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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 recovering back to 43 to $1

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peso-bills

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 »

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 »

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 »

Dollar drops after disappointing US jobs report

AP FILE PHOTO

The dollar tumbled against other major currencies Friday, driven lower after a surprisingly weak US jobs report cast doubt on the vigor of the nation’s economic recovery.

Posted: January 11th, 2014 in Latest Business Stories | Read More »

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