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…
DOLLARS sent home by expatriate Filipinos continued to exhibit relatively muted growth for the month of first ten months of the year and for October alone, compared to levels recorded during the same periods last year, data…
THE dollars continued to flow out of the Philippine economy as the final quarter of the year began, albeit at a more measured pace in October, as the country continued to spend more hard currency than it…
The Philippines’ dollar reserves fell to an over seven-year low of $74.77 billion as of October after the government settled more foreign exchange obligations, the Bangko Sentral ng Pilipinas (BSP) said Wednesday. The country’s gross international reserves…
JAN-AUG 2018 The amount of dollars sent home by expatriate Filipinos rose further in the first eight months of the year, but data from the Bangko Sentral ng Pilipinas (BSP) also showed a worrisome trend of tapering…
BANK regulators have finalized the relaxed rules for its dollar hedging facility meant to encourage more financial institutions to use it and consequently ease the selling pressure on the peso. In a press statement, the Bangko…
Aclose friend shared a story about her son. When he lost his front tooth, they told him that he could keep it under his pillow. “Why?” “So the tooth fairy can come and get it,” they explained.…
