Peso loses value as inflation accelerates — PSA
The purchasing power of the Philippine peso has declined sharply over the past eight years, with P1 in 2018 now equivalent to just 75 centavos today, according…
· 1 MIN READ
Daily TribuneTopic
The purchasing power of the Philippine peso has declined sharply over the past eight years, with P1 in 2018 now equivalent to just 75 centavos today, according…
· 1 MIN READ
Gross internal reserves dropped to $107.5 billion as of end-March, from February’s $112.7 billion record high. Still, the BSP said, ‘this level provides an…
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Trading activity was robust with all sectors finishing in positive territory even as the local currency made a strong rebound, sharply appreciating to P59.43…
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The Philippine Stock Exchange index (PSEi) closed Monday at 5,948.33, down 0.84 percent, as the market reopened from the Holy Week break to weaker sentiment…
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Rice and corn posted higher inventories compared to last year, signaling improved supply buffers, although stock levels declined from the previous month,…
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‘This is not what we want (the government intervening with peso slide against the US dollar). This is truly having an impact, and the weakening of the peso…
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The Bangko Sentral ng Pilipinas (BSP) expects inflation to rise within a range of 3.1 percent to 3.9 percent as the country braces for the first round of…
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Senators on Tuesday warned of a looming agricultural crisis as the persistent surge in fuel prices driven by the Middle East conflict is pushing up fertilizer…
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President Ferdinand Marcos Jr. said he will issue an executive order imposing a ₱50-per-kilo price cap on imported well-milled rice.
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Malacañang on Tuesday said the government has limited control over the peso’s continued weakening against the US dollar, citing the ongoing conflict in the…
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The peso has slumped to a new record low on Monday, closing at 60.69 against the US dollar, as rising oil imports and escalating geopolitical tensions…
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The benchmark Philippine Stock Exchange index (PSEi) closed Monday at 5,869.49, down 1.73 percent, as the local market began Holy Week trading on a negative…
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'This is more than just a source of income. It gives our communities pride and ensures that our traditions continue for future generations.'
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Farmers are now earning more from their harvests as government-backed rice processing hubs allow them to mill and sell rice directly, cutting reliance on…
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Senator Imee Marcos on Sunday questioned the continued use of imported rice in the government’s benteng bigas program, despite the ongoing harvest season and…
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The Philippine peso sank to a new record low of P60.55 per US dollar on Friday afternoon as the crisis in the Middle East continued to weigh on the currency…
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Meanwhile, the peso hovered near record lows, weakening to P60.23 from P60.10 previously against the dollar, reflecting a renewed shift toward risk aversion in…
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The market rebounded on bargain hunting after 2 consecutive days of decline while the peso appreciated to P59.95 from yesterday’s P60.30 close, moving back…
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