yuan - updates

Rappler's latest stories on yuan

ARTICLE FINDER

China will not devalue renminbi to spur exports – central bank chief

Mar 10, 2019 - 5:36 PM

'We will never use the exchange rate for the purpose of competition, nor will we use the exchange rate to increase China's exports,' says People's Bank of China Governor Yi Gang

Photo from Shutterstock

China's currency becomes key issue in U.S. trade talks

Mar 03, 2019 - 11:21 AM

US President Donald Trump last week said 'we have a deal' with China on the currency

YUAN ON THE TABLE. Trade talks between the United States and China continue with a currency now part of the talks. File photo by Brian Blanco/Getty Images/AFP

Taiwan unveils new drone as tensions with China mount

Jan 24, 2019 - 4:57 PM

Taiwan's navy shows off its new, long-range surveillance drone, the 'Rui Yuan' (Sharp Hawk), which officials say can fly for 12 hours and is now helping to monitor movements in the disputed strait between Taiwan and China

A navy serviceman stands guard next to an indigenously-made Rui Yuan unmanned aerial vehicle (UAV) during a military exercise at the Pingtung Air Force Base in southern Taiwan on January 24, 2019.  SAM YEH / AFP

China confirms death of ex-gov't spokesman who denied Tiananmen deaths

Dec 26, 2018 - 9:03 PM

Yuan Mu defended the Chinese government after soldiers of the People's Liberation Army fired on unarmed pro-democracy protesters

MORE KILLED? An activist sits in front of a poster of the 'Tank Man' a popular figure related to the bloody Tiananmen Square crackdown in 1989. File photo by Anthony Wallace/ AFP

Chinese research vessel docks in Davao

Jul 17, 2018 - 12:09 PM

(3rd UPDATE) Yuan Wang 3, which arrived in President Rodrigo Duterte’s hometown on July 16, is used for tracking and support of satellite and intercontinental ballistic missiles, according to tracking web sites

'ROUTINE.' The Chinese research vessel 'Yuan Wang 3' docks at the Sasa Wharf in Davao City July 16-19, 2018 – an activity that the Philippine Navy says is routine, but which alarms Duterte administration critics. Photo by Manman Dejeto/Rappler

PH, Bank of China seal deal for $200-M 'Panda bond' offering

Nov 17, 2017 - 4:57 PM

The Philippine government will be the issuer while the Bank of China will be the lead underwriter in a 1.2 billion RMB offering aimed at Chinese investors

Taiwan acquits 2 over deadly 2014 TransAsia crash

Jun 02, 2017 - 3:11 PM

The main cause of the accident was because the flight crew did not follow the standard landing procedures the Penghu district court says in a statement

OVER 2 YEARS AFTER. In thisl file photo, a local resident walks past the tail section of TransAsia Airways flight GE222 as rescue workers and firefighters search through the wreckage the morning after it crashed near the airport at Magong on the Penghu island chain on July 24, 2014. File photo by Sam Yeh/AFP

Uang rupiah baru disamakan dengan yuan, apa kata Bank Indonesia?

Dec 22, 2016 - 1:04 PM

Berdasarkan survei BI 90 persen dari jumlah responden masyarakat membedakan masing masing pecahan uang dari warnanya

RUPIAH. Petugas Bank Indonesia melayani warga untuk menukarkan uang rupiah baru usai diluncurkan di kantor Bank Indonesia Medan, Sumatera Utara, pada 19 Desember 2016. Foto oleh Septianda Perdana/Antara

PH foreign reserves down to $85.75B in October

Nov 07, 2016 - 9:25 PM

Reserves are down due to debt payments and the lower global price of gold but these can still cover 10 months worth of imports says the Bangko Sentral ng Pilipinas

BSP adds Chinese RMB to PH's foreign reserve currencies

Oct 24, 2016 - 6:38 PM

The move means that the Bangko Sentral may now hold the currency to ensure it s available when needed

China cuts yuan fix in biggest move since devaluation

Jun 27, 2016 - 1:45 PM

The People s Bank of China sets the value of the yuan at 6 6375 to the dollar the lowest level since December 23 2010

epa04879688 A Chinese fruit vendor shows her store earnings in various denominations of the Chinese Yuan, or Renminbi, currency in Beijing, China, 11 August 2015. The yuan has sunk to the lowest trading price in a decade after China's central bank devalued the currency on 11 August to aid a slowing economy. The People's Bank of China set the daily mid-point yuan trading price a record 1.9 per cent weaker at 6.2298 to the US dollar. EPA/ROLEX DELA PENA

China's industrial output growth wanes

Mar 12, 2016 - 3:40 PM

UPDATED After having the slowest growth since 2008 Premier Li Keqiang set the target growth at 6 5 to 7 but acknowledges that China will face a tough challenge this year

Taiwan 'shocked, saddened' by citizen's slay of Filipina wife

Feb 27, 2016 - 11:04 PM

Earlier this week Rowena Kuo s dismembered body was found in her Makati home Her Taiwanese husband has been arrested

MURDERED. The dismembered body of Rowena Kuo was found earlier this week. Police have arrested her Taiwanese husband. Graphic by Ernest Fiestan/Rappler

Jollibee buys out partner in China's Happy Bee

Feb 24, 2016 - 7:41 PM

This is to support the continued growth of its flagship restaurant Yonghe Kong in China its largest food business in that market

BUY OUT. Prior to the acquisition, Jollibee owns 70% interest in Happy Bee, which operates a manufacturing facility in Anhui, China

China official says no plans to devalue yuan

Jan 22, 2016 - 12:43 PM

I hope the rest of the world can boost confidence and have more confidence in China says Vice President Li Yuanchao

