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Brokerage firm sees upside to peso downswing

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The recent decline in the local currency’s value has provided a boost to economic activity, increasing the peso value of every dollar earned by families dependent on remittances from overseas Filipino workers (OFW).

Posted: February 20th, 2014 in Headlines | Read More »

Peso now said to be undervalued

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Finance Secretary Cesar Purisima believes that the peso, which has depreciated from its 2013 average despite the country’s “sound” fundamentals, is now undervalued.

Posted: February 16th, 2014 in Headlines | Read More »

Peso seen gaining strength on strong data

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The peso is expected to strengthen further in the coming weeks as strong economic data lift sentiment over the strength of the Philippine economy.

Posted: February 12th, 2014 in Editor's Pick,Headlines | Read More »

Peso seen recovering back to 43 to $1

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The local currency is expected to recover part of its losses against the dollar over the next 12 months as it gets support from the country’s growing economy.

Posted: February 7th, 2014 in Editor's Pick,Headlines | Read More »

For experts, weak peso spells gains for PH

For some economists, the depreciation of the peso is not the bad news it is feared to be. Three economists from the University of the Philippines (UP) and the University of Asia and the Pacific (UA&P) said the weakening of the local currency since the start of the year would boost household incomes, government coffers, and competitiveness of local industries. They believe the economy stands to gain from it on a net basis.

Posted: February 7th, 2014 in Headlines | Read More »

January inflation hits fastest in 2 years

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The increase in consumer prices accelerated in January to its fastest pace in two years due to a weakening peso and the spillover effects of last year’s natural calamity on supply of goods.  AFP FILE PHOTO

The increase in consumer prices accelerated in January to its fastest pace in two years due to a weakening peso and the spillover effects of last year’s natural calamity on supply of goods.

Posted: February 6th, 2014 in Editor's Pick,Headlines | Read More »

Peso may weaken but not enough to trigger rate hike

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The peso may further weaken against the US dollar this year, but it will not be enough to trigger a spike in key policy rates, economists from Bank of the Philippine Islands (BPI) said.

Posted: February 4th, 2014 in Headlines | Read More »

Weakening peso stems inflation risks, says BSP

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Lower food and fuel costs offset the effects of a weaker peso on imported goods, Bangko Sentral ng Pilipinas says. AFP FILE PHOTO

Consumer prices are expected to remain stable in the coming months as lower food and fuel costs offset the effects of a weaker peso on imported goods.

Posted: January 30th, 2014 in Latest Business Stories | Read More »

Gov’t may expect continuing decline in debt payments

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The decline in the amount of money that the government has earmarked for debt servicing will continue in 2014 despite the adverse effects of a weakening peso, according to the head of the budget department.

Posted: January 26th, 2014 in Headlines | Read More »

Peso hits new low Thursday

Photo by INQUIRER.net

The local currency closed Thursday at 45.30-to-$1, losing 10 centavos from 45.20: $1 the day before.

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

Peso seen to visit 46:$1 territory

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The peso may test the 46-to-$1 level in the coming weeks as investors continue to flee emerging markets like the Philippines on the promise of improving yields in advanced markets such as the United States and Europe.

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

Stocks close higher as peso dips further

While the stock index rose for the fifth straight session on Tuesday, the peso weakened further.

Posted: January 22nd, 2014 in Editor's Pick,Headlines | Read More »

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