Tag page - Philippine peso

The Philippine peso climbed back to the P56 level, closing at P56.14 to a US dollar on Tuesday, April 18, 2023  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...