Peso rebounds vs dollar on oil price correction, gov’t offer of euro bonds

THE PESO rebounded versus the greenback on Thursday as oil prices corrected and after the government raised €2.1 billion from its offer of euro-denominated bonds. The local unit closed at P48.41 per dollar on Thursday, appreciating by four centavos from its P48.45 finish on Wednesday, based on data published on the Bankers Association of the […]

Asia’s rising coronavirus cases a worry as vaccine doubts cloud campaigns

Singapore — India, South Korea, and Thailand faced mounting coronavirus infections on Thursday, undermining cautious hopes that Asia might be emerging from the worst of the pandemic as worries about safety threatened to delay vaccination drives. India reported a record 126,789 new cases, the third day this week tallies have surged to more than 100,000, […]

Peso rises as RTB sale ends

THE PESO climbed against the greenback on Friday following the end of the government’s retail Treasury bond (RTB) offering the day prior. The local unit closed at P48.56 per dollar on Friday, gaining six centavos from its Thursday finish of P48.62. It also appreciated by three centavos from its P48.59-per-dollar close on Feb. 26. The […]

Palace approves two more months of no disconnection for poor power consumers

PRESIDENT Rodrigo R. Duterte expressed his support for a plan floated by the Department of Energy (DoE) to extend the “no-disconnection policy” for poor electricity consumers by two more months, a Cabinet official said. Cabinet Secretary Karlo Alexei B. Nograles added in an online briefing Thursday that the President backs the extension of so-called “lifeline […]