‘Strong’ peso, weak economy

Cielito F. Habito - @inquirerdotnet 09/22/2020

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…

Strong peso foreshadows bad economic news, says ING economist

Daxim L. Lucas - Reporter / @daxinq 09/21/2020

MANILA, Philippines — The strong peso may be a portent of bad economic news because it is being caused primarily by a steep drop in imports that were needed for the Philippines to maintain its growth trajectory, according…

Teachers in Tisa create FB page for co-worker suffering from breast cancer

Immae Lachica 09/05/2020

CEBU CITY, Philippines— Every peso counts. This is the online plea of the friends and family of public school teacher Marife Cedron,42, who is suffering from stage four breast cancer. Cedron has been suffering from breast cancer…

Cebu City DMDP wins National Best Public Employment Service Office

Irene R. Sino Cruz 10/10/2019

CEBU CITY—The Cebu City Department of Manpower Development and Placement (DMDP) has been adjudged as this year’s National Best Public Employment Service Office (PESO). According to a press statement from the Department of Labor and Employment in…

Bathan: Mandaue PESO to assist displaced Big Hotel workers

Rosalie O. Abatayo 03/10/2019

CEBU CITY, Phillippines—Amid Big Hotel’s announcement to close down in the next three months, the Mandaue city government assured that it would assist the about 300 hotel employees who might be rendered jobless by the shutdown. Lawyer…

Dole-7 urges LGUs’ Peso to help identify skilled workers in their areas

Irene R. Sino Cruz 02/15/2019

CEBU CITY—The Department of Labor and Employment and Employment (Dole-7) urges the Public Employment Service Office (Peso) in various local government units (LGUs) to help address the lack of skilled workers by identifying the available manpower base…

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…

Low export sales despite weak peso worries Philexport exec

Jose Santino S. Bunachita 09/27/2018

Amid a continuing depreciation of the peso versus the dollar, the local exporting industry is supposedly seen to benefit. However, local business leaders have noted that despite the opportunity for exporting to flourish with the depreciation of…

DOLE-7 offers emergency employment assistance to Naga landslide survivors

Jessa Sotto 09/27/2018

The Department of Labor and Employment in Central Visayas (DOLE-7) is offering emergency employment to families affected by the landslide in Naga City, Cebu. DOLE-7 Director Johnson Cañete said they will conduct profiling of landslide victims and…

Cebu biz leaders to gov’t: Address weakening peso

Delta Dyrecka Letigio USJ-R Journalism Intern 09/20/2018

The government should address the weakening peso which has dropped past P54 against the US dollar level and has affected businesses in the country including that of Cebu. Antonio Chiu, Cebu Chamber of Commerce and Industry (CCCI)…

Peso slides to 13-year low — the biggest drop in the region

Inquirer.net 09/06/2018

The peso dropped anew to its lowest level in almost 13 years as investors fled to dollar assets, spooked by the country’s record high inflation for August and aggravated by a broad emerging markets selldown around the…

Peso 2nd worst Asian currency as of June ’18

Inquirer.net 07/01/2018

The Philippine peso was the second worst performing currency among emerging economies in the region during the first half, but the Department of Finance (DOF) said on Friday that sound macro fundamentals would rein in the exchange…

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