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Philippine peso, stocks sink further

Sep 26, 2018 - 6:20 PM

The Philippine peso and the local bourse sink further on Wednesday, September 26, despite interest rate hike expectations

Philippine peso dips to fresh 13-year low, bloodbath at PSE

Sep 25, 2018 - 10:50 PM

The Philippine peso closes at P54.31 against the US dollar on Tuesday, September 25

Philippine peso sinking to P58 vs $1 'unlikely' – Diokno

Sep 19, 2018 - 11:55 AM

Budget Secretary Benjamin Diokno says the government relies on overseas Filipinos' remittances and foreign direct investments to keep the economy steady

UNLIKELY. Budget Secretary Benjamin Diokno says the P58 to a dollar forecast is 'unlikely.' File photo by Angie de Silva/Rappler

Philippine peso to hit P58 vs $1, inflation to jump – Capital Economics

Sep 17, 2018 - 12:22 PM

The London-based research firm sees the Philippine peso sliding to P58 in 2019 and inflation soaring due to Typhoon Ompong

Philippine peso plummets to P54 vs $1

Sep 12, 2018 - 5:45 PM

The Philippine peso dips further on Wednesday, September 12, amid a wider trade deficit, high inflation, and rising oil prices

WEAK. The Philippine peso continues its losing streak. Shutterstock photo


Trillanes, Philippine peso dips, Twitter bans Alex Jones | Midday wRap

Sep 07, 2018 - 12:43 PM

Watch Rappler’s Midday newscast with Margie de Leon

Philippine peso weakens further to 13-year low

Sep 06, 2018 - 7:40 PM

The Philippine peso is now just a few centavos away from hitting P54 to $1

Philippine peso breaches P53 to $1 level, falls to 12-year low

Jun 13, 2018 - 4:58 PM

The peso closes at P53.23 to $1, its weakest level since June 2006

Peso weakens to 11-year low, Duque on Dengvaxia, Florida school shooting | Midday wRap

Feb 15, 2018 - 12:13 PM

Watch the midday newscast with Marguerite de Leon

Philippine peso strongest in 6 months, stocks break 8500 level

Dec 28, 2017 - 5:11 PM

Philippine peso and stocks finish on a strong note two days before trading takes a 4-day New Year break

Peso weakens, Mahmud Ahmad dead, DBM usec fired | Midday wRap

Oct 20, 2017 - 12:59 PM

Watch the midday newscast with Margie de Leon

Philippine peso weakens to new 11-year low

Oct 19, 2017 - 7:10 PM

The Philippine peso closes at P51.530 to $1 on Thursday, October 19, its weakest since August 24, 2006

Jee Ick Joo, De Lima, Duterte | Evening wRap

Mar 03, 2017 - 9:43 PM

Watch the evening newscast with Mara Cepeda

PH peso hits new 10-year low of P50.4 to $1

Mar 03, 2017 - 5:10 PM

This is the lowest Philippine peso level against the US dollar since September 12 2006

FOREX. The peso ended trading on Friday, March 3, 2017, at an intraday low of P50.4 to $1 from the previous day's P50.31 to $1. File photo by Agence France-Presse

Senate revamp, death penalty, 2017 Oscars | Evening wRap

Feb 27, 2017 - 9:48 PM

Watch the evening newscast with Ana Arceo

'Political noise' not causing weaker peso – expert

Feb 22, 2017 - 4:10 PM

The Philippines shrinking current account surplus is the main reason why the peso has fallen to more than P50 to the US dollar according to a risk consultant

PH foreign reserves rise to $81.04B in January

Feb 07, 2017 - 8:15 PM

The Bangko Sentral ng Pilipinas attributes the increase mainly to the higher value of its gold holdings

Philippine peso ends week-long losing streak

Nov 26, 2016 - 9:00 AM

The peso closes at P49 84 to 1 a day after it briefly breached the P50 to a dollar level

De Lima-Dayan affair, Philippine peso, Rodrigo Duterte | Evening wRap

Nov 24, 2016 - 8:19 PM

Watch the evening newscast with Chay Hofileña

Philippine peso hits P50 to the dollar

Nov 24, 2016 - 12:04 PM

3rd UPDATE Economists and government officials say the pace by which the local currency has been weakening against the greenback remains very manageable

A customer counts Philippines peso notes after trading his US dollars for Philippine pesos in Manila on September 8, 2015.  Jay Directo/AFP

Dominguez: Fed rate hike talks mainly caused peso depreciation

Nov 02, 2016 - 7:30 PM

On Wednesday November 2 the Philippine peso slightly strengthens against the US dollar as the greenback weakens on growing concerns over the US elections

