(MANILA BULLETIN, Unsplash) The Philippine peso is at its weakest against the United States (US) dollar in over four months, but don't sound the alarm. At least, that's not something economist-congressman Joey Salceda would do. Asked to comment on the skidding peso, which closed at P56.21 against...
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...
Building on its culture of excellence and providing financial professionals with opportunities for personal and career growth, MDRT (Million Dollar Round Table) is expanding its family of brands with the introduction of MDRT Global Services. MDRT Global Services opened for membership to financial...
The Marcos administration plans to borrow more in US dollars as the Department of Finance (DOF) said the government is looking at tapping the hard-earned savings of overseas Filipino workers (OFWs). During a Kapihan sa Manila Bay Forum on Wednesday, Nov. 30, DOF Secretary Benjamin E. Diokno said...
Don't look now, but the peso depreciation these past few months actually had a positive impact on the Philippine economy. (Mari Gimenez/ Unsplash) The House of Representatives' resident economist, Albay 2nd district Rep. Joey Salceda, made this argument during a media briefing Thursday, Nov. 10 as...
President Ferdinand "Bongbong" Marcos Jr. on Tuesday dismissed the country's latest inflation rate, which has increased compared to last month's figure, by saying it is an "imported inflation." "I think I will have to disagree with that number. We are not that high. We have crossed the...our...
Dutch reality show "Million Dollar Island" which was filmed on location in northern Palawan is set to air on television in the Netherlands on Sunday (Dutch time), the Department of Foreign Affairs (DFA) said. "Million Dollar Island" trailer title card (Screenshot from Metronieuws/SBS6) A hundred...
WASHINGTON, United States -- US discount retailer Dollar Tree said on Tuesday that the company would raise prices from $1 to $1.25 on the majority of its products by the first quarter of 2022 amid broad inflation pressures. dollar-tree-2 "For 35 years, Dollar Tree has managed through inflationary...
The government on Friday, Oct. 8, listed its first onshore retail dollar bonds (RDBs) in the Philippine Dealing and Exchange Corp. (PDEX), bringing closer to fulfilling its twin goals of deepening the domestic capital markets and broadening financial inclusion. During the listing, Finance Secretary...
Small investors who were looking for a low-risk, accessible and higher-yielding investment swamped the government’s first onshore issue of retail dollar bonds, the Bureau of the Treasury announced. Based on a report submitted by National Treasurer Rosalia V. de Leon to Finance Secretary Carlos G....
Finance Secretary Carlos G. Dominguez III urged small investors to invest in the government’s maiden onshore retail dollar bond (RDBs) offering, saying it is a “win-win proposition” that will promote financial inclusion while raising funds for the country’s coronavirus response. Finance...
The Bureau of the Treasury has launched the government’s first onshore issue of dollar bonds catering to small investors who are looking for a low-risk, accessible and higher-yielding investment. At the price-setting auction on Wednesday, Sept. 15, the Bureau of Treasury raised an initial $866.2...
