Dutch financial giant ING expects the Philippine peso to depreciate against the United States (US) dollar in the near term as the US President Donald Trump-led global trade war rages on and the domestic economy weakens. "We look for the Singapore dollar and Philippine peso to underperform in a...
The Philippine peso's gains against the United States (US) dollar at the start of the year may be erased by the widening current account deficit, according to the World Bank. In its Philippines Monthly Economic Developments report for March 2025, the Washington-based multilateral lender noted that...
The peso's recent relative strength against the US dollar would unlikely last for long amid external and domestic threats, according to Singapore-based United Overseas Bank (UOB). While the local currency had traded flat against the US dollar year-to-date as of the first week of this month, "the...
The Philippines will buck the downward trend and lead economic growth acceleration among emerging markets in 2025, according to the London-based think tank Capital Economics. A Feb. 20 report of Capital Economics assistant economist Lily Millard showed that among emerging markets that are...
The US dollar's strength is expected to linger for the rest of the year, potentially hiking borrowing costs for emerging markets like the Philippines, according to the Washington-based Institute of International Finance (IIF). "A strong US dollar will be a key feature of 2025 and beyond. While...
The intensifying conflict between President Ferdinand Marcos Jr. and Vice President Sara Duterte-Carpio may deter foreign capital and funds from flowing to the Philippines, according to Dutch financial giant ING. In a Feb. 14 report, ING cited the Marcos-Duterte rift as a key investor concern as...
(MANILA BULLETIN) Economist-solon Albay 2nd district Rep. Joey Salceda has advised the Philippine government to "adapt" amid concerns that the peso slide against the United States (US) dollar would persist well into 2025. Incidentally, January...
More than 7.7 million customers of Manila Electric Company (Meralco) will likely experience relief in their power bills this August, as the utility firm is anticipating downtrend in its overall rate in this billing cycle. “While we have yet to receive the final billings from our suppliers, we...
The Philippine peso climbed back to the P56 level, closing at P56.14 to a US dollar on Tuesday, April 18, 2023Â from P55.85 on April 17. According to the Bankers Association of the Philippines, trading opened at P56 and reached a low of P56.23 before closing at P56.14 versus the greenback. The...
The summer heat will somehow be eased, as customers of Manila Electric Company (Meralco) are expected to enjoy reduction in their electric bills this month. There was preliminary expectation of a rate hike, but in the final computation, there were factors that ended up pulling down the overall cost...
The Philippine peso is heading for its biggest quarterly gain in a decade and still has scope to appreciate due to positive fund flows, according to Credit Agricole SA and Nomura Holdings Inc. The local currency has now strengthened 4.6% this year, beating all its developing-nation counterparts...
