2+ 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,…...

4+ 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, 42+ 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…...

5+ 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…...

5+ 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…...

6+ day, 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,…...

1+ week, 1+ day ago   (551+ words) MANILA, Philippines — The Philippine peso fell to a new record low on Friday, as a strong US dollar, elevated Treasury yields and political uncertainty at home overshadowed the good signs of easing inflation. The peso lost 7 centavos from its prior…...

1+ week, 3+ day ago   (297+ words) MANILA, Philippines — Philippine stocks edged higher on Thursday as the peso paused from its record slide, with investors awaiting August inflation data. The benchmark Philippine Stock Exchange Index (PSEi) rose 0.27 percent, or 16.19 points, to close at 6,069.42. READ: Poll: August inflation…...

1+ week, 3+ day ago   (497+ words) MANILA, Philippines — The Philippine peso broke past the 62.5-per-dollar level to hit a new record low on Wednesday, widening its losses as renewed tensions in the Middle East reignited concerns about inflation and increased the appeal of safe-haven assets. The…...

1+ week, 4+ day ago   (143+ words) MANILA, Philippines — The Philippine peso fell past the 62.5-per-dollar level to a fresh record low, extending its losing streak amid lingering inflation concerns. The currency weakened 16.5 centavos to close at 62.565 per dollar, according to Bankers Association of the Philippines data....