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THE PESO weakened against the dollar to hit a fresh 12-year low due to continuous corporate demand for the dollar as well as the negative statement of US President Donald J. Trump against the European Union (EU).
THE PESO ended flat against the dollar on Thursday following upbeat US producer price data and renewed trade tensions between China and the US.
STATE-RUN Credit Information Corp. (CIC) is reluctant to accredit more credit bureaus as Filipinos’ access to formal lending institutions remains low.
THE GOVERNMENT partially awarded the Treasury bills (T-bill) it placed on the auction block on Monday, with yields on the longer tenors climbing as investors expect the central bank to hike interest rate following the faster-than-expected June inflation print.
THE PESO strengthened a tad against the dollar on Monday following the release of unemployment data in the United States last Friday.
THE PESO will likely move sideways against the dollar this week on the back of likely mixed economic data in the United States and as well as potentially weak Philippine trade figures.
THE Philippines’ two major pension funds have signed social security arrangements (SSAs) with Germany and Japan to extend benefit coverage to Filipino residents of that country.
THE Insurance Commission (IC) has suspended the operations of pre-need firm Paz Life Plan, Inc. after it failed to comply with the capitalization requirement.
THE Insurance Commission (IC) has suspended the operations of pre-need firm Paz Life Plan, Inc. after it failed to comply with the capitalization requirement. In...
THE PESO weakened anew on Monday as the dollar strengthened due to lingering trade war concerns and following upbeat personal consumption data in the United States.
INFRASTRUCTURE and other capital outlays continued to surge in May, the Department of Budget and Management (DBM) said on Wednesday, backing projections that gross domestic product (GDP) growth caught up with the official target this quarter.