Peso ends at P48.08 against US dollar

December 7, 2020

The Philippine peso ended at P48.08 against the US dollar on Monday. On Friday, the peso closed at P48.04 against the greenback after hitting an intra-day four year of P48.02. Volume at the foreign exchange portal of the Bankers Association

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Domiguez thumbs down passage of Bayanihan 3; says economy just waiting for fear factor to be removed

December 4, 2020

Finance Secretary Carlos Dominguez III has rejected a move for the passage of Bayanihan 3 bill, citing the still unspent budget and the “tight” fiscal situation. In a virtual press conference after the Development Budget Coordination Committee meeting on Thursday,

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Peso closes at P48.04 against US dollar

December 4, 2020

The Philippine peso hit a four-year intraday high of P48.02 against the US dollar before closing at P48.04 on Friday. The peso closed at P48.045 against the greenback on Thursday. Volume at the foreign exchange portal at the Bankers Association

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Philippines to earmark 9.1% of GDP in recovery plan amid pandemic – Duterte

December 4, 2020

The Philippine government is allocating 9.1 percent of the country’s gross domestic product on the recovery effort amid the coronavirus pandemic. President Rodrigo Duterte said this early Friday in his statement at the Special Session of the United Nations General

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DBCC sees further GDP contraction for this year; but to bounce back up to 10% growth by 2022

December 3, 2020

By Celerina Monte The Philippine economy is likely to fully recover next year and post even double-digit gross domestic product growth by 2022 after a full-year projected contraction in 2020. The Development Budget Coordination Committee (DBCC) revised on Thursday the

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Peso ends at new four-year high of P48.05:$1

December 1, 2020

The Philippine peso closed to a new four-year high of P48.05 against the US dollar from P48.06 on Friday. Volume at the Bankers Association of the Philippines foreign exchange portal reached $722.6 million from $783.4 million on November 27. The

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Economy and governance make Philippines ”promising investment destination” for Japan: Dominguez

December 1, 2020

Finance Secretary Carlos Dominguez III on Tuesday hoped the country’s strong fundamentals, fiscal stamina, and effective governance will continue to make a “promising investment destination and growing market” for Japanese investors. During Philippine-Japan Business Investment Virtual Forum, Dominquez cited the plans made

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Peso ends at new four-year high of P48.06 vs US dollar

November 27, 2020

The Philippine peso closed at a new four-year high of P48.06 against the US dollar on Friday. On Thursday, the peso closed at P48.115 against the greenback. Volume at the foreign exchange portal of the Bankers Association of the Philippines

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