrella organization of all leagues of local government units (LGUs) and locally elected government officials in the country, supports the move to amend the 1987 Constitution. In a recent resolution, ULAP cited the need for more responsive, accountable, and updated governmental frameworks that would enable LGUs […].....»»