Finance Secretary Carlos Dominguez III says that the country's growth momentum, coupled with low inflation rate, stable currency, and strong political leadership of the Duterte administration, has earnestly opened the doors for business with other nations. Photo by King Rodriguez/Presidential Photo

'Hard Brexit' fears push pound to 31-year dollar low

Oct 04, 2016 - 5:39 PM

3rd UPDATE The pound slumps to a 31 year low against the dollar on concerns over the timing of Britain s planned exit from the European Union

An illustrative picture taken in Liverpool on August 17, 2016 shows an arrangement of British 10 and 20 pound bank notes and 1 and 2 pound coins. Paul Ellis/AFP

Clinton vs Trump, Duterte, vs Abu Sayyaf, Philippine peso drop | 12PM wRap

Sep 27, 2016 - 12:31 PM

Watch the 12PM wRap with Maria Ressa

Peso hits 7-year low vs US dollar

Sep 26, 2016 - 7:00 PM

The Philippine peso closes at P48 25 to 1 on Monday September 26 amid domestic and global uncertainty

PH external debt inches up to $77.7 B for H1 2016

Sep 19, 2016 - 5:28 PM

Despite the increase the BSP says the debt stock remains manageable due to substantial international reserves and consistent economic growth

Philippine peso coins and a bank note at a street store in Manila, 10 January 2008.  Jay Directo/AFP/File

China forex reserves fall almost $100B in January

Feb 07, 2016 - 8:42 PM

The world’s largest currency hoard shrank by 99 5 billion in January to some 3 2 trillion

IMF cuts world growth forecast, warns of major risks

Jan 19, 2016 - 8:59 PM

The International Monetary Fund expects the world economy to grow by only 3 4 in 2016

PH peso to weaken P48.80:$1 in 2016 – ING Bank

Jan 05, 2016 - 3:00 PM

The peso is seen to depreciate further by 3 4 this year after shedding 5 2 against the greenback in 2015 an economist from ING Bank Manila says

FORECAST. ING Bank Manila's exchange rate forecast is more bearish than the consensus of Bloomberg that expects the Philippine peso weakening by 1.8% to P47.90 to $1 in 2016.

Remittances flat in October

Dec 15, 2015 - 7:30 PM

Cash remittances sent by Overseas Filipinos are slightly up to 3 7 in the first 10 months of 2015 BSP says

UNCHANGED. BSP Governor Amando Tetangco Jr. says the amount of cash remitted by overseas Filipinos was almost unchanged at $2.23 billion in October from $2.29 billion in the same month last year.

'$5 million' in fake dollar bills seized in Bacolod

Nov 11, 2015 - 7:30 AM

The suspects are caught in an entrapment operation at a mall They are said to be getting their supplies of counterfeit dollars from Dumaguete and San Carlos

Lower remittances seen in Q3

Oct 21, 2015 - 1:29 PM

Barclays ING Bank say the weakness of regional currencies against the US dollar have been holding some overseas Filipinos from sending more money back home

PH peso pierces back to P45:$1 level

Oct 09, 2015 - 8:04 PM

PH peso closes at P45 87 to 1 October 9 the first time in nearly 2 months since the yuan devaluation and imminent US Fed interest rate hike

The Philippne peso on Friday, October 9 gained 24 centavos and pierced the P45 to $1 level. Stitched images from Shutterstock

The wRap Indonesia: Cut in fuel prices, rupiah gains

Oct 08, 2015 - 6:00 AM

Other stories include the seizure of illegally traded shark fins worsening forest fires and the possibility of a midnight curfew for Jakarta nightclubs

PAKET EKONOMI. President Joko Widodo talks about his first economic stimulus in this file photo. Photo from Twitter @Jokowi

Indonesian rupiah strong as US dollar declines

Oct 07, 2015 - 5:03 PM

The gains from Indonesia contributed to a generally confident outlook despite ongoing worries about China the world s number two economy and biggest energy user

Trade deal, easy monetary policy boost Asian stocks

Oct 06, 2015 - 12:57 PM

Analysts say the Trans Pacific Partnership deal would boost stocks in the region adding to an already upbeat mood among investors

DEAL. The Trans-Pacific Partnership will see the easing of a number of barriers, including Japan's closeted farm sector and the US car market. Japan's Prime Minister Shinzo Abe (left, seen here with US President Barack Obama) expresses hope that China would join at some point. File photo by EPA / Pete Marovich

