devaluation - updates

Rappler's latest stories on devaluation

ARTICLE FINDER

For the 8th time, key interest rates still unchanged

Sep 24, 2015 - 7:30 PM

The benign inflation outlook also provides ample room to keep monetary policy settings unchanged at this time

PH balance of payments books biggest deficit

Sep 18, 2015 - 5:17 PM

August s balance of payments at 450 million is the biggest since January 2014 when the country books a deficit of 4 48 billion

EXTERNAL FACTORS. The country’s BOP position in August reflects the decision of the People’s Bank of China to devalue the Chinese yuan on August 11 and the blood bath in the global stock market on August 24. File photo from Agence France-Presse

Asia-Pacific finance ministers vow to shun competitive devaluation

Sep 12, 2015 - 9:57 AM

We will refrain from competitive devaluation and resist all forms of protectionism say APEC finance ministers in a statement

UNVEILED. APEC finance ministers unveil a marker to commemorate the Cebu Action Plan. The work of Toym Imao, the marker is a 4-meter tall sculpture of pounded brass on 4 black granite pedestals representing the plan's pillars. Photo from the Department of Finance

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

Worst may be over for PH stocks

Aug 26, 2015 - 12:20 PM

A GDP number over 5 7 will probably entice buyers back to the market analysts say

PH peso falls P46.82:$1

Aug 24, 2015 - 7:00 PM

This is the lowest in 5 years

PH warns vs using exchange rate as trade tool

Aug 23, 2015 - 11:16 PM

We must be mindful of the trade offs involved in using the exchange rate as a trade tool to boost competitiveness Finance Secretary Cesar Purisima says

Chinese yuan devaluation, 'big win' for PH BPO industry

Aug 21, 2015 - 3:00 PM

The Chinese yuan devaluation weakened the peso against the US dollar providing more value to foreign based companies invested in the Philippines CBRE Philippines says

FACTORS. CBRE Philippines' Rick Santos explains the macro economic factors that contribute to real estate's continued rise. Photo by Chris Schnabel / Rappler

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

BSP maintains policy rates, lowers inflation forecast

Aug 13, 2015 - 6:16 PM

Given firm domestic demand the BSP apparently considers that the Philippine economy does not require additional stimulus from monetary policy

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

NPC-Poe talks, Iqbal on BBL, China devaluates yuan| 12PM wRap

Aug 12, 2015 - 12:31 PM

Watch the 12PM edition of Rappler s newscast The wRap

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

China's yuan devaluation rattles forex market

Aug 12, 2015 - 7:50 AM

China s central bank devalues its yuan currency by nearly 2 against the US dollar as authorities say they are seeking to push market reforms in a one time move

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 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

Venezuela devalues currency 32% against US dollar

Feb 09, 2013 - 9:44 AM

This will cause the bolivar to hit 6 3 to the dollar at the official exchange rate