ILOILO CITY – The Roman Catholic and other Christian clergy in Western Visayas are in full force for the Trillion Peso March against corruption on Sunday, Sept. 21. The clergy in Aklan, Antique, Capiz, Guimaras, and Iloilo are leading the multi-sectoral protests in their localities. “As part of...
The Department of Health (DOH) has advised participants of the Trillion Peso March on Sunday, Sept. 21, to come prepared and bring essential items as thousands are expected to join the nationwide peaceful protest against corruption. The nationwide event is expected to draw participation from...
Singapore-based United Overseas Bank (UOB) expects lower interest rates to lift Philippine economic growth in the near term, despite lingering global challenges that would likely expand the domestic economy below the government’s goal for the year. In its Quarterly Global Outlook report for the...
The Securities and Exchange Commission (SEC) has ordered seven online platforms to stop lending-related operations since they are not registered with the Commission. In separate cease and desist orders (CDOs) dated Aug. 15, the SEC Financing and Lending Companies Department (FinLend) directed Cash...
Dutch financial giant ING said the Philippine peso is likely to continue losing ground against the United States (US) dollar as the Bangko Sentral ng Pilipinas (BSP) remains unfazed by its weakening and is expected to deliver substantial cuts in key borrowing rates. “Given our expectations of...
After performing among the worst of Asian currencies last week, the Philippine peso is still expected by Japanese financial giant MUFG Bank Ltd. to gradually appreciate and return to the ₱56:$1 level next year. “All Asian currencies depreciated against the United States (US) dollar [last] week,...
The Securities and Exchange Commission (SEC) continues to crack down on erring lending firms and has recently fined LHL Online Lending Inc., doing business under the names and styles of Pautang Online and Pautang Peso, for providing misleading information in its loan agreements. In an order dated...
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...
The Philippine peso continued its gains against the US dollar as the foreign exchange (forex) market celebrated the latest trade deal between the trade giant US and the Philippines, with investors optimistic that the worst of the tariffs may have passed. Data from the Bankers Association of the...
Despite United States (US) President Donald Trump’s surprising decision to raise tariffs by three percentage points on Philippine exports, the foreign exchange (forex) market showed minimal concern, according to Dutch financial giant ING. “While Trump’s tariff hike on the Philippines—from...
The Philippine peso depreciated further to its weakest in nearly one month, after slipping back to the ₱57 level against the United States (US) dollar on Friday last week due the higher US inflation. The local currency dropped to the ₱57:$1 level on Wednesday, July 17, closing at ₱57.085 from...
With the Philippine peso emerging as an outperformer among Asian currencies following the United States’ (US) tariff hike, Japanese financial giant MUFG has maintained its forecast that the local currency will continue to strengthen in the fourth quarter of 2025 through next year. Last Friday,...
