The battlefield of relentless volatile oil prices will be in the favor of Filipino consumers next week, as the domestic oil companies are anticipating hefty rollback at the pumps across products. Based on the calculations of the industry players, the price of diesel will have a sharp reduction of...
House Speaker Martin Romualdez (Ellson Quismorio/ MANILA BULLETIN) The Bangko Sentral ng Pilipinas (BSP) can help maximize the expected reduction on retail prices of rice by keeping the peso at "reasonable levels" against the United States (US) dollar. This was...
Motorists using gasoline products will be greeted with more favorable news at the pumps this week as the price of this commodity will be reduced by P0.90 per liter, according to the pricing advisories of the oil companies. Conversely, however, those filling up their vehicles with diesel will...
It will be a new round of financial agony for consumers at the pumps this week, as the price of gasoline and products will rise by P0.40 per liter, based on the pricing advisories of oil companies. Kerosene, which is the base for aviation fuel and also an essential commodity for...
The onslaught of bad news is coming endless for consumers, as another wave of financial pain will further squeeze their pockets with anticipated price hikes at the gas pumps next week. According to the oil companies, the price of gasoline products will rise by P0.45 to P0.85 per liter; while diesel...
Consumers’ pockets will experience slight reprieve this week, as oil prices will be on moderate rollback, according to the pricing advisories of the oil companies. The price of diesel products will be trimmed by P0.45 per liter; while gasoline prices will have marginal reduction of P0.25 per...
There will be extended financial relief for consumers at the pumps next week, as oil prices are anticipated to have moderate rollback, based on the computation of the oil companies. According to the industry players, the price of gasoline products will be trimmed by P0.60 to P1.00 per liter; while...
The Bangko Sentral ng Pilipinas (BSP) has assured congressmen that using the central bank's dividends on the proposed Maharlika Wealth Fund (MWF) would not have any adverse effects on its gross international reserves (GIR). (Giorgio Trovato/ Unsplash) BSP Deputy Governor Francisco Dakila Jr., made...
For more than six decades, one of the country’s leading pawnshops, Villarica has continuously served the Filipino public with a host of services that have evolved with the changing, and digital, times as well as the needs of the Filipinos. Boasting of having one of the highest, if not the highest...
The Bangko Sentral ng Pilipinas (BSP) has a net income of P34.51 billion as of end-November 2020, down from same period in 2019 of P40.24 billion. The BSP continued to report net foreign exchange (FX) losses of P5.67 billion, a reversal of the previous year’s P14.46 billion FX net...
The central bank incurred net foreign exchange (FX) losses of P4.55 billion as of end-September after a P6.13 billion realized losses in the third quarter due to fluctuations in FX rates from its foreign currency-denominated activity. The July to September net FX losses is the biggest for the...
The Bangko Sentral ng Pilipinas (BSP) is allowing universal and commercial banks to electronically submit six foreign exchange (FX) transaction documents to lessen risks of COVID-19 transmission in the handling of hardcopy. Based on a new memo (BSP Memorandum Order No. M-2020-089) that BSP Deputy...
