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Dollar remittances hit record high

The strong finish in December due to the holiday season boosted dollars sent home by Filipinos abroad to reach an all-time high of $37.2 billion in 2023, the Bangko Sentral ng Pilipinas said......»»

Category: financeSource:  philstarRelated NewsFeb 15th, 2024

Russia s trade with key BRICS partners now almost dollar-free

95% of the country's transactions with India and China were conducted in local currencies last year National currencies were used in 95% of Russia's trade with China and India last year, the secretary general of the International Chamber of Commerce (ICC), Tatiana Monaghan, revealed on Monday.   According.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 13th, 2024

Malawi Military s Threats Send Journalist into Hiding

A top investigative journalist in Malawi, Gregory Gondwe, has gone into hiding after the Malawi Defence Force (MDF) threatened to arrest him. Gondwe's plight stems from a report he wrote exposing the military's multi-million-dollar paymen.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 3rd, 2024

Why opening a US dollar account should be part of your New Year s resolutions

Still putting together your final list of New Year’s resolutions for 2024?.....»»

Category: newsSource:  philstarRelated NewsJan 15th, 2024

Inflation likely stayed elevated in May – BSP

Driven by more expensive power rates and a weaker peso, inflation may have accelerated within the 3.7 to 4.5 percent range in May, possibly breaching the two to four percent target for the first time in six months, according to the Bangko Sentral ng Pilipinas (BSP)......»»

Category: financeSource:  philstarRelated NewsMay 31st, 2024

Stocks end with second straight loss

The stock market closed lower for a second day as investors remained cautious due to the weakening of the peso......»»

Category: financeSource:  philstarRelated NewsMay 23rd, 2024

Peso Weakens to P58.27 Against US Dollar, Weakest Since November 2022

The peso continued to weaken to PHP58.27 against the US Dollar last Tuesday, May 22, 2024 — the lowest since November 2022. Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said in a statement that the depreciation is in line with other currencies in the region, mainly due to the strengthening of the US […].....»»

Category: newsSource:  metrocebuRelated NewsMay 23rd, 2024

Peso slide pulls down market

The peso’s slide pulled down share prices yesterday following a strong opening at the start of the week......»»

Category: financeSource:  philstarRelated NewsMay 21st, 2024

Treasury sells P22.7 billion T-bonds on partial award

The government managed to raise P22.7 billion in a fresh issuance of long-term securities as rates picked up after the peso slid to an almost two-year low......»»

Category: financeSource:  philstarRelated NewsMay 21st, 2024

Analysts mixed on timing of BSP rate cut

Local and foreign analysts are divided on whether the Bangko Sentral ng Pilipinas (BSP) has room to cut ahead of the US Federal Reserve, as doing so may put pressure on the peso......»»

Category: financeSource:  philstarRelated NewsMay 19th, 2024

Moody’s: BSP rate cut could start in August

The Bangko Sentral ng Pilipinas could cut borrowing costs by 25 basis points as early as August, and another 25 bps in the fourth quarter, if inflation and the peso stabilize in the second half of the year, Moody’s Analytics said......»»

Category: financeSource:  philstarRelated NewsMay 13th, 2024

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......»»

Category: financeSource:  philstarRelated NewsMay 12th, 2024

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 […].....»»

Category: newsSource:  metrocebuRelated NewsApr 30th, 2024

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.....»»

Category: newsSource:  inquirerRelated NewsApr 28th, 2024

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.....»»

Category: newsSource:  manilanewsRelated NewsApr 25th, 2024

A stable peso& food security

The past few weeks have been understandably dominated by the standoff between the Philippines and China in the West Philippine Sea......»»

Category: newsSource:  philstarRelated NewsApr 24th, 2024

P13.3 billion single biggest drug bust is peanuts

Police love to trumpet multibillion-peso drug busts. Example was last week’s P13.3-billion interdiction of shabu at a checkpoint in Batangas......»»

Category: newsSource:  philstarRelated NewsApr 23rd, 2024

Boy Tapang binalaan ng BSP dahil sa saranggolang gawa sa P1K bill: Sorry po

PERSONAL na binalaan ng mga kinatawan ng Bangko Sentral ng Pilipinas (BSP) ang YouTuber na si “Boy Tapang” sa kanyang bahay kamakailan. Nag-viral kasi sa social media ang pagpapalipad ng content creator ng saranggola na gawa sa P1,000 peso bills. Mismong si Boy Tapang ang nag-post ng isang video sa kanyang socmed account para ipaalam.....»»

Category: newsSource:  inquirerRelated NewsApr 16th, 2024

Officials seek inclusion of Boracay in peso bills

The Municipal Council of Malay, Aklan will come up with a resolution requesting the Bangko Sentral ng Pilipinas (BSP) to include the picture of Boracay Island in the new bank notes it is producing......»»

Category: newsSource:  thenewstodayRelated NewsApr 10th, 2024

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......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024