forex | ABS-CBN News

BSP airs concern on Maharlika fund’s impact on GIR

Warren de Guzman, ABS-CBN News
Posted at Dec 05 09:56 PM

The Bangko Sentral ng Pilipinas on Monday said it was concerned over how the Maharlika fund may impact the country’s gross reserves and supervision of banks. Read more »

Philippines' GCash launches cross-border payments with Alipay+

Jessica Fenol, ABS-CBN News
Updated as of Nov 24 07:45 PM

GCash now works in select stores not just in Singapore but also in Malaysia, South Korea and Japan. GCash and Alipay+'s partnership enabled the e-wallet to be used in stores that accept Alipay+ payments. Read more »

Peso strengthens to P56.94 vs US dollar

ABS-CBN News
Posted at Nov 23 07:22 PM

The peso has picked up in recent weeks after falling to as low as P59 to the dollar in early October. Read more »

PSEi up 1 percent, peso closes at P57.21 vs dollar

ABS-CBN News
Posted at Nov 15 05:45 PM

The PSEi racked up another day of gains rising over 1 percent on Tuesday. Read more »

Global markets mixed ahead of US midterms

Agence France-Presse
Posted at Nov 08 09:27 PM

Asian and European stock markets traded mixed Tuesday in jittery deals as Americans head to the polls in critical midterm elections. Read more »

PH gross reserves improve to $94.1 billion in October

ABS-CBN News
Posted at Nov 07 04:52 PM

The Philippines' gross international reserves (GIR) level rose to $94.1 billion as of the end of October, data from the Bangko Sentral ng Pilipinas released Monday showed. Read more »

PH debt grows to P13.52 trillion amid peso weakness

ABS-CBN News
Posted at Nov 03 04:32 PM

The Philippines' sovereign debt hit P13.52 trillion in September partly due to the peso depreciation against the US dollar, the Bureau of Treasury said. Read more »

Fed seen to hike rates anew, weighing down peso and stocks

ABS-CBN News
Posted at Nov 01 04:14 PM

The US Federal Reserve is expected to announce another 75-basis point hike this week, which could further weigh down the peso and the stock market. Read more »

Peso strengthens against US dollar, closes at P57.97 to $1

ABS-CBN News
Updated as of Oct 28 05:53 PM

The Philippine peso on Friday firmed up against the US dollar after depreciating by almost 13 percent in the past few months. Read more »

Japan inflation at highest level since 2014

Agence France-Presse
Updated as of Oct 21 08:59 AM

Japan's core consumer prices rose 3.0 percent in September year-on-year, the government said Friday, the highest level since 2014, as the falling yen and rising energy costs hit households hard. Read more »

Stocks drop and dollar rises as inflation, rate fears return

Agence France-Presse
Posted at Oct 20 06:18 PM

Equities tumbled Thursday, tracking a sell-off on Wall Street, while the dollar jumped further as surging inflation, interest rate hikes and recession fears returned to the fore. Read more »

Yen falls to 32-yr low near 149 level vs. U.S. dollar

Kyodo News
Posted at Oct 15 10:25 AM

The yen fell close to the 149 level against the U.S. dollar on Friday, hitting a 32-year low on expectations of a widening interest rate differential between Japan and the United States. Read more »

Peso closes at all time low of P59 to $1 on Oct. 13

ABS-CBN News
Updated as of Oct 13 05:11 PM

The Philippine peso closed at its weakest level again against the US dollar at P59 on Oct. 13. Read more »

Japan eyes 'proper steps' if yen volatility rises

Kyodo News
Posted at Oct 11 12:17 PM

Japan will take "appropriate" steps if the yen's volatility increases excessively, Finance Minister Shunichi Suzuki said Tuesday. Read more »

'Prices of imports to rise at least 10 pct on weak peso'

Wena Cos, ABS-CBN News
Posted at Oct 05 03:40 PM

Prices of imported goods will rise by at least 10 percent as the Philippine peso continues to depreciate against the US dollar, an official of a business group said. Read more »

Markets drop as traders eye jobs and earnings, oil jumps

Agence France-Presse
Posted at Oct 03 07:04 PM

Stocks slipped on Monday as investors await key US jobs data while girding themselves for a corporate earnings season many fear will highlight the impact of surging inflation and interest rates. Read more »

Peso sinks to new record low of P59 to $1

ABS-CBN News
Updated as of Oct 03 04:58 PM

The Philippine peso continued its losing streak against the US dollar, closing at yet another record low of P59 to $1 on Monday, Oct. 3. Read more »

Peso likely to fall further vs US dollar as Fed stays hawkish: analyst

ABS-CBN News
Updated as of Sep 30 12:00 PM

The peso depreciation against the dollar is widely expected to continue as the US Federal Reserve indicated it would keep rates high, an analyst said. Read more »

Peso may weaken to P65 to $1 says Salceda

Jekki Pascual, ABS-CBN News
Posted at Sep 28 07:29 PM

Albay Representative Joey Salceda said on Wednesday the Philippines must brace for the possibility that the peso may weaken to as much as P65 against the US dollar. Read more »

Paghina ng piso kontra dolyar dama ng ilang negosyante

ABS-CBN News
Updated as of Sep 28 07:45 PM

Dama na ng ilang negosyante sa loob ng bansa ang paghina ng piso kontra dolyar dahil apektado nito ang suplay na kinukuha nila sa labas ng bansa. Read more »