THE PESO sank to the P55-per-dollar level on Tuesday as January headline inflation was faster than expected and amid hawkish signals from the US Federal Reserve. The local currency closed at P55.085 versus the greenback on Tuesday, declining by 69.5 centavos from Monday’s P54.39 finish, data from the Bankers Association of the Philippines showed. The […]
HEADLINE INFLATION likely cooled in January as weaker demand, the peso’s appreciation against the US dollar, and slower growth in food prices offset the rise in utility rates and pump prices. Read the full story.
THE PESO was steady versus the greenback on Wednesday as the September inflation print remained in line with market expectations. The local unit closed at P58.65 per dollar on Wednesday, unchanged from its Tuesday finish, Bankers Association of the Philippines data showed. The peso opened Wednesday’s session stronger at P58.60 versus the dollar. Its weakest […]
INFLATION climbed to its highest level in nearly four years in June, further eroding the purchasing value of the peso to a record low, the Philippine Statistics Authority (PSA) said on Tuesday. Read the full story.
THE PESO sank to a new near 17-year low against the dollar as data released on Tuesday showed headline inflation was above 6% in June. — BW FILE PHOTO THE PESO hit a new near 17-year low against the dollar on Tuesday following the release of data showing June headline inflation was at 6.1%, an […]
STOCKS climbed further on Tuesday on bargain hunting and despite the release of data showing headline inflation was at a near four-year high in June. The bellwether Philippine Stock Exchange index (PSEi) rose by 126.37 points or 2.04% to close at 6,309.99 on Monday, while the broader all shares index went up by 50.24 points […]
THE GOVERNMENT partially awarded the fresh Treasury bonds (T-bonds) it offered on Tuesday as investors asked for higher yields in anticipation of a central bank hike in the second half. The Bureau of the Treasury (BTr) raised just P25.791 billion via the fresh three-year T-bonds it auctioned off on Tuesday, less than the programmed P35 […]
The headline is the most important part of their news release published on SEAPRWire. Do NOT take this lightly. If their headline doesn’t work, then that poignant quote from their CEO in paragraph 3 or even that big announcement in the first sentence do not matter – because they are much less likely to get […]
THE Bangko Sentral ng Pilipinas (BSP) said it is monitoring the markets for any possible second-round effects resulting from rising oil prices, particularly their impact on inflation, though it called such an eventuality unlikely in the near term. The Monetary Board of the central bank has taken into account the effect of higher oil prices […]