Shares down, peso weakens ahead of FOMC, BSP meeting

Anna Leah Gonzales - Philippine News Agency 12/19/2024

MANILA, Philippines — Local shares declined while the peso weakened Wednesday, ahead of the Federal Open Market Committee (FOMC) and the Bangko Sentral ng Pilipinas (BSP) Monetary Board meetings. The Philippine Stock Exchange index (PSEi) fell by…

Peso plummets to record-low 59 a Dollar

Ian Cigaral 11/21/2024

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…

Peso surges to 6-month high at 55.9 as dollar weakens

Ian Nicolas P. Cigaral - @inquirerdotnet 09/07/2024

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…

Think tank: Peso could rally to 56:$1 by year-end

Ian Nicolas P. Cigaral 07/19/2024

The Philippine peso is expected to strengthen to 57 per US dollar in the third quarter as the US economy shows signs of slowing down. According to a quarterly forecast by London-based Capital Economics, the peso may…

Peso slides to 58 to $1 for first time in almost 2 years

Ian Nicolas P. Cigaral 05/21/2024

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…

Inflation rate in Cebu: Your P1 is now worth 83 centavos

Niña Mae C. Oliverio 04/18/2024

CEBU CITY, Philippines — As the inflation rate in Cebu continues to soar, Cebuanos also continue to struggle with the increasing prices of goods and commodities. During the data dissemination for inflation on Wednesday, April 17, a…

13 displaced workers get aid from Lapu-Lapu City gov’t

Futch Anthony Inso 02/28/2024

LAPU-LAPU CITY, Cebu – The Lapu-Lapu City Government through its Public Employment Service Office (PESO) has extended help to at least 13 garment factory workers who were recently displaced from their work. According to Kim Francisco, PESO…

Job Fair: 1,150 job vacancies offered in Lapu Fiesta Job Fair

Futch Anthony Inso 11/08/2023

LAPU-LAPU CITY, Cebu – Around 50 applicants were hired on the spot (HOTs) during the Lapu-Lapu City Fiesta Job Fair held at The Outlet in Barangay Basak, Lapu-Lapu City on November 8, 2023. The activity was led…

MEPZ retrenchment alarms Lapu-Lapu City official

Futch Anthony Inso 07/28/2023

CEBU CITY, Philippines – The retrenchment of workers at the Mactan Export Processing Zone (MEPZ) will be tackled by a Lapu-Lapu City councilor with concerned agencies. Councilor Annabeth Cuizon said she is planning to meet with the…

PESO Congress in CV seeks to improve skills of region’s Public Employment Office Service chiefs 

Futch Anthony Inso 06/21/2023

LAPU-LAPU CITY, Philippines — The upcoming PESO Congress in Central Visayas seeks to improve skills of hundreds of Public Service Employment Service (PESO) managers in the region. Kim Francisco, head of PESO Lapu-Lapu City, said that the…

Lapu-Lapu job fair offers more than 4k job vacancies

Futch Anthony Inso 06/20/2023

LAPU-LAPU CITY, Philippines — The Lapu-Lapu City Government, through its Public Employment Service Office (PESO), is urging jobseekers to participate in the job fair on June 23 at LG Garden Walk Mactan. Kim Francisco, the head of…

Peso back yet again past 56:$1 level

Ronnel Domingo 05/15/2023

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…

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