Finance

Peso seen to end 2017 at 51-level vs US dollar

MANILA -- An economist of ING Bank Manila foresees the Philippine peso to end 2017 at 51-level to a US dollar although defensive bias is seen in the coming weeks following...

Commissioner Lapena: BOC hits highest daily collection, first in history

The Bureau of Customs (BOC) posted more than P3 billion in collection for two consecutive days of the previous month based on the Financial Service’s preliminary collection report – a first...

TDF yields down Wednesday

MANILA -- Weighted average accepted yield of both the seven-day and 28-day Term Deposit Facility (TDF) of the Bangko Sentral ng Pilipinas fell Wednesday. Data released by the central bank showed that...

PIRA members urged to meet new reserves standards

MANILA -- An official of the Philippine Insurers and Reinsurers Association (PIRA) urged member-companies to firm up their reserves as new regulations takes effect on Jan. 1, 2018. In his speech during...

Dominguez welcomes favorable EITI decision on PHL

Finance Secretary Carlos Dominguez III has welcomed the announcement of the International Board of the Extractive Industries Transparency Initiative (EITI) declaring the Philippines as the first country to have successfully obtained...

Dominguez lauds EO establishing OFW Bank

MANILA -- Finance Secretary Carlos Dominguez III on Monday hailed the signing of an Executive Order (EO) for the establishment of a bank specifically for Overseas Filipino Workers (OFWs). This after Malacanang made...

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