Diokno says peso’s weakness “temporary”
February 14, 2018
Budget Secretary Benjamin Diokno allayed concerns on Wednesday the depreciation of the peso against the US dollar, saying it is just “temporary”. In a press conference Wednesday, Diokno said the Development Budget Coordinating Committee has actually widened its foreign exchange
Peso slips to near 11-year low of P52.12:$1
February 14, 2018
The peso closed at a near 11-year low of P52.12 against the US dollar on Wednesday from the previous day’s P51.98. The Philippine currency opened at P52.03 before settling at what turned out to be the closing value. Volume at
Hike in right-of-way budget to ensure full use of Japanese loans, Diokno says
February 14, 2018
The Philippine government has increased its budget in the right-of-way (ROW) payments to fast-track the implementation of huge infrastructure projects, including those to be funded by Japan, the Department of Budget and Management (DBM) said on Wednesday. In a press conference,
Stocks gain, but peso hits intra-day low of P52:$1
February 13, 2018
Stocks closed higher on Tuesday, as the Philippine Stock Exchange index finished 82.23 points higher to 8,570.14. However, the peso skidded to the day’s low of P52 against the US dollar before it rallied slightly to end at P51.98. On
Toyosu Wholesale Market
February 13, 2018
Tokyo- Women pose at the tuna wholesale area during a media tour at the new Toyosu Wholesale Market in Tokyo, Japan, 13 February 2018. After being postponed due to groundwater pollution affecting the relocation of the famous Tsukiji fish market
Stocks give back gains, peso hits P51.77
February 12, 2018
Stocks gave back its early gains while the peso skidded to a near three-month low against the US dollar before recovering on Monday. The Philippine Stock Exchange index closed 15.78 points lower to 8,487.91 points after rising to nearly 51
Stocks end lower, peso at P51.48:$1
February 9, 2018
Stocks closed lower on Friday as the main index lost 1.64 percent. The Philippine Stock Exchange index ended at 8,503 points, down by 141.39. In the broader market, there were 138 decliners, 64 gainers and 46 unchanged. Volume reached 1.36
Philippines reported record trade gap of $4.02b in December
February 9, 2018
The Philippines reported a record deficit of $4.02 billion in December from year-ago figures of $2.47 billion as exports declined by 4.9 percent and imports grew 17.6 percent, the Philippine Statistical Authority ( PSA) said Friday. Exports went down to
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