Fed under fire, peso under pressure as BSP weighs next rate (2)
In a Palace briefing on Thursday, Presidential Communications Office spokesperson Undersecretary Claire Castro said to cushion the impact of peso depreciation,…
· 2 min read
Daily TribuneTopic
In a Palace briefing on Thursday, Presidential Communications Office spokesperson Undersecretary Claire Castro said to cushion the impact of peso depreciation,…
· 2 min read
The sustained weakness of the peso, which closed at P59.04 against the US dollar — its third straight day of slight depreciation — added to the cautious mood.…
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Market forces, not BSP intervention caused peso slide to P58.9 against the US dollar.
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The Manila Electric Co. (Meralco), the country’s largest power distributor, said electricity rates are likely to rise this month, mainly due to the peso’s…
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It first reduced the rate by 25 basis points this year on 10 April after the local inflation in March hit 1.8 percent, the lowest since May 2020 based on data…
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Metro Retail Stores Group, Inc. (MRSGI), the publicly listed retailer of the Gaisano Group, is exploring new opportunities to close the year on a high and gain…
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China's $1.4 trillion fiscal boost aims to counter U.S. trade tensions and local debt crisis
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President Ferdinand "Bongbong" Marcos Jr. is closely monitoring the continued weakening of the Philippine peso against the US dollar, Malacañang said…
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The peso closed marginally weaker against the dollar for the third straight day, reaching a new record low of P 57:$1.
· 1 min read