Peso climbs further as dollar weakens amid slowdown fears

THE PESO strengthened on Thursday amid broad dollar weakness due to concerns over the health of the world’s largest economy. The local currency closed at P54.45 versus the greenback on Thursday, appreciating by 35 centavos from Wednesday’s P54.80 finish, data from the Bankers Association of the Philippines showed. The peso opened Thursday’s trading session slightly […]

DENR issues cease-and-desist order against miner Altai

THE Department of Environment and Natural Resources (DENR) has issued a cease-and-desist order against the Altai Philippines Mining Corp. (APMC) following an alleged breach of environmental regulations at its nickel exploration site in Romblon. The joint order issued by the DENR office in the Mimaropa (Mindoro, Marinduque, Romblon, Palawan) region on Monday also suspends the […]

PHL deports 2 of 4 Japanese fugitives charged with robbery, fraud 

THE PHILIPPINES deported on Tuesday two of four high-profile Japanese fugitives allegedly involved in a robbery scheme in Tokyo, following the dismissal of their cases in Manila, according to a statement released by the Department of Justice.   “Today, we deport Imamura Kiyoto and Fujita Toshiya as they have been cleared of any legal impediment,” Justice […]

Peso down vs dollar on strong job data

THE PESO slumped against the dollar on Monday following the release of stronger-than-expected US labor data. The local currency closed at P54.39 versus the greenback on Monday, declining by 71 centavos from Friday’s P53.68 finish, data from the Bankers Association of the Philippines showed. The peso opened Monday’s trading session at P54.15 per dollar. Its […]

Peso down on inflation bets

THE PESO dropped further against the dollar on Tuesday after the Bangko Sentral ng Pilipinas (BSP) said inflation likely remained elevated in January. The local currency closed at P54.64 versus the greenback on Tuesday, declining by 9.5 centavos from Monday’s P54.545 finish, data from the Bankers Association of the Philippines’ website showed. The peso opened […]

PHL Justice dept to expedite local cases vs 4 Japanese sought for deportation by Japan    

THE PHILIPPINE Justice department has promised the Japanese government that it will expedite the deportation of four detained Japanese nationals who are suspected of masterminding a series of robberies in their home country.   Justice Secretary Jesus Crispin C. Remulla, at a press briefing streamed live on Facebook on Tuesday, said three of the suspects cannot […]

Peso weakens vs dollar

THE PESO weakened against the dollar on Monday after China’s cabinet pledged support for the economy’s recovery. The local currency closed at P54.545 versus the greenback on Monday, declining by 7.5 centavos from Friday’s P54.47 finish, data from the Bankers Association of the Philippines showed. The peso opened Monday’s trading session at P54.55 per dollar. […]

SEC warns against six investment-taking entities

THE Securities and Exchange Commission (SEC) in separate advisories warned the public against the investment-taking activities of six entities that are not registered as a corporation or a partnership. The commission identified them as PPG Investment Group, Livewell Multi-Ventures, BlackRock, Perfx Solution Corp., Trading Basket, and Flipkart. All are not authorized to solicit investments from […]

US lawsuit against Google could benefit Apple and others

A landmark lawsuit by the US Justice Department against Alphabet’s Google over its dominance of advertising technology could help rivals and websites that sell ad space, but leaves an uncertain future for the advertisers themselves, experts told Reuters. The Justice Department’s complaint against Google on Tuesday called for the company to divest Google Ad Manager, […]

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 […]