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Peso edges sideways on US data, tax reform

THE PESO moved sideways against the dollar on Friday, with strong US data and the passage of the tax reform plan in the world’s...

Peso returns to P50:$1 on strong Q3 GDP data

THE PESO returned to the P50-per-dollar level on Thursday on the back of the country’s stronger-than-expected third quarter gross domestic product (GDP) growth print. The...

Moody’s Investors Service assigns investment-grade rating to UnionBank

MOODY’S Investors Service has assigned an investment-grade rating to Aboitiz-led UnionBank of the Philippines (UnionBank) with a “stable” outlook in line with the country’s...

Peso climbs to one-month high ahead of PHL growth, US data

THE PESO ended stronger against the dollar yesterday amid weak expectations for US consumer price index (CPI) data due for release last night. The local...

Peso strengthens against dollar ahead of US data

THE PESO moved sideways against the greenback on Tuesday ahead of US economic data. The local currency closed at P51.18 against the dollar yesterday, 2.5...

BSP net income falls on lower fee-based revenues

By Melissa Luz T. Lopez, Senior Reporter THE CENTRAL BANK’S operations remained profitable as of end-September, although net income slipped from a year ago on the...

Peso gains against US dollar

THE PESO moved sideways yesterday against the dollar, as market players took profits. The local currency closed at P51.205 against the greenback on Monday, gaining four...

Peso seen climbing on GDP data

THE PESO is expected to strengthen against the dollar this week as strong third quarter Philippine economic growth, as well as weak US developments,...

Peso strengthens on dollar unwinding ahead of long weekend

THE peso strengthened slightly on Friday amid optimism over the economy’s prospects and as the long weekend prompted the unwinding of long-dollar positions. The peso...

Peso rises against dollar

THE PESO moved sideways against the dollar on Thursday due to growing concerns over the passage of the tax reform measure in the US. The...