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News
Peso respite lifts PSEi ahead of inflation data
1+ hour, 6+ min ago (297+ words) MANILA, Philippines — Philippine stocks edged higher on Thursday as the peso paused from its record slide, with investors awaiting August inflation data. The benchmark Philippine Stock Exchange Index (PSEi) rose 0.27 percent, or 16.19 points, to close at 6,069.42. READ: Poll: August inflation…...
Cebuana Lhuillier Rural Bank turns savings advocacy into a Stevie® Win with Ipon Moves
6+ hour, 56+ min ago (273+ words) For many Filipino families, saving money is easier said than done. Daily expenses often take priority, leaving little to set aside for emergencies or future plans. Cebuana Lhuillier Rural Bank took on this challenge through Ipon Moves, a savings advocacy…...
Peso falls to new record low 62.565:$1
15+ hour, 47+ min ago (497+ words) MANILA, Philippines — The Philippine peso broke past the 62.5-per-dollar level to hit a new record low on Wednesday, widening its losses as renewed tensions in the Middle East reignited concerns about inflation and increased the appeal of safe-haven assets. The…...
Peso hits fourth straight record low
1+ day, 1+ hour ago (143+ words) MANILA, Philippines — The Philippine peso fell past the 62.5-per-dollar level to a fresh record low, extending its losing streak amid lingering inflation concerns. The currency weakened 16.5 centavos to close at 62.565 per dollar, according to Bankers Association of the Philippines data....
Peso sinks further past 62 to new low
1+ day, 16+ hour ago (437+ words) MANILA, Philippines — The Philippine peso fell deeper into the 62-per-dollar territory on Tuesday, reaching another record low as higher oil prices, geopolitical uncertainty and a broadly stronger dollar weighed on the currency. The local currency shed 13 centavos from its previous…...
Philippine economy could grow past 4% in fourth quarter
1+ day, 16+ hour ago (401+ words) MANILA, Philippines — After a weak first half and a potentially sluggish third quarter, Philippine economic growth could recover to more than 4 percent in the last three months of the year amid a massive catch-up in infrastructure spending. This is according…...
Peso touches new record low of 62.35-per-dollar
2+ day, 6+ hour ago (107+ words) MANILA, Philippines — The Philippine peso opened the shortened trading week at a new record low as broad strength in the US dollar pressured the currency. On Tuesday, the peso opened at 62.25 per dollar, dropping to a low of 62.35, exceeding the…...
Gov’t spending efficiency improves
2+ day, 16+ hour ago (385+ words) MANILA, Philippines — The national government’s cash utilization improved at the start of the second half of the year as the Marcos administration sought to ramp up spending to support economic growth, latest data from the Department of Budget and Management…...
Peso tagged as Asia’s ‘weakest link’
2+ day, 16+ hour ago (354+ words) MANILA, Philippines — The Philippine peso remains Asia’s “weakest link” despite the central bank’s recent interest rate increase, as policymakers confront a delicate balancing act between bringing inflation under control and supporting an economy that has struggled to gain momentum. For…...
PSE to relax SME listing sponsorship rules
2+ day, 16+ hour ago (399+ words) MANILA, Philippines — The Philippine Stock Exchange Inc. (PSE) is seeking to ease requirements for listing sponsors as part of efforts to encourage more small, medium and emerging (SME) companies to tap the stock market. In a consultation paper, the bourse…...