Peso closes at P58.99 on signals from US Fed

THE PESO further weakened versus the dollar on Tuesday following fears of a global recession as US Federal Reserve officials remained hawkish after delivering a large rate increase last week. The local unit closed at another record-low of P58.99 against the greenback on Tuesday, losing 49 centavos from its P58.50 finish on Friday, Bankers Association […]

ACEN lists P10-B ASEAN green bonds  

ACEN Corp. announced on Thursday that it had successfully issued and listed its maiden peso-denominated ASEAN green bonds with a principal amount of P10 billion. “We are grateful for the strong support of Philippine institutional and retail investors for the company’s maiden peso green bond issuance,” ACEN President and Chief Executive Officer Eric T. Francia […]

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 […]

Peso declines on hawkish Fed

THE PESO weakened versus the greenback on Tuesday following hawkish signals from top central bankers at Jackson Hole over the weekend. The local unit closed at P56.225 per dollar on Tuesday, down by 20.5 centavos from its P56.02 finish on Friday, Bankers Association of the Philippines data showed. Philippine financial markets were closed on Monday […]

Peso strengthens on aggressive BSP hike

THE PESO continued to strengthen against the dollar on Thursday as the Bangko Sentral ng Pilipinas (BSP) delivered its biggest-ever rate hike amid growing inflation pressures. The local unit closed at P56.15 per dollar on Thursday, gaining 11 centavos from its P56.26 finish on Wednesday, based on Bankers Association of the Philippines data. Still, year […]

Peso down on Fed bets after jobs data

THE PESO weakened anew against the dollar on Monday as strong US jobs data fueled bets of continued aggressive monetary tightening. — BW FILE PHOTO THE PESO weakened slightly against the dollar on Monday on stronger-than-expected US jobs data, which could support more aggressive rate hikes from the US Federal Reserve. The local currency closed […]