Just two weeks after hitting a then-record low, the peso plunged again to an all-time low on Wednesday, Nov. 12, as market sentiment turned negative amid public fund governance concerns and lackluster economic growth. The currency finished the third trading day of the week at ₱59.17, weakening...
Due to political turmoil and the ongoing probe into flood control scandals, the Philippine peso depreciated to its weakest level in nearly two months at ₱58:1 against the United States (US) dollar. It closed at ₱58.1 on Thursday, Sept. 25, from ₱57.46 last Wednesday, September 24. This was...
After a four-day losing streak, the Philippine peso continued depreciating against the United States (US) dollar on Thursday, July 31, as it dropped to its lowest in more than five months since February this year. It shed 74 centavos to close at ₱58.32 from ₱57.58 last Wednesday. The last time...
After experiencing a three-day appreciation streak against the United States (US) dollar, the Philippine peso weakened again by shedding almost half-a-peso on Friday, July 25, despite the fresh market optimism over the latest trade deal with the US. According to the Bankers Association of the...
After showing signs of recovery the previous day, the Philippine peso returned to the ₱56 level as investor confidence grew over the tentative Iran-Israel ceasefire, while the United States (US) dollar slipped to test its recent lows. Data from the Bankers Association of the Philippines (BAP)...
After hitting a nearly three-month low in the previous day, the peso rebounded against the United States (US) dollar, influenced by a tentative ceasefire between Iran and Israel, which pushed global crude oil prices to near two-week lows. Data from the Bankers Association of the Philippines (BAP)...
Banks across the Philippines are set to ramp up technology-related investments, particularly in cybersecurity infrastructure and systems, in a bid to improve operational efficiency and protect consumers. Investments in technology would enhance domestic banks’ operational efficiencies and the...
