Manila Bulletin - Banking & Finance

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Banking & Finance

Manila Bulletin

Peso slides to second straight record low against US dollar
The peso fell to its weakest level on record for a second consecutive day, as persistent inflation in the United States (US) fueled expectations that interest rates will remain elevated, dampening appetite for emerging-market assets. The local currency weakened to ₱61.721 per dollar on Friday,...
Manila Bulletin

Philippines to repay its biggest-ever World Bank loan for agriculture until 2044
The Philippines will repay until 2044 its biggest-ever loan from the World Bank, which will bankroll a sweeping agricultural transformation program aimed at boosting food production, modernizing farming systems, and strengthening climate resilience. Documents showed that Finance Secretary Frederick...
Manila Bulletin

ADB readying up to $1.75 billion more for Philippines amid Middle East crisis
Manila Bulletin

Political fragility and the market
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