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BSP posts $59.9-M net portfolio inflow in Oct.

Foreign portfolio investments in the Philippines showed a net inflow of $59.9 million in October, a sharp turnaround from a net outflow of $807.2 million…

(BSP) Governor Amando M. Tetangco Jr.

TDF auction volume raised to P180 billion

By Lee C. Chipongian The Bangko Sentral ng Pilipinas (BSP) has raised its term deposit facility (TDF) auction by P50 billion to P180 billion for…

MB FILE - Philippine bank notes / Photo courtesy of the Bangko Sentral ng Pilipinas (Manila Bulletin)

Managers downplay weakening of peso

By Chino S. Leyco The Duterte administration’s economic managers downplayed fears that the weakening local currency could hurt the country’s growing economy. Finance Secretary Carlos…

News in brief for November 16, 2016

News in brief for November 16, 2016

P/$ rate closes at P49.17/$1 The peso closed higher  at P49.17 to the US dollar yesterday at the Philippine Dealing & Exchange Corp. (PDEx) from …