Friday, 5 July 2024
5 days ago
Did local borrowers mistime their dollar loans just as peso began to weaken?
By: Daxim L. Lucas
The peso’s weakness, which began toward the end of the first quarter, resulted in the local currency depreciating by over 6% since then. This means a borrower who took out a loan in mid-March would today be carrying 6% more debt in peso terms.
30 May 2024
4:29PM
Peso slips further south as BSP lets currency ‘find its own level’
By: Daxim L. Lucas
The Philippine peso ended another trading day weaker against the US dollar, with bankers noting that the Bangko Sentral ng Pilipinas was, for the most part, allowing the local currency to “find its own level” against the strong US dollar.
19 Apr 2024
12:40PM
PH Dollar Flows Surplus in March 2024, Reversing Deficit Trend
In March 2024, the Philippines reported a significant turnaround in dollar flows, posting a $1.2 billion balance of payments (BOP) surplus after two consecutive months of deficits.
Advertisement
