Peso rises on oil’s decline

THE PESO strengthened further against the dollar on Wednesday on lower global oil prices and better Philippine employment and factory data. The local currency ended at P55.45 against the greenback on Wednesday, surging by 52.5 centavos from P55.975-a-dollar close on Tuesday, based on data from the Bankers Association of the Philippines. The peso opened stronger […]

Peso rises vs dollar on strong data

THE PESO strengthened on Tuesday as the country’s dollar reserves rose as of October and as the unemployment rate dropped to its lowest level since the coronavirus pandemic. The local unit ended trading at P58.275 per dollar on Tuesday, appreciating by 30.5 centavos from its P58.58 close on Monday, based on data from the Bankers […]

PLDT group provides bill reprieve to typhoon-hit areas; Globe reports restoration of services in 7 provinces

THE PLDT group on Tuesday said it plans to delay bills for areas with severe typhoon impacts while services are undergoing restoration.   The group has already “stopped disconnection of accounts [for non-payment] in hardest hit areas,” PLDT, Inc. said in an e-mailed statement.   At the same time, the company said its wireless arm Smart Communications, […]

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 […]