The peso closed lower at P48.725 to the US dollar Wednesday, (March 17) from P48.635 the previous day. The weighted average rate depreciated to P48.658 from P48.568. Total volume amounted to $793.7 million, according to the Bankers Association of the Philippines.
The peso closed lower at P48.635 to the US dollar Tuesday, (March 16),  from P48.54 the previous day. The weighted average rate  depreciated  to P48.568  from P48.493. Total volume amounted  to $721.9 million, according to the Bankers Association of the Philippines.
The peso closed lower at P48.54 to the US dollar Monday, ( March 15) from P48.455 last Friday.  The weighted average rate  depreciated  to P48.493  from P48.435. Total volume amounted  to $798.55 million, according to the Bankers Association of the Philippines.
Bank-transferred remittances for the first month of 2021 was down to $2.603 billion or 1.7 percent lower from same period last year of $2.648 billion. The January cash remittances was also lower compared to December 2020’s $2.890 billion or by 9.9 percent, based on Bangko Sentral ng Pilipinas...
Philippines’ foreign assets reached $109.082 billion as of end-February, higher than $108.673 billion in January, the Bangko Sentral ng Pilipinas (BSP) reported. The gross international reserves or GIR, which are invested in foreign-issued securities, monetary gold, and foreign exchange, is 11.7...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said Thursday that the inflation rate will reach its peak in the second quarter months of April to June and that so far, there is limited evidence of second-round effects. A vegetable seller tends to a client at Paco Market. A vegetable...
The peso closed lower at ₱48.60 to the US dollar Wednesday, (March 10), from ₱48.48 the previous day. The weighted average rate depreciated to ₱48.564 from ₱48.544. Total volume amounted to $1.015.3 billion, according to the Bankers Association of the Philippines.
Foreign direct investments (FDI) last year dropped 24.6 percent to a net inflow of $6.542 billion from $8.671 billion in 2019, but it was more than the Bangko Sentral ng Pilipinas’ (BSP) $6-billion projection for 2020. “The disruptive impact of the pandemic on global supply chains and the weak...
Local share prices rose on continued bargain hunting on the back of gains in the US bourses overnight. Photo credit: PSE Information Desk The main index advanced 41.49 points or 0.61 percent to close at 6,808.32 with only the Financials and Mining and Oil counters retreating. A total of 9.14...
The peso closed higher  at P48.48 to the US dollar Tuesday,  (March 9) from P48.561 the previous day.  The weighted average rate  appreciated  to P48.544   from P48.564.  Total volume amounted  to  $890.25  million, according to the Bankers...
The Bangko Sentral ng Pilipinas (BSP) is currently reviewing its foreign exchange (FX) swap facility in light of the London Inter-Bank Offered Rate (LIBOR) transition and replacement by end-2021 as benchmark reference rate. For three months or from November 2020 to January this year, the BSP...
The Bangko Sentral ng Pilipinas (BSP) is not keen on granting another round of payment moratorium on loans as the banking system may not be able to absorb another round of moratorium on debt payments as banks need time to build up buffers while the economy – on the second year of the COVID-19...
