THE PESO climbed to a new seven-month high against the dollar on Thursday as the Philippine gross domestic product (GDP) growth was above target in 2022. The local currency closed at P54.40 versus the greenback on Thursday, rising by 23 centavos from Wednesday’s P54.63 finish, data from the Bankers Association of the Philippines showed. This […]
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Peso weakens vs the dollar as UK, euro zone data spark recession fears
THE PESO weakened against the dollar on Wednesday amid weaker manufacturing data in Europe that roused fears of a global recession. The local currency closed at P54.63 versus the greenback on Wednesday, dropping by 19.5 centavos from Tuesday’s P54.435 finish, data from the Bankers Association of the Philippines showed. The peso opened Wednesday’s trading session […]
Peso rises to seven-month high as market awaits Fed meeting
THE PESO climbed to a seven-month high against the dollar on Tuesday on expectations of discussions of a pause in tightening at the US Federal Reserve’s review next week. The local currency closed at P54.435 versus the greenback on Tuesday, climbing by 10.5 centavos from Monday’s P54.54 finish, data from the Bankers Association of the […]
Peso may rise vs dollar on US CPI data
THE PESO is expected to continue rising against the dollar this week as investors price in US consumer inflation data that bolstered hopes of smaller rate hikes from the US Federal Reserve. The local unit closed at P54.89 per dollar on Friday, strengthening by 40 centavos from its P55.29 finish on Thursday, Bankers Association of […]
Holger Rune ready to rock the boat at Australian Open
MELBOURNE — Holger Rune heads into the Australian Open as the last man to beat favorite Novak Djokovic and the Danish teenager is ready to take the fight to the established order at the year’s first Grand Slam, which starts on Monday. The 19-year-old won three titles in 2022 including his first ATP Masters 1000 […]
Man nabbed for P7.1 million shabu in Liloan town
A 21-YEAR-OLD man was arrested in a drug bust in Barangay Tayud, Liloan town, northern Cebu for having in his possession P7.1 million worth of illegal drugs. Operatives of Provincial Intelligence Unit of the Cebu Police Provincial Office (CPPO) headed by Lieutenant Colonel Lester Eteroza conducted the operation that led to the arrest of Rafael […]
Peso climbs further vs dollar as Powell avoids policy outlook talk
THE PESO rose further against the dollar on Wednesday to post a fresh six-month high after US Federal Reserve Chair Jerome H. Powell avoided commenting on his monetary policy outlook in scheduled remarks on Tuesday and following strong data on foreign direct investments (FDI) in the Philippines. The local currency closed at P54.80 versus the […]
Peso climbs to over six-month high vs dollar
THE PESO strengthened to an over six-month high against the dollar on Tuesday as weak services activity data and expectations of easing inflation out of the United States fueled hopes of smaller rate hikes from the US Federal Reserve. The local currency closed at P54.87 versus the greenback on Tuesday, climbing by 24 centavos from […]
Peso slips vs dollar on mixed data
THE PESO slipped against the dollar on Tuesday amid reduced flows after the holidays and mixed economic data. The local currency closed at P55.79 versus the greenback on Tuesday, inching down by 3.5 centavos from Dec. 29’s close of P55.755, data from the Bankers Association of the Philippines showed. The peso opened Tuesday’s trading session […]
Peso drops to near one-month low
THE PESO declined to a near one-month low on Wednesday, returning to the P56 level against the dollar, on less need for cash as the holiday season nears its end. The local currency closed at P56.20 versus the greenback, down by 30 centavos from Tuesday’s P55.90 close, data from the Bankers Association of the Philippines […]
Peso slumps as oil prices rise on demand hopes
THE PESO weakened against the dollar on Tuesday due to rising oil prices following China’s easing of its coronavirus disease 2019 (COVID-19) restrictions. The local currency closed at P55.90 versus the greenback, slumping by 75 centavos from Friday’s P55.15 close, data from the Bankers Association of the Philippines showed. The peso opened the session at […]
SEC files criminal complaint against four lending companies
THE Securities and Exchange Commission (SEC) brought four lending companies before the Department of Justice (DoJ) for criminal prosecution for operating unregistered online lending platforms (OLPs). In a press release, the regulator’s Enforcement and Investor Protection Department (EIPD) filed on Dec. 20 a criminal complaint against Suncash Lending Investors Corp., UCash Lending Investors Corp., Suncredit.ph […]
Azkals eye full points versus lowly Brunei team
Match Today (Rizal Memorial Stadium) 6 p.m. — Philippines vs Brunei THE PHILIPPINE Azkals set out for a bounceback victory against unheralded Brunei today at the familiar grounds of Rizal Memorial Stadium to revive their bid in the AFF Mitsubishi Electric Cup. After sustaining a stunning 3-2 loss to old prey Cambodia over in Phnom […]
Anti-graft court acquits Dumanjug mayor
THE Sandiganbayan Fourth Division has acquitted Dumanjug Mayor Efren Guntrano “Gungun” Gica of graft and malversation charges following allegations that he tampered with a restaurant receipt in 2014. In a 36-page decision issued on Dec. 9, 2022, Associate Justice Michael Frederick Musngi said they acquitted Gica of the charges filed against him for violating Republic […]
Borres vs. Daham headlines NoGi Submission Grappling
MMA fighter Jestoni Borres and Eid Daham face each other in the main event of NoGi Submission Grappling Invitational on Monday, Dec. 12, 2022, at the Strive CCA Gym in Mandaue City. Borres, who trains out of Cebu Jiujitsu, is a boxer and an MMA fighter. He’s a blue belt in Brazilian Jiujitsu (BJJ). Daham […]
24 nabbed in drive vs. e-sabong in Cebu
THE Cebu Police Provincial Office (CPPO) has intensified its drive against e-sabong after Camp Crame ordered a crackdown on the online/remote or off-site betting on live cockfighting matches in the entire country. Then President Rodrigo Duterte ordered all e-sabong operations suspended last May following the disappearance of 34 cockfighting enthusiasts who allegedly remain missing up […]
UN: Philippines lacks trained staff vs child abuse
THE UNITED Nations (UN) special rapporteur on the sale and sexual exploitation of children on Thursday said the Philippines lacked trained officials at the village level to monitor reports of child sexual abuse. “I am concerned that local government politics negatively impacts the child protection structure due to regular changes of personnel,” Mama Fatima Singhateh, […]
Over 24,000 nabbed for drugs under PBBM; over 90 killed
MORE than 24,000 drug personalities have been arrested under the administration of President Ferdinand “Bongbong” Marcos Jr. (PBBM) so far, underscoring its determination to continue his predecessor’s relentless war on drugs but with a greater focus on demand reduction, the Department of the Interior and Local Government (DILG) said. Human Rights Watch, however, said the […]
Tell it to SunStar: Decriminalization of cyber libel, libel pushed, after guilty verdict vs. Cordillera indigenous people’s leader
Human rights alliance Karapatan decried on Friday, Dec. 2, 2022 the guilty verdict of Baguio City Regional Trial Court Branch 59 against Cordillera People’s Alliance secretary-general Sarah Dekdeken in the cyber-libel charges against her by former Cordillera Police Chief R’win Pagkalinawan. The group said that her case is “proof that cyber libel and libel laws […]
Wounded Pulisic sends United States through to last 16
CHRISTIAN Pulisic could not even celebrate scoring against Iran after he injured himself as the United States beat Iran 1-0 Tuesday in an entertaining Group B decider to storm into the last 16 of the World Cup. Needing a win to reach the knockout stages, the Americans were relentless in attack in a high-tempo game […]