AmCham presses DTI to ‘regularly’ publish SRP bulletins

THE AMERICAN Chamber of Commerce of the Philippines, Inc. (AmCham) pressed the Department of Trade and Industry (DTI) to publish suggested retail price (SRP) bulletins for basic necessities and prime commodities on a regular basis to help manufacturers manage their operations.      AmCham Executive Director Ebb Hinchliffe, in a letter dated Jan. 20 addressed to Trade […]

Solon calls for suspension of SSS, PAG-IBIG rate hike after PhilHealth

AN OPPOSITION lawmaker on Tuesday called on Malacañang to suspend the scheduled contribution rate hikes for the private sector pension fund and the shelter financing fund, following the deferment of health insurance contribution increase.   House Deputy Minority Leader Rep. France L. Castro said the Social Security System (SSS) and the Home Development Mutual Fund or […]

BSP to match Fed’s 75-bp rate hike

By Keisha B. Ta-asan, Reporter THE BANGKO SENTRAL ng Pilipinas (BSP) said it plans to raise its key policy rates by 75 basis points (bps) at its next meeting, matching the US Federal Reserve’s latest monetary tightening. The Fed delivered its fourth straight 75-bp rate increase on Wednesday, as it continues to fight persistent inflation. […]

Peso sinks ahead of Fed decision

THE PESO weakened versus the dollar on Wednesday on expectations of another aggressive rate hike from the US Federal Reserve. The local unit closed at P58.47 against the dollar on Wednesday, down by 50 centavos from P57.97 on Friday, data from the Bankers Association of the Philippines’ website showed. Philippine financial markets were closed for […]

Peso may weaken on Fed hike bets

THE PESO may weaken further this week as faster-than-expected September US consumer inflation fueled market expectations of another big rate hike from the US Federal Reserve next month. The local unit closed at P58.935 per dollar on Friday, gaining 6.5 centavos from its P59 finish on Thursday, based on Bankers Association of the Philippines data. […]

Peso closes at P57.48 a dollar

THE PESO weakened versus the dollar on Tuesday as market players expect the US Federal Reserve to remain aggressive in its meeting this week. The local unit closed at a new all-time low of P57.48 against the greenback on Tuesday, losing eight centavos from its P57.40 finish on Monday, Bankers Association of the Philippines data […]