PH dollar reserves drop to $74.77B in October

Inquirer.net 11/07/2018

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…

BSP: Dollar remittances easing

Inquirer.net 10/15/2018

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…

BSP eases dollar hedging rules amid persistent peso weakness

Inquirer.net 10/03/2018

  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…

Dollar for a tooth

FR. FRANCIS ONGKINGCO 06/29/2018

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.…

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