peso
ARTICLE FINDER

PH external debt drops by 1.8% to $72.5 billion in Q2 2017

Sep 17, 2017 - 9:20 PM

The end-June 2017 level is also down by $5.2 billion from the same time last year

Malls seized by hungry mobs for 8-peso burger fix

Aug 28, 2017 - 5:17 PM

A local food chain’s anniversary promo sends customers stampeding in some malls across the country to get burgers at a deeply discounted price

BURGER RUSH. Mobs of customers rush to a Zark's Burgers branch to avail of their 8-peso burger promo. Photo of mob by Pauline Cabal Estrada

#ThewRap: Videos you need to watch this week, August 20-27, 2017

Aug 27, 2017 - 2:17 PM

Must watch videos from this week

RAINY WEATHER. The bad weather does not deter people from accompanying Kian delos Santos to his final destination. Photo by Eliza Lopez/Rappler

Basagan ng Trip: Why a depreciating Philippine peso might be a good thing

Aug 22, 2017 - 12:04 AM

Leloy Claudio talks about the often overlooked advantages of a depreciating Philippine peso

BSP boosts fight vs fake Philippine peso bills

Aug 06, 2017 - 12:59 AM

The Bangko Sentral ng Pilipinas says it has arrested at least 4 suspects accused of faking Philippine peso bills in the first semester of 2017

COUNTERFEITING TOOLS. Actual inventory of the seized/confiscated counterfeit 1000- and 500-peso banknotes, printing machine, scanner and printing paraphernalia found inside the house premises of suspects during the anti-counterfeiting operation on March 10, 2017. Photo by BSP.

BSP to demonetize P100,000 and P2,000 commemorative bills

Aug 01, 2017 - 6:40 PM

These limited edition banknotes will be considered demonetized starting August 1 2019

NUMISMATIC. Nonetheless, holders of the centennial commemorative banknotes may choose to keep the limited edition bills for their numismatic value. Image from BSP

The PH economy under Duterte’s watch (Year 1)

Jul 15, 2017 - 5:00 PM

Only time will tell the impact of such sweeping policies on growth inflation and unemployment But before they cause any irreversible damage to our economy their rationale and effectiveness should not escape scrutiny today

Peso breaches $1 to 50 mark again

Jun 20, 2017 - 6:54 PM

It is a reaction to external developments particularly the hawkish statements of Fed officials overnight says BSP Governor Amando Tetangco Jr

Philippine stocks, peso down on another U.S. Fed hike

Jun 15, 2017 - 8:45 PM

The US Federal Reserve s decision to raise the benchmark interest rate for the 2nd time this year is the primary market mover on Thursday June 15

ANTICIPATED. The US Federal Reserve's decision to raise interest rates for the second time this year is a move widely expected by economists and investors. Rappler file photo

Philippine peso, stock market stable despite martial law declaration

May 24, 2017 - 10:15 PM

BSP Governor Amando Tetangco Jr points out however that there may be temporary cautiousness in the next few days

Inflation to rise until Q3 of 2017 – BSP

Mar 28, 2017 - 10:52 PM

Despite global risks iinflation remains manageable and will fall within the target range by yearend says outgoing BSP chief Amando Tetangco Jr

BSP gives public more time to exchange old peso bills

Mar 23, 2017 - 6:20 PM

Filipinos now have until June 30 2017 to exchange their New Design Series NDS banknotes After June 30 these bills will have no monetary value

NEW DEADLINE. Bangko Sentral ng Pilipinas Deputy Governor Diwa Guinigundo shows old and new banknotes in a press conference. Photo by Joel Leporada/Rappler

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

#ThewRap: Things you need to know, February 28, 2017

Feb 28, 2017 - 10:32 AM

Hello Here s a round up of news you need to know this Tuesday

Senate revamp, death penalty, 2017 Oscars | Evening wRap

Feb 27, 2017 - 9:48 PM

Watch the evening newscast with Ana Arceo

Philippine peso continues to dip, hits new 10-year low

Feb 27, 2017 - 6:10 PM

The local currency slides to a fresh low again as it braces for another US Federal Reserve rate hike and awaits US President Donald Trump s new policies

