Reserves fall amid peso weakness
The country’s foreign reserves fell to a 15-month low as the Bangko Sentral ng Pilipinas (BSP) battled a weakening local currency.
· 2 min read
Daily TribuneTopic
The country’s foreign reserves fell to a 15-month low as the Bangko Sentral ng Pilipinas (BSP) battled a weakening local currency.
· 2 min read
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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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 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 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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LOS ANGELES (AFP) — The Detroit Pistons routed the Orlando Magic, 116-94, on Sunday to cap a remarkable National Basketball Association playoff comeback and…
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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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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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The Securities and Exchange Commission (SEC) has raised the alarm over a fake “Shopwise” online platform, warning the public of a growing wave of job-linked…
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The benchmark Philippine Stock Exchange Index (PSEi) resumed its decline, slumping to 5,833.64 (-1.26 percent) as investors ended the shortened trading week in…
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LOS ANGELES (AFP) — Cade Cunningham kept top-seeded Detroit’s National Basketball Association (NBA) playoff run alive against the Orlando Magic while the Los…
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The PSEI rebounded to 5,907.89, up 0.70 percent, snapping out of a five-day slide as investors engaged in bargain hunting; the peso fared differently, slumping…
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The local bourse declined for the fifth straight trading day, slipping below the 5,900 level on Tuesday as the peso fell to a new record low of P61.30 per US…
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Anticipation of broader price hikes and additional policy tightening dampened trading even as the peso marginally depreciated P60.71 from previously P60.70 per…
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Familiarity breeds not contempt, but something far more dangerous in a boardroom: comfort.
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