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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 »

Inflation seen to stay within target range

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The Philippine central bank remains confident of meeting its target range for this year despite the peso’s recent depreciation, which makes imported goods more expensive.

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

Peso slightly recovers from 7-day slump, now at P44.46 to $1

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AFP FILE PHOTO

The Philippine peso ended, on Wednesday, a seven-day decline, gaining six centavos against the US dollar to close at P44.46:$1 from P44.52:$1 last Tuesday.

Posted: September 24th, 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 »

Int’l bank proposes peso ‘globalization’

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Paris, FRANCE – President Benigno S. Aquino III passes through Honor Guards upon arrival at the Palais de L’Elysee for the Bilateral Meeting with French President Francois Hollande on Wednesday (September 17, 2014). (Photo by: Ryan Lim / Malacañang Photo Bureau)

Bouyed by his rockstar welcome, President Aquino announced he also received an equally “shocking” suggestion from an international bank proposing the “globalization” of the Philippine peso.

Posted: September 19th, 2014 in Latest Business Stories | Read More »

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