FRESH 10-YEAR LOW. On Monday, February 27, Philippine peso opened weaker at P50.24 to $1 and depreciated further to an intraday low of P50.285 to $1. Rappler file photo

Tax reform may determine peso's long-term fate – expert

Feb 22, 2017 - 8:00 PM

A risk consultant says tax reform is urgently needed to generate revenue for increased spending while the country waits for major infrastructure projects

'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

Rappler Talk: Bob Herrera-Lim on the peso, worst performing currency

Feb 22, 2017 - 8:22 AM

The Philippine peso remains the worst performing currency in the Asia depreciating by as much as 5 72 this year

Peso vs dollar, CHED, Trump | Midday wRap

Feb 21, 2017 - 1:07 PM

Watch the midday newscast with Zak Yuson

#ThewRap: Things you need to know, February 21, 2017

Feb 21, 2017 - 10:32 AM

Hello Here s a round up of news you need to know this Tuesday

Philippine peso now at its weakest in a decade

Feb 20, 2017 - 7:10 PM

The local currency s performance on Monday February 20 is the weakest since the P50 32: 1 level recorded on September 26 2006

WEAKEST. This is Philippine peso's weakest close in a decade. Rappler file photo

PH peso closes at P50 to $1, stocks dip on external uncertainties

Feb 17, 2017 - 7:26 PM

Due to the uncertainty of another rate increase by the US Federal Reserve next month the local currency closes at P50 to 1 its weakest in a decade

GLOBAL HEADWINDS. Aside from uncertainty of another rate increase by the US Federal Reserve next month, BSP officer-in-charge Diwa Guinigundo cites the strong demand for US dollars from corporations. Rappler file photo

Is your peso really just worth 67 centavos today?

Jan 29, 2017 - 6:45 PM

Here s why fears about your peso s diminished value are overblown

A street vendor counts Philippine peso currency in Manila on September 13, 2012. The Philippine central bank kept its key interest rates unchanged on September 13, saying the global inflation outlook remained muted as recession flattens demand for oil and other commodities. AFP PHOTO / JAY DIRECTO / AFP PHOTO / JAY DIRECTO

Philippine stocks, peso flat on GDP results

Jan 26, 2017 - 7:50 PM

Net foreign selling is recorded at P309 979 million during the session on Thursday January 26

WITHIN CONSENSUS. Markets traded rather flat as the 2016 GDP came out within expectations this morning, economist says

Due to Trump? Filipinos in U.S. sending more money home

Jan 17, 2017 - 7:04 PM

Anticipated protectionist policies in the US the peso depreciation and other factors cause the spike in remittances to the Philippines

OF REMITTANCES. Although the impact could be minimal, economists say the spike in remittances possibly responds to Trump's protectionist campaign promises

How did the PH economy perform in 2016?

Dec 26, 2016 - 11:12 AM

Too many game changing events happened in 2016

PH peso nears P50 again

Dec 20, 2016 - 8:25 PM

This is its weakest level in over a decade or since closing at P50 12 to 1 on November 16 2006

WEAKEST. This was its weakest level in over a decade or since closing at P50.12 to $1 in Nov. 16, 2006. Rappler file photo

#ThewRap: Things you need to know, December 15, 2016

Dec 15, 2016 - 11:07 AM

Hello Here are the stories you shouldn t miss this Thursday

Peso bills with Duterte's signature out next week

Dec 14, 2016 - 8:10 PM

The Bangko Sentral ng Pilipinas also reminds the public that it only has until the end of this month to replace old banknotes with the New Generation Currency NGC bills

D&L targets up to 19% net income growth in 2017

Nov 30, 2016 - 2:08 PM

The stronger dollar will help boost the company’s export revenues which now account for about 18 of total revenues

EXPORTS GROWING. D&L will be allotting about P345 million to P360 million for capital expenditures up from the P300 million targeted capital spending for this year. Screenshot from www.dnl.com.ph

