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1 day ago · The Philippine depreciated further against the greenback on Thursday to hit its worst showing in over 18 months, as US Treasury yields rose to the highest levels in a month. The local unit closed at P58.635:$1, weakening by 21.5 centavos from its P58.42:$1 finish on Wednesday. This is the weakest performance of the peso since November 3, 2022 ...
36 minutes ago · The peso depreciated by another 21.5 centavos to 58.635 from Wednesday’s 58.42 finish, according to data from the Bankers Association of the Philippines. This was the peso’s worst close in ...
36 minutes ago · MANILA, Philippines — Local stocks continued their slump, sinking the market to the 6,300 territory as the peso retreated to another 18-month low against the dollar. The benchmark Philippine Stock Exchange index suffered its fifth consecutive loss yesterday, dropping by 0.62 percent or 39.66 points to settle at 6,371.75.
1 day ago · 30th May 2024 – (Manila) The Philippines’ national debt has surged to 15.02 trillion pesos (approximately 256.6 billion U.S. dollars) as of the end of April, marking a 0.61 per cent increase from the previous month, according to the Philippines’ Bureau of Treasury. The bureau cited government net financing and the impact of local currency […]
1 day ago · The Indonesian rupiah sank 0.6% to hit a one-month low, while the Philippine peso slipped 0.3%, nestled near its November 2022 lows. The Singapore dollar, Thai baht, Malaysian ringgit and the ...
36 minutes ago · MANILA, Philippines — The country’s outstanding debt crossed the P15-trillion level anew in April mainly due to higher borrowings and the depreciation of the peso against the dollar. Latest data from the Bureau of the Treasury showed the national debt stood at P15.02 trillion in end-April, inching up by 0.6 percent from P14.93 trillion the ...
