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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......»»
Heartbreaker: 30-year pro Somaa crushes Strong Group title push off buzzer-beater 3
Strong Group-Philippines painfully falls short of its championship bid in Dubai as Al Riyadi-Lebanon sinks a game-winning three right at the buzzer.....»»
Balik-Tanaw | Remain faithful in Jesus
I have been away from everything familiar to me for the last seven weeks living in Antigua, Guatemala. I am learning Spanish at a language school and living with a Guatemalan family. Like a child, I am trying to learn the basics of this language. It is humbling to be told so many times that I am not getting it right and that I have to exert more effort. Walking the streets of this old Guatemalan city was a joy in the beginning but after some time reality sinks in that I am far from home. Familiar it may be after so many weeks, there is that lonely thought that I am alone and away from home. The post Balik-Tanaw | Remain faithful in Jesus appeared first on Bulatlat......»»
14 rescued as boat sinks off Quezon
Fourteen people were rescued when their boat capsized in the waters off Burdeos, Quezon on Saturday night......»»
Iran election: turnout sinks to record low as polls close – The Daily Guardian
The recent parliamentary elections in Iran have sparked controversy and raised concerns about the legitimacy of the results, as the country saw a record low.....»»
Max Strus sinks half-court buzzer-beater as Cavs down Mavs
Los Angeles, United States—Max Strus drained an astonishing 58-foot buzzer-beater as the Cleveland Cavaliers conjured a stunning late fightback to sink the Dallas Mavericks 121-119 on Tuesday. In a remarkable finale in Cleveland, Strus unleashed a mammoth heave from inside his own half to snatch victory from Dallas, who had grabbed a 119-118 lead with just.....»»
2 missing as boat sinks off Batangas
Two fishermen were reported missing after their motorized banca capsized in the waters off Tingloy town in this province on Monday......»»
Motor banca sinks during fluvial procession
CEBU CITY, Philippines — A motor banca reportedly sank while joining the Fluvial Procession for the 459th Fiesta Señor on Saturday, January 20. A spectator during Saturday’s fluvial procession captured on video the moment seawaters entered a motor banca, which was adorned with the fiesta’s gold and red buntings, while sailing within the vicinity of.....»»
Carlos Alcaraz hits stride, sinks gutsy Richard Gasquet at Australian Open
Young tennis star Carlos Alcaraz starts his 2024 Australian Open campaign on a high note, beating seasoned veteran Richard Gasquet.....»»
Tax credit scam: 5 ex-DOF execs get 8 years
The Sandiganbayan has affirmed the conviction of five former officials of the Department of Finance for graft over the multibillion-peso tax credit scam in the 1990s......»»
Bank of Commerce raises P6.57 billion from bond offering
San Miguel-led Bank of Commerce has raised P6.57 billion in its second foray into the domestic debt market, as institutional and retail investors swarmed its peso bond offering......»»
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......»»
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......»»
Gov’t debt stock rose to P14.79 trillion as of Jan
MANILA, Philippines — The government’s outstanding debt rose in January due to a weak peso and after the Marcos administration borrowed more from local creditors than what it paid for its maturing liabilities, the Bureau of the Treasury (BTr) reported Friday. Data showed state obligations increased 1.9 percent month-on-month to P14.79 trillion as of January. ALSO READ:.....»»
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......»»
PH Inflation Expected to Range Between 3.5% to 4.3% in April: BSP
Bangko Sentral ng Pilipinas (BSP) announced on Tuesday that the inflation rate could be at 3.5% to 4.3%. BSP said in a Facebook post that this upward trend is caused by the increasing prices of essential goods and gasoline prices, as well as the depreciation of the peso. “The BSP projects April 2024 inflation to […].....»»
Fuel price rollback expected this week
MANILA, Philippines — Good news awaits motorists following successive price increases in gasoline as oil companies are tipped to slash local fuel prices by less than a peso this coming week, according to industry sources. In an advisory over the weekend, Unioil said the price of diesel should go down by 30 centavos to 40.....»»
Over 2 mln foreign tourists arrive in Philippines since January
MANILA, April 25 (Xinhua) -- Over 2 million international tourists have visited the Philippines since January this year, the Presidential Communications Office (PCO) said Thursday. Citing data from the Department of Tourism (DOT), the PCO said that 2,010,522 international visitors entered the Southeast Asian country from Jan. 1 to April 24. The data showed that tourism receipts reached 157.62 billion peso.....»»