Peso plunges to six-week low vs dollar
THE PESO plunged to a six-week low against the dollar following statements from Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno about slashing banks’ reserve requirement ratio (RRR) quarterly.
Peso flat ahead of holidays
THE PESO closed flat against the greenback on Monday as investors stayed on the sidelines ahead of the upcoming holidays and following data showing...
LANDBANK to grant 2% interest subsidy
STATE-RUN Land Bank of the Philippines (LANDBANK) is extending a two-percent interest subsidy for new and existing loans obtained by local government units (LGUs) to encourage them to borrow more and finance their recovery programs.
Peso declines anew
THE PESO weakened on Wednesday as the dollar gained strength with investors opting for safer currencies amid heightened fears over the spread of the novel coronavirus from Wuhan, China around the world.
Peso may climb vs the dollar on BSP easing, vaccine news
THE PESO may strengthen against the dollar this week after the central bank cut borrowing costs anew and on continued progress in trials for coronavirus disease 2019 (COVID-19) vaccine candidates.
Peso strengthens further
THE PESO strengthened further against the dollar on Tuesday as the market stayed on the sidelines ahead of the release of the minutes of the US central bank’s latest policy meeting.
Peso strengthens to one-year high
THE PESO closed at its best level in more than a year on Thursday as the US Federal Reserve cut rates and following weak US economic data.
Peso weakens anew vs dollar
THE PESO weakened anew against the dollar on Tuesday following reports of China’s plan to send out delegations to the United States to fine-tune the first phase of their trade deal.
Peso may depreciate further on virus economic impact worries
THE PESO may continue to depreciate this week due to market worries of the economic impact of the coronavirus disease 2019 (COVID-19) as it continues to spread in the country.
Central bank chief Espenilla passes away
By Melissa Luz T. Lopez, Senior Reporter
BANGKO SENTRAL ng Pilipinas (BSP) Governor Nestor A. Espenilla, Jr. passed away on Saturday, Feb. 23. He was 60.
The central bank's Corporate Affairs Office...
Peso rises anew
THE PESO climbed against the dollar anew to hit a fresh one-year peak, driven by market optimism on China and the United States striking a trade deal.
Peso weakens ahead of US GDP
THE PESO weakened further on Wednesday as the dollar strengthened across Asian currencies ahead of the first-quarter US economic data release.