Peso extends slide as weak data fan recession fears
THE PESO slipped against the dollar on Thursday due to recession concerns following the release of data showing that manufacturing and services activity slowed...
Most Asian units slip on US-China
MOST emerging Asian currencies slipped on Monday, tracking the broader sell-off in equity markets, as investors scurried away from risky assets amid intensifying Sino-US trade tensions.
Loans disbursed by pawnshops drop
MAJORITY OF pawnshops in the country saw a decline in pledged loans last year due to lower demand, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said on Wednesday.
June GIR declines to lowest level since 2011
GROSS international reserves (GIR) continued to decline at the mid-year point to their lowest level in nearly seven years, with the central bank continuing to intervene in the foreign exchange market to defend the peso.
UNO Digital Bank targeting to capture unbanked in big cities
UNO Digital Bank wants to capture the underserved and unbanked in the country’s biggest cities as it gears up for its targeted second-quarter launch.
Hitting the road
By Benel D. Lagua
“THE world is a book, and those who do not travel read only one page.” — St. Augustine
Peso to weaken ahead of inflation, GDP data
THE peso may depreciate this week amid major data releases such as gross domestic product (GDP) and inflation, and the continued surge in coronavirus infections.
Australian fund managers are already betting on quantitative easing
AUSTRALIAN asset managers are gearing up for what was once unthinkable: the prospect of quantitative easing (QE) in their own backyard.
GSIS allots P1.7B for El Niño, rabies emergency loans
GOVERNMENT Service Insurance System (GSIS) has allocated P1.7 billion in emergency loans for members and pensioners affected by El Niño and rabies in 13...
Peso down on Lambda variant fears
THE PESO weakened versus the greenback on Monday due to the detection of the more infectious Lambda variant in the country and the possibility of an extended lockdown as cases continue to surge.
Peso inches up vs dollar
THE PESO strengthened slightly against the greenback on Monday following the release of data showing a decline in local manufacturing activity.
Peso rebounds on rate hike expectations
THE PESO strengthened versus the dollar on Tuesday despite profit taking after the release of November inflation data that cemented expectations of another rate hike from the Bangko Sentral ng Pilipinas (BSP) this month.