Philippine Peso Rises Ahead of Powell Key Speech
The Philippine Peso strengthens, closing at P56.55 per dollar, as markets await Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Symposium this week.
PH Financial Sector Grows to P32.3T, Up 10.5% in June
The Philippine financial sector expanded by 10.5% in June, reaching P32.3 trillion. Bank resources surged, while positive earnings drove stock market gains.
GCash May Enter the Digital Bank Race in the Philippines
GCash considers a digital bank license in the Philippines as BSP lifts the moratorium, paving the way for potential expansion and competition in the digital banking sector.
Philippines Tightens FX Rules, Imposes New Penalties
The Philippines tightens FX rules with new penalties of up to $17,130 per violation, enhancing transparency and ensuring timely financial reporting.
PHSEC Warns: TRADEXPERT, PIONEX Trading Club Ponzi Schemes
The Philippines Security Exchange Commission warns against investing in TRADEXPERT and PIONEX Trading Club due to alleged Ponzi schemes.
Philippine PSEI Flat Amid July Inflation and Rate Concerns
Philippine PSEI ends flat as July inflation surge and rate hike concerns weigh on investor sentiment. Broader All Shares Index gains slightly.
Philippines Forex Reserves Rise to $105.65 Billion
The Philippines' foreign exchange reserves increased to $105.65 billion in July, driven by higher gold valuations, strong investment income, and active forex trading.
Philippines' Mynt Hits $5 Billion Valuation with Ayala and MUFG Funding
Philippines' Mynt hits a $5 billion valuation with Ayala and MUFG funding, highlighting the rapid growth in the country's fintech sector.
How Super Typhoon Carina Disrupted PH Financial Markets
Super Typhoon Carina caused a shutdown of financial markets in the Philippines, leading to trading suspensions and disruptions across banking services.
Philippine Forex Trading Still On Pause; Stock Market Drops
Due to severe weather, Philippine forex trading remains paused, causing a drop in the stock market. The PSEi fell by 1.23%, influenced by Wall Street sell-offs and local economic concerns.
Philippine SEC Warns Against TradeTech Asia, Automatrade, BFO Trading
The Philippine SEC warns the public about unregistered investment schemes from TradeTech Asia, Automