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Peso may fall to P46 against US dollar by end of 2014—UBS

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AFP file photo

The peso might depreciate to the 46 level against the US dollar by this yearend and further to 47 by the end of 2015 due to a “pretty loose” local monetary policy, the bottoming out of US interest rates and some oil price pressures, an economist from Swiss investment bank said.

Posted: June 23rd, 2014 in Latest Business Stories,Money | Read More »

China urges greater use of renminbi in PH mart

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Despite tensions arising from the territorial row between the Philippines and China over a number of isles and rocks lying in the West Philippine Sea, the two countries are eyeing closer ties in the financial markets, officials said Tuesday night.

Posted: June 19th, 2014 in Headlines | Read More »

Turn in your dirty peso bills to banks, says BSP

Local banks are now required to accept “mutilated” paper notes and coins from the public and replace them, according to new banking rules published this month

Local banks are now required to accept “mutilated” paper notes and coins from the public and replace them, according to new banking rules published this month.

Posted: April 11th, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

Asian shares lower despite G20 growth pledge

A man uses a mobile phone in front of a securities firm's electronic stock board in Tokyo, Monday, Feb. 24, 2014. Asian stock markets mostly fell Monday after a slower increase in Chinese property prices added to jitters about the strength of the world's No. 2 economy.  AP PHOTO/SHIZUO KAMBAYASHI

Asian stock markets lost ground on Monday, with investors little moved by the G20s weekend commitment to boost global growth by $2 trillion over five years.

Posted: February 24th, 2014 in Latest Business Stories | Read More »

Dollar range bound in Asia

AP FILE PHOTO

The dollar was range bound against other major currencies in Asian trade Monday as investors awaited key US economic data due later this week for clues about the state of the world’s largest economy.

Posted: February 24th, 2014 in Latest Business Stories | Read More »

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