'MORE CONFIDENCE IN CHINA.' Chinese Vice President Li Yuanchao at the 46th Annual Meeting of the World Economic Forum, WEF, in Davos, Switzerland, 21 January 2016. Photo by Laurent Gillieron/EPA

China’s economy, pork barrel scam, Duterte on TV ads | 12PM wRap

Jan 08, 2016 - 12:18 PM

Watch the 12PM edition of Rappler s newscast The wRap

BSP eyes increasing yuan investments

Dec 02, 2015 - 5:26 PM

Investing in the yuan remains an option for the central bank in line with its diversification policy

OPTION. But investing in the yuan continues to be an option for the BSP, in line with its diversification policy to enhance the returns of international reserves, as well as to diversify the currency composition, BSP Governor Amando Tetangco Jr says. File photo from Agence France-Presse

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

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

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

Philippine electronics body abandons 2015 growth target

Sep 02, 2015 - 5:33 PM

SEIPI slashes its full year growth projection due to the downturn in major market China

SLOWER GROWTH. The Philippines saw electronics export earnings in 2014 to increase by 9.02% to $61.81 billion, much higher than SEIPI's slashed 2015 growth target

When the ghosts start haunting us

Aug 31, 2015 - 4:30 PM

There is no correlation between the ghost month and the rise or fall of the stock market It was the meltdown of China triggering the massive sell offs

BLOODY RED. August 24, 2015 was bloody. The local equity market had its third largest one-day decline in the past decade

Chinese tourists unfazed by currency fall, market turmoil

Aug 30, 2015 - 1:59 PM

Aviation industry body: The short term outlook for Chinese outbound visitors remains strong and the long term is bright

PHOTO OP. Chinese tourist Pei Shuang, 43, takes a photo with her tablet computer inside the Royal Palace in Phnom Penh on February 4, 2015. Tang Chhin Sothy/AFP

Keep calm when buying, selling stocks

Aug 29, 2015 - 9:09 AM

The plunge in Philippines stocks early this week saw a wave of panic among investors Thus it s important to pause and consider 4 things before you buy or sell stocks

Philippines' Q2 GDP growth rises to 5.6%

Aug 27, 2015 - 10:30 AM

2ND UPDATE Although below expectations the growth is respectable and still makes the Philippines an attractive market says NEDA chief Arsenio M Balisacan

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

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

Markets rally fizzles in US as China worries persist

Aug 26, 2015 - 10:01 AM

The global markets rebound fizzle out on Wall Street as investors lock in gains and take cover from more possible turmoil

LOOMING LARGE. A view of a board on the floor of the New York Stock Exchange at the start of the trading day in New York, New York, USA, August 25, 2015. Justin Lane/EPA

Unlike '97, Asian economies expected to bend, not break

Aug 25, 2015 - 7:00 AM

Painful lessons learned 18 years ago have left Asian economies far more able to withstand severe shocks economists say

PH peso falls P46.82:$1

Aug 24, 2015 - 7:00 PM

This is the lowest in 5 years

China sparks fresh global stock market rout

Aug 24, 2015 - 4:11 PM

UPDATED Chinese stocks have tumbled since peaking in mid June and authorities have launched broad interventions to try to restrain the drops but concerns over stalling growth and doubts about valuations continue to drag

An investor gestures in front of screens showing share prices at a securities firm in Hangzhou, in eastern China's Zhejiang province on August 24, 2015. AFP photo

Philippine stocks plunge 6.7% amid global equities rout

Aug 24, 2015 - 2:06 PM

UPDATED The August 24 plunge is the 11th biggest recorded drop for the PSE Index as total market capitalization declines P764 44 billion Monday

In this file photo, traders at the Philippine Stock Exchange look at the electronic board in Manila's financial district on July 6, 2015. Jay Directo/AFP

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 balance of payments exceeds 2015 target

Aug 19, 2015 - 5:12 PM

BSP Deputy Governor Diwa Guinigundo says the surplus recorded in the first 7 months of 2015 already surpassed the BOP target of 2 billion

PH sustains hot money inflows in 7 months

Aug 15, 2015 - 1:52 PM

Hot money outflows however decline by 2 2 to 12 99 billion from 13 28 billion

SAFE HAVEN. Philippines serves as a safe haven for investors following a downturn in the US economy and the Euro area

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

Devaluasi yuan, waspada serbuan barang impor dari Tiongkok

Aug 13, 2015 - 9:32 AM

Nilai tukar yuan yang terdepresiasi pasca devaluasi PBOC akan membuat harga barang impor dari negeri tirai bambu menjadi semakin kompetitif

Mata uang berbagai negara Asia di bawah sebuah kalkulator. Foto oleh David Chang/EPA

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

Agar rupiah tak tembus Rp 14.000

Jul 30, 2015 - 1:40 PM

Salah satu cara mencegah pelemahan rupiah adalah dengan menaikkan suku bunga

Mata uang rupiah mencapai titik terendah sejak krisis moneter 1998. Foto oleh: AFP

PH peso 2nd least volatile Asian currency so far in 2015

Jul 14, 2015 - 11:44 PM

The peso has moved within acceptable range despite the Greek bailout and China’s stock market collapse

SEA Games: Philippines settles for silver in Men’s Team Foil

Jun 07, 2015 - 8:20 PM

The Philippine team consisting of Nathaniel Perez and Wilfred Curioso settle for the silver medal after falling to Singapore

Nathaniel Perez (L) in action against Singapore. Photo by Singapore SEA Games Organising Committee/Action Images via Reuters

How China is upsetting the old global economic order

Apr 19, 2015 - 9:29 AM

After decades of closely controlling its currency the renminbi or yuan China is now moving to internationalize it and asking that it be included in the IMF s benchmark basket of major currencies

File photo by AFP/Peter Parks