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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…
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…
The peso fell to its weakest level in 12 years on Wednesday as traders digested dovish statements of Bangko Sentral ng Pilipinas officials that made financial markets uncertain about another interest rate hike next week to help…
OPERATORS of peso net businesses in Lapu-Lapu City are encouraged to convert these into an internet cafe business. Mayor Paz Radaza made this call on Tuesday as she promised to close peso net businesses in the city…
THE Bangko Sentral ng Pilipinas on Monday said it expects inflation in October within the range of 3.2–3.7 percent to possibly hit an almost three-year high. Citing the projection of its Department of Economic Research, the BSP…
THE peso on Wednesday slid to a fresh 11-year low of 51.77:$1 mainly on global market uncertainties over who United States President Donald Trump will appoint as head of the influential US Federal Reserve. Wednesday’s close was…
INTERNATIONALLY-trained physician Dr. Shahana Pearl Uy has embarked on a multimillion-peso aesthetic clinic as she expressed confidence on the growing prospects of the beauty business in Cebu. Uy, the person behind Pearl Medical Aesthetic + Laser Center,…
THE peso on Thursday returned to the 50:$1 level, closing at 50.93:$1 from 51.095:$1 last Wednesday. The last time that the peso closed at 50:$1 was on Aug. 10, at 50.795:$1. “The greenback was generally weaker today…
Exec expects export sales to increase in coming months While the further depreciation of the Philippine peso against the US dollar seems to paint a generally grim picture, a local business leader cited the “positive” side of…
ANZ: PH peso to remain worst performing currency in region until year’s end The peso on Monday shed 10 centavos to finally breach the 51:$1 level and close at 51.08:$1. It was a fresh almost 11-year low…
AS the peso slid to almost 11-year lows in June, the national government’s outstanding debt inched up to a record high P6.417 trillion at the end of the first six months of 2017. The latest Bureau of…
MANILA — The peso on Wednesday weakened against the US dollar and touched the 50:$1 level partly due to investor concerns following the declaration of martial law in Mindanao after terrorists attacked Marawi City. At the Philippine…
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