Peso may strengthen ahead of lockdown easing
THE PESO may strengthen this week as it continues to be supported by the country’s strong economic fundamentals and as investors anticipate a gradual lifting of the lockdown in the country’s capital.
SSS benefit, pension disbursements rise
THE SOCIAL Security System (SSS) has released benefits and pensions worth P95.71 billion in the first six months to its 3.19 million members, with the bulk going to retirement funds.
RCBC officials face fraud complaint
CURRENT and former officials of Rizal Commercial Banking Corp. (RCBC) face an administrative case filed by a nonprofit organization for alleged fraud.
Peso continues to rise on strong reserve data
THE PESO continued to strengthen on Thursday on the back of higher dollar reserves and continued risk-on sentiment due to news of the gradual lifting of lockdowns in some parts of the United States.
Peso edges sideways
THE PESO moved sideways on Wednesday as it was supported by the influx of remittances amid risk-off sentiment arising from escalating geopolitical tensions in the Middle East.
Peso retreats as Diokno signals pause in easing
THE PESO retreated for the second straight day on Tuesday after gains in the US stock market and amid signals of a likely pause in easing by the Bangko Sentral ng Pilipinas (BSP).
Peso weakens vs dollar on Fed comments
THE PESO succumbed to the greenback on Thursday as investors sought safer havens after officials said the US economy will likely see prolonged weakness due to the coronavirus disease 2019 (COVID-19) pandemic.
UnionBank to roll out first virtual currency ATM
UNIONBANK of the Philippines, Inc. is set to launch the first virtual currency automated teller machine (ATM) in the country, allowing customers to buy and sell digital units for cash.
Peso to climb vs dollar on policy meeting, faster inflation
THE PESO may strengthen versus the dollar this week on market expectations of a continued low interest rate environment following the above-target headline inflation print logged last month.
Peso weakens on ‘hot money’ data
THE PESO declined further versus the dollar on Thursday on data showing more foreign portfolio investments exited the country in July.
Peso sinks to weakest close in 3 months
THE PESO weakened further against the greenback on Wednesday on risk-off sentiment following the stock market’s decline and amid concerns over rising commodity prices.
Peso rebounds as governments work to combat COVID-19 impact
THE PESO bounced back on Wednesday after a trading halt on the back of positive market sentiment, with the United States baring fiscal strategies to cushion the impact of the coronavirus disease 2019 (COVID-19) outbreak.