Peso faces further pressure as Gulf tensions persist
The local currency has hit record lows 12 times since the escalation of the Middle East conflict at the beginning of March. Before tensions intensified, the…
· 3 MIN READ
Daily TribuneTopic
The local currency has hit record lows 12 times since the escalation of the Middle East conflict at the beginning of March. Before tensions intensified, the…
· 3 MIN READ
The broader economic downturn the Philippines is currently experiencing may trigger spillover effects in the real estate market, according to property…
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The peso weakened 3 centavos or 0.05 percent to P61.815 per US dollar on Wednesday, briefly touching a new record intraday high of P61.995 as investors reacted…
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The Philippine Stock Exchange Index (PSEi) slipped 18.31 points, or 0.30 percent, to close at 6,135.35 on Friday, while the peso weakened to P60.775 per US…
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‘We expect the BSP to hike the policy rate by 50 bps to 5.0 percent from 4.5 percent, as elevated inflation remains the key policy concern despite softer…
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Philippine conglomerates face roughly P1.6 trillion — about $26 billion — in debt obligations maturing between 2027 and 2029.
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‘The slower inflation print reduces the urgency for an off-cycle rate hike in the near term. However, a substantial increase in the policy rate at the next…
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The National Government’s outstanding debt edged lower to P18.47 trillion as of end-April, marking its first monthly decline this year and snapping a six-month…
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Maharlika Investment Corp. (MIC) independent director Stephen Cu-Unjieng has come to the defense of Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr.…
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The local currency slid to another record low against the US dollar on Thursday even as the Philippine Stock Exchange Index (PSEi) surged back above the 6,000…
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The Philippine Stock Exchange index (PSEi) slipped 14.87 points, or 0.25 percent, to close at 5,971.98, as investor sentiment weakened amid fading optimism…
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The country’s foreign reserves fell to a 15-month low as the Bangko Sentral ng Pilipinas (BSP) battled a weakening local currency.
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External debt, meanwhile, jumped 4.81 percent to P5.95 trillion from P5.68 trillion, as the peso’s depreciation inflated the peso equivalent of foreign…
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Vice President Sara Duterte on Tuesday expressed concern over the persistent inflation, the weakening peso and rising fuel prices, at the same time warning…
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The Philippine peso has lost another two centavos in purchasing power, with P1 in 2018 now worth only 73 centavos, according to National Statistician Claire…
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Optimism grew with Iran’s new 14-point proposal aimed at reaching a diplomatic resolution even as President Trump signaled plans to escort vessels through the…
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Aboitiz Equity Ventures Inc. (AEV) said it is strengthening its portfolio to deliver long-term shareholder value, reporting a 14 percent increase in…
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The peso’s current depreciation amid the effects of the ongoing Middle East conflict has not yet breached inflationary territory, according to Bangko Sentral…
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