Market, peso, slump amid renewed tensions
Market sentiment turned cautious after fresh reports of military exchanges between the US and Iran near the Strait of Hormuz. The peso weakened slightly,…
· 2 min read
Daily TribuneTopic
Market sentiment turned cautious after fresh reports of military exchanges between the US and Iran near the Strait of Hormuz. The peso weakened slightly,…
· 2 min read
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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The local bourse bounced back above the 6,000 level while the peso strengthened sharply to P60.42 from Wednesday’s close of P61.30, reflecting a weak US dollar…
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If promises were indeed unkept, the current financial problems of the government militates against any attempt to squeeze money from the treasury.
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The Philippine unemployment rate eased slightly in March to 5.0 percent, though government data released Wednesday suggests that job quality and long-term…
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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 7.2 percent April headline inflation print reported by the Philippine Statistics Authority (PSA) on Monday may prompt the central bank to preemptively…
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The Philippine Stock Exchange index rebounded strongly on Wednesday, climbing 1.17 percent to 5,967.21 on reports that the US paused military escort operations…
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The local bourse and the peso posted substantial gains as progress in diplomatic relations between the United States and Iran gave investors much-needed…
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Criminality in Metro Manila dropped by 23 percent over the past week as police intensified warrant services and anti-drug operations, the National Capital…
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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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The Philippine Stock Exchange Index (PSEi) slipped to 5,898.08, down 0.74 percent, as investor sentiment turned cautious following a hotter-than-expected…
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The Philippine Stock Exchange Index (PSEi) slipped to 5,898.08, down 0.74%, as investor sentiment turned cautious following a hotter-than-expected inflation…
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The Philippine National Police (PNP) reported a 34 percent decrease in major “focus crimes” over the last three years, a trend officials on Monday attributed…
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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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A certain old-money holding firm has been found by Nosy Tarsee to be staring down a refinancing wall that could test even its most loyal bankers.
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Businesses in the Philippines are seeing uneven gains and losses from the combined impact of a weaker peso and rising oil prices, according to Jose Luis Yulo…
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