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Larger currency swap deals urged

Following the outflow of portfolio capital away from emerging markets in the first quarter, the Bangko Sentral ng Pilipinas believes there is scope to further increase the amount of the currency swap arrangement among Asean+3 countries.

Posted: April 23rd, 2014 in Headlines | Read More »

Dollar edges up after Crimea breakaway vote

The Philippines prepaid more foreign debts in 2013 than the year before, thus causing its outstanding obligations to non-Filipino creditors to decline. AP FILE PHOTO

The dollar edged higher in Asia on Monday as investors track events in Eastern Europe after Crimeans voted to break away from Ukraine and join Russia, sparking threats of sanctions from the West.

Posted: March 17th, 2014 in Latest Business Stories | Read More »

Dollar higher in Asia

The Philippines prepaid more foreign debts in 2013 than the year before, thus causing its outstanding obligations to non-Filipino creditors to decline. AP FILE PHOTO

The dollar traded higher against major currencies in Asia on Wednesday following another batch of solid US economic data.

Posted: December 25th, 2013 in Latest Business Stories | Read More »

Dollar drops on profit-taking

AFP FILE PHOTO

The dollar Monday fell against most major currencies as investors took profits following last week’s announcement that the US Federal Reserve will soon scale back monetary stimulus.

Posted: December 24th, 2013 in Latest Business Stories | Read More »

Dollar weakens in Asia ahead of US data

US Currency. AP FILE PHOTO

The dollar weakened in Asia Monday ahead of a raft of US economic data that will provide a better idea of the future of the Federal Reserve’s stimulus program.

Posted: December 2nd, 2013 in Latest Business Stories | Read More »

Asean integration seen to be far off

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The Philippines and its regional neighbors have made significant strides in breaking down trade barriers and promoting financial integration, despite challenges posed by various economic crises in the last five years.

Posted: October 27th, 2013 in Editor's Pick,Headlines | Read More »

BSP net loss reached P14.36B as of August

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The Bangko Sentral ng Pilipinas (BSP) slashed its losses in the January to August period of the year amid lower interest expenses, and a weaker peso, which made dollar assets more valuable in the local currency.

Posted: October 21st, 2013 in Headlines | Read More »

Dollar edges up amid speculation about US economy

The Philippines prepaid more foreign debts in 2013 than the year before, thus causing its outstanding obligations to non-Filipino creditors to decline. AP FILE PHOTO

The dollar edged up on Monday as trading remained cautious amid speculation about the timing of an end to massive US stimulus plans.

Posted: September 2nd, 2013 in Latest Business Stories | Read More »

Dollar advances on better US economic growth

AFP FILE PHOTO

The dollar Thursday advanced against other major currencies after a surprisingly upward revision of second-quarter US economic growth that revived expectations that the Federal Reserve will scale back its stimulus.

Posted: August 30th, 2013 in Latest Business Stories | Read More »

Dollar slips in Asian trade

A woman takes a picture of electronic stock board of a securities firm in Tokyo Friday, Aug. 2, 2013. AP Photo/Koji Sasahara)

The dollar weakened against the yen in Asia on Monday with investors turning to the safe-haven Japanese unit following last week’s losses on Wall Street.

Posted: August 19th, 2013 in Latest Business Stories | Read More »

Dollar softens in Asia after weak Japan GDP

AP FILE PHOTO

The dollar retreated Monday morning as investor spirits were deflated by weaker-than-expected Japanese growth data, with markets now looking to key US economic figures this week.

Posted: August 12th, 2013 in Latest Business Stories | Read More »

Dollar falls after lackluster US jobs report

US Currency. AP Photo

The dollar skidded lower against other major currencies on Friday after the US jobs report came in weaker than expected.

Posted: August 3rd, 2013 in Latest Business Stories | Read More »

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