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BSP downplays impact of peso slide

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Bangko Sentral ng Pilipinas.  INQUIRER.net file photo

Central bank chief Amando M. Tetangco Jr. shrugged off fears that the peso’s recent weakness would destabilize consumer price movements, citing structural improvements in the economy that have made the country less susceptible to external shocks.

Posted: October 1st, 2014 in Editor's Pick,Featured Gallery,Headlines | Read More »

Dollar pushes towards 110 yen in Asia

AP FILE PHOTO

The dollar rose Monday after data showed the US economy grew more than first thought in April-June, while it hit a six-month high against the Hong Kong dollar after weekend unrest in the southern Chinese city.

Posted: September 29th, 2014 in Latest Business Stories | Read More »

PH seen weathering hike in US interest rates

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AFP FILE PHOTO

The Philippines could weather any potential interest rate shock if ever US rates go up sharply, according to debt watcher Fitch Ratings.

Posted: September 20th, 2014 in Headlines,Latest Business Stories | Read More »

Dollar holds firm ahead of US Federal Reserve meeting

us dollars

The dollar held its own against other currencies in Asia on Wednesday as investors wait for the outcome of a US Federal Reserve meeting later in the day.

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

Forex reserves rise to $80.78B

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INQUIRER FILE PHOTO

The country’s dollar reserves rose to their highest level since December as financial markets continued to stabilize, giving the economy a more comfortable cushion from external shocks.

Posted: September 6th, 2014 in Headlines,Latest Business Stories | Read More »

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