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MANILA, Philippines — Remittances experienced slower growth in January as the typical surge in cash transfers during the holiday season subsided. Data from the Bangko Sentral ng Pilipinas (BSP) revealed that cash remittances coursed through banks increased…
Remittances or money sent home by Filipinos working abroad dropped to a six-month low in November 2024, as the weak peso helped them save on transfer costs. According to the Bangko Sentral ng Pilipinas (BSP), cash remittances…
The Philippine peso on Thursday, Nov. 21, plummeted to a record-low of 59 to a dollar, a level not seen in over two years, as the strong dollar, bolstered by the US presidential elections, continued to impact…
MANILA, Philippines — The Philippine peso dropped on Wednesday close to a few centavos away from a record level of 59. It is, however, its lowest level in over two years as the Philippine peso was overpowered…
A peso depreciation to record-low 59:$1 “looks likely” as the currency continued to be overpowered by a rallying dollar, although a deeper fall beyond that level is unlikely as the Bangko Sentral ng Pilipinas (BSP) stands ready…
Overseas Filipinos’ remittances grew by 3.2 percent in September, matching August’s growth and marking the second-fastest rate this year. According to the Bangko Sentral ng Pilipinas (BSP), remittances reached $3.34 billion, up from $3.23 billion in September…
File photo The Philippine peso bounced back to the 55-level against the weaker US dollar on Friday, marking its strongest close in nearly six months. This comes as new data supported the early easing by the Bangko…
MANILA, Philippines — The Philippine peso dropped to a 20-month low at the end of a turbulent trading week, following a regional decline as the stronger US dollar impacted emerging market currencies. The peso closed at 58.8…
MANILA — The Philippine peso touched the 58-per-dollar level for the first time in almost two years during the morning trade on Tuesday. As of 9:47 a.m., the local currency’s weakest showing stood at 58 against the…
MANILA -The Philippine peso has yet again breached the 56:$1 threshold, losing 28 centavos to close at 56:07:$1 on May 15 ahead of a Monetary Board policy meeting on May 18 that many analysts believe would show…
Reports describe the Philippine peso as the “best performing” currency in Asia this year so far, having appreciated against the US dollar by 4.3 percent since the year started, thereby “outperforming its regional peers.” I have a…
MANILA, Philippines – Net dollar inflows into the Philippine economy surged to their highest level in almost six years due to a trifecta of substantial remittances from overseas Filipino workers, and a surge of both short- and…
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