Philippine peso strengthens anew against dollar

Nov 28, 2016 - 6:15 PM

The local currency ends stronger for the 2nd straight trading day closing at P49 710: 1 on Monday following Friday s P49 840: 1

AN ADVANTAGE? While the weaker peso means higher debt servicing for the government, it is 'positive' for some firms whose revenues are denominated in US dollars. Rappler file photo

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

Weakening peso 'positive' for Philex Mining, PLDT

Nov 25, 2016 - 1:26 PM

While the weaker peso means higher debt servicing for the government it is positive for some firms whose revenues are denominated in US dollars

A BOON. Of all his businesses, Manuel V Pangilinan says Philex Mining is the "main beneficiary" of the depreciating peso. Rappler file photo

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

PH peso weakens further on heightened Fed hike worries

Nov 22, 2016 - 8:40 PM

The local currency remains generally weak slumping to its worst level since November 20 2008 when it ended at P49 999: 1

FRESH 8-YEAR LOW. The local currency ends at P49.85:$1 on Tuesday, weaker than the P49.83:$1 on Monday, November 21. Rappler file photo

Japan quake, Marcos burial, peso drop | Midday wRap

Nov 22, 2016 - 2:12 PM

Watch the midday newscast with Zak Yuson

PH peso sinks to fresh 8-year low of P49.83:$1

Nov 21, 2016 - 8:45 PM

This is the same level when the peso traded at P49 83: 1 on November 24 2008 – the height of the global financial crisis

8-YEAR LOW. On Monday, November 21, the local currency ended at P49.830:$1, weaker from P48.78:$1 on Friday, November 18.

PH net inflow of 'hot money' hits $60 million

Nov 18, 2016 - 3:51 PM

October’s net inflow of foreign portfolio investments is a dramatic turnaround from the 807 million net outflow seen in September

PH peso sinks to near 8-year low of P49.20 to $1

Nov 14, 2016 - 9:00 PM

The November 14 closing is the Philippine peso s weakest level against the US dollar since December 4 2008

8-YEAR LOW. It was the peso's weakest level against the US dollar since December 4, 2008, where it closed at P49.370:$1.

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

Del Rosario: Count economic cost of shift in foreign policy

Sep 29, 2016 - 5:05 PM

In foreign affairs you try to get as many friends as possible You don t get one friend at the expense of another friend says former Philippine foreign secretary Albert del Rosario

PH peso weakest in region, but not alarming for economic managers

Sep 28, 2016 - 8:39 PM

For the country s economic team the Philippines has enough buffers to survive the external headwinds

EXTERNALLY DRIVEN. The country's economic team says economic fundamentals remain favorable and that the recent peso weakness was externally driven. File photo from Agence France-Presse

Diokno contradicts Duterte: No US manipulation of PH peso

Sep 28, 2016 - 6:35 PM

It s a rational behavior of short term investors says Budget Secretary Benjamin Diokno

NO US MANIPULATION. Budget Secretary Benjamin Diokno says there is no US manipulation of Philippines peso, as earlier alleged by President Rodrigo Duterte. Photo by Camille Elemia/Rappler

Bilibid riot, Recto, Peres | 12PM wRap

Sep 28, 2016 - 2:01 PM

Watch Rappler s 12PM newscast

Recto to Duterte: Strong words can scare investors

Sep 28, 2016 - 8:00 AM

Senate Minority Leader Ralph Recto urges President Rodrigo Duterte to treat the US and other allies well to avoid having a chilling effect on investors

PH stocks continue to sink, peso slightly recovers

Sep 27, 2016 - 8:45 PM

Some analysts say the continuous outflow of hot money from the equities market is mainly because of global developments

GLOBAL DEVELOPMENTS OR DUTERTE? Philippine stocks continue to decline while the Philippine peso recovers from a two-day losing streak

Yasay, De Lima, Diokno | 6PM wRap

Sep 27, 2016 - 8:33 PM

Watch Rappler s 6PM newscast