3+ day, 15+ hour ago   (412+ words) MANILA, Philippines — Net inflow of foreign direct investments in the Philippines fell in the first half, as market volatility and concerns on the country’s growth momentum prompted investors to place their capital elsewhere. Latest data from the Bangko Sentral ng…...

3+ day, 23+ hour ago   (430+ words) MANILA, Philippines — The peso’s depreciation has not yet become a structural threat to Philippine bonds. Still, prolonged weakness could become more disruptive if it feeds into inflation expectations and broader economic imbalances, according to Manulife Investments Philippines. Jean de Castro,…...

5+ day, 16+ hour ago   (412+ words) MANILA, Philippines — The Philippine peso extended its losses on Tuesday, closing at a new record low against the US dollar as investors positioned themselves ahead of US inflation data due later this week and increasingly bet that the Federal Reserve…...

5+ day, 21+ hour ago   (399+ words) MANILA, Philippines — Bank lending accelerated in July, as stronger growth in business loans more than offset a slight slowdown in consumer credit. Loans from big banks grew 10.4 percent from a year earlier to nearly P15 trillion, according to the latest data…...

6+ day, 27+ min ago   (151+ words) MANILA, Philippines — The Philippine peso fell to a fresh record low against the dollar on Tuesday as traders positioned for US inflation data later this week and weighed the prospect of higher Federal Reserve interest rates. The peso declined 3.9 centavos…...

6+ day, 1+ hour ago   (240+ words) MANILA, Philippines — Local stocks returned above the 6,100 level on Tuesday as investors hunted for bargains, while foreign funds flowed back into the market. The benchmark Philippine Stock Exchange Index (PSEi) rose 0.37 percent, or 22.31 points, to close at 6,105.99. READ: PSEi slips…...

6+ day, 16+ hour ago   (867+ words) When Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. linked the peso’s weakness to the Philippines’ low savings rate, he pointed to a real macroeconomic pressure. If investment runs ahead of national savings, the gap must be filled by foreign…...

6+ day, 16+ hour ago   (524+ words) MANILA, Phililppines — The Philippine peso hovered near the 63-per-dollar level on Monday, extending its run of record lows as a resilient US currency and growing expectations of higher US interest rates weighed on the local unit. The peso gained 0.4 centavos…...

1+ week, 1+ hour ago   (293+ words) MANILA, Philippines — Local stocks fell on Monday as the peso sank to a new record low, while concerns over a possible tightening by the US Federal Reserve further dampened investor sentiment. The benchmark Philippine Stock Exchange Index (PSEi) fell 0.11 percent,…...