Remolona: BSP not hiking rates to defend peso
‘We do intervene a little bit in the foreign exchange market, but that’s mainly to avoid swings in the exchange rate that tend to be inflationary.’
· 2 MIN READ
Topic
foreign exchange losses peso
Latest Daily Tribune news and analysis on foreign exchange losses peso.
BSP: foreign investments plunge 44.1 percent in July
Foreign direct investment (FDI) inflows into the Philippines fell by 44.1 percent year on year to $689 million in July, bringing the seven-month total to $4.07…
· 2 MIN READ
SC eases rules for recognition of foreign divorce
The Supreme Court simplifies the process for Filipinos seeking judicial recognition of foreign divorces, removing the need to prove applicable foreign laws and…
· 2 MIN READ
Phl foreign reserves fall to lowest level since 2023 in September
Preliminary data released by the Bangko Sentral ng Pilipinas (BSP) on Wednesday evening showed GIR settling at $99.997 billion at end-September, down from…
· 2 MIN READ
PSEi, peso tumble on renewed Mideast tensions
The Philippine Stock Exchange Index (PSEi) retreated on Monday, falling 58.97 points or 0.99 percent to 5,879.41, while the peso weakened to P61.69 per US…
· 1 MIN READ
Bottomless hole forms
A listed Philippine telco startup faces a capital deficiency exceeding ₱100 billion due to non-cash losses, FX impacts, and depreciation, yet maintains that…
· 1 MIN READ