The peso closed  higher at P48.145  to the US dollar Tuesday  from P48.205  the previous day. The weighted average rate appreciated  to P48.177  from P48.192. Total volume amounted to $747.75 million, according to the Bankers Association of the Philippines.
A Facebook post shared by plant nursery Arid and Aroids Nurseries confirms that BG Regale (Sansevieria rorida), a million-peso hybrid plant, has been stolen. The post says, “This is to confirm the rumors circulating on Facebook and group chats.. S. BG Regale HAS BEEN STOLEN.” It says that...
The peso closed higher at P48.145 to the US dollar Monday from P48.22 last Friday. The weighted average rate appreciated to P48.134 from P48.272. Total volume amounted to $679.3 million, according to the Bankers...
The central bank will no longer limit its rediscounting facility through a budget and instead adopted an “open regime” principle as a monetary policy tool to infuse liquidity to a pandemic-hit market. The Bangko Sentral ng Pilipinas (BSP) used to have a specific budget for its Peso Rediscount...
The peso closed  higher  at P48.22 to the US dollar Friday   from P48.31 the previous day. The weighted average rate appreciated  to P48.272 from P48.35. Total volume amounted to $779  million, according to the Bankers Association of the Philippines.
The Philippine peso’s rally has defied the odds as the global pandemic raged. Now as the currency stalls, the nation’s trade data could bring a second wind. A widening current account surplus and narrowing trade gap helped propel the peso to the top of the Asia-Pacific currency leader board by...
The Philippine peso, which now hovers around P48 to the US dollar, is more on the defensive side and can still accommodate a little depreciation at the right time, an American foreign exchange currency strategist said. Robert Lynch, JP Morgan Private Bank global head of foreign exchange strategy,...
The peso closed  higher  at P48.48 to the US dollar Friday   from P48.60  the previous day.  The weighted average rate appreciated  to P48.587  from P48.589. Total volume amounted to $889.6  million, according to the Bankers Association of the...
The peso closed  lower at P48.60 to the US dollar Thursday  from P48.585  the previous day. The weighted average rate depreciated  to P48.59  from P48.589. Total volume amounted to $614.4  million, according to the Bankers Association of the...
Economists from Japan-based MUFG Bank Ltd. see continued strong peso vis-à-vis the US dollar despite the pandemic-induced economic recession and increasing COVID-19 cases which is the highest in the region. MUFG analyst Sophia Ng for Global Markets Research forecasts the peso to keep its strength...
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...
The continuous appreciation of Philippine peso versus other currencies may continue to pull down water rates in Metro Manila until the first quarter of 2021. MB File photo. (ALVIN KASIBAN) This is because of the Foreign Currency Differential Adjustment (FCDA) tariff mechanism that Maynilad Water...
