Malacañang said the ongoing conflict in the Middle East has contributed to the Philippine peso’s decline to a record low. Although Palace Press Officer and Communications Undersecretary Claire Castro did not entirely attribute the weakening of peso against US dollar to the ongoing war, she said...
Investors’ risk-off sentiment amid rising oil prices continued to lift the United States (US) dollar, while the Philippine peso remained on the losing end, plummeting anew to a level approaching the ₱61-per-dollar mark. The peso fell to another record low against the US dollar for the third...
Singapore-based DBS Bank Ltd stated that the Philippine peso is emerging as one of Asia’s most vulnerable currencies as deepening global oil crisis exposes the nation’s heavy reliance on imported energy and the lack of government subsidies. DBS wrote in a commentary published last Friday that...
The peso tumbled to a fresh record low on Friday, March 27, breaching the 60.5-level as geopolitical tensions in the Middle East intensified and the central bank signaled it sees no immediate need to defend the currency. The peso weakened to ₱60.55 per dollar, surpassing the previous historic low...
President Marcos has cited the futility of spending the country 's foreign reserves to defend the Philippine peso, which recently further weakened, hitting a new record low of P60.30 against the US dollar. In an interview with Bloomberg, Marcos stressed that the dollar 's movement is...
Members of the Samahan ng Progresibong Kabataan (SPARK) on Thursday, Feb. 26, gathered at Mandaluyong City Police Station to denounce the alleged unjust arrest of two activists during the People Power anniversary protests in EDSA Ortigas on Feb. 25. The group called for the immediate release of...
The Armed Forces of the Philippines (AFP) has placed its troops on red alert ahead of the commemoration of the 40th anniversary of the EDSA People Power Revolution on Wednesday, Feb. 25. AFP spokesperson Col. Francel Padilla said the military will augment police personnel in ensuring the peaceful...
Metropolitan Manila Development Authority (MMDA) General Manager Nicolas Torre III, and the organizers of the “Trillion Peso March Part III” conducted a joint walkthrough on Friday, Feb. 20, at the People Power Monument in Quezon City. Among those present during the coordination activity were...
The “Trillion Peso March Part 3” is set to take place on Feb. 25 along Epifanio de los Santos Avenue (EDSA) as part of the commemoration of the 40th anniversary of the 1986 People Power Revolution. Organizers said on Wednesday, Feb 11, the mass mobilization will bring together civil society...
Indeed, Valentine’s Day is not just for romantic love, but can also celebrate other forms of positive connections, with the local government of Pasig set to hold a Workers’ Affairs caravan for employees and their employers on Feb. 14 to help strengthen their relationship. The city’s Public...
Malacañang has attributed the Philippine peso 's all-time low against US dollar to the several global and local developments, including the tension between the United States and Venezuela and the investigation on the anomalous flood control projects. "Ang pagtaas ng piso kontra dolyar...
CEBU CITY – Thousands showed up for the anti-corruption rally here on Sunday, Nov. 30. The prayer rally was held peacefully with zero reported incidents during the event. “We had zero incidents. No untoward incident, not even a single case of theft and eight focus crimes happened within the...