China, US rate hike loom over global finance summit

Oct 02, 2015 - 8:02 PM

The prospect of rising US interest rates and China’s slowdown are contributing to uncertainty and higher market volatility the IMF chief says

BE CONCERNED. "There has been a sharp deceleration in the growth of global trade. And the rapid drop in commodity prices is posing problems for resource-based economies," says International Monetary Fund chief Christine Lagarde. File photo by EPA / Jim Lo Scalzo

PH external debt falls first half of 2015

Sep 18, 2015 - 9:00 PM

The central bank chief traces the decline to negative foreign exchange revaluation adjustments amounting to 2 6 billion as the US economy continues to gradually recover

LOWER. Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. says on Friday, September 18 that the country’s external debt reached $75 billion from January to June this year – $3.6 billion lower compared to $78.59 billion in the same period in 2014. Photo from the Bangko Sentral ng Pilipinas

PH peso breaches P47:$1, recovers to P46.93

Sep 08, 2015 - 7:47 PM

The weakening of the currency is not unique to the Philippines as currencies in the region continued to depreciate against the US dollar BSP Deputy Governor Diwa Guinigundo says

CLOSE CALL. The peso opens at P47 to $1 during Tuesday’s trading and hit an intraday low of P47.04 to $1 – the lowest in more than 5 years or since the peso closed at P47.10 to $1 on May 25, 2010. Stitched images from Shutterstock

PH peso likely to breach P47:$1

Aug 26, 2015 - 7:32 PM

The local currency could head toward P47 40 to P47 50 in the absence of global response to emerging markets risks and stability an analyst says

PH peso falls P46.82:$1

Aug 24, 2015 - 7:00 PM

This is the lowest in 5 years

PH peso rebounds from 3-day losing streak

Aug 13, 2015 - 7:28 PM

The exchange rate remains flexible and market determined BSP Deputy Governor Diwa Guinigundo says

China cuts yuan rate more than 1% against dollar

Aug 13, 2015 - 2:27 PM

The central bank puts the yuan s central parity rate at 6 4010 yuan for 1 0 the China Foreign Exchange Trade System says a drop of 1 11 from the previous day s 6 3306

DEVALUED. A teller counts yuan banknotes in a bank in Lianyungang, east China's Jiangsu province on August 11, 2015. AFP photo

PH peso weakens further to P46:$1

Aug 12, 2015 - 5:42 PM

Despite the newest 5 year low record BSP s Deputy Governor Diwa Guinigundo says the peso is holding its ground and is one of the least depreciated currency in the region

China further devalues yuan

Aug 12, 2015 - 10:03 AM

China cuts the value of the yuan against the dollar by 1 62 the second reduction in two days

FURTHER DEVALUED. This file picture taken on September 24, 2013 shows Chinese 100-yuan (RMB) bank notes being counted at a bank in Huaibei, in eastern China's Anhui province. AFP file photo

PH peso weakens to 5-year low

Aug 11, 2015 - 6:47 PM

The country s central bank says currencies in the region weaken after Chinese authorities devalue their tightly controlled currency

Shanghai plunge leads broad Asian decline

Jul 27, 2015 - 8:15 PM

The decline was its biggest single day drop since February 2007

epa04833258 A stock investor sits in front of an electronic screen showing stock price at a brokerage house in Beijing city, China, 06 July 2015. China's benchmark Shanghai Composite Index rose 2.41 percent, or 89 points, to finish at 3,775.91 points and the Shenzhen Component Index dropped 1.39 percent, or 170.26 points, to close at 12,075.77 points. Asian stocks traded mostly down, as investors weighed the possible fallout of Greece's vote against European bailout conditions a day earlier. China stocks, however, opened higher after a string of measures to reverse the market free-fall were announced over the weekend. EPA/WU HONG

April OFW remittances rise to $2.2B

Jun 15, 2015 - 6:15 PM

Total remittances from January April 2015 period reach 8 6B but a slight decline is still expected for the rest of the year

Dollar gains on euro after strong US data

Dec 27, 2014 - 7:57 AM

The US dollar also advances modestly against the Swiss franc and the British pound while retreating a bit against the yen after Christmas

Image courtesy of Shutterstock

Dollar gives up US GDP data gains in Asia

Dec 25, 2014 - 3:00 PM

The dollar will continue to lack the momentum to test its upside says Mizuho Securities FX strategist Kenji Yoshii

The winning investments of 2014

Dec 20, 2014 - 9:07 PM

The stellar showing of 2014’s top investments is not a guarantee they will do well in 2015 Thus diversifying your investments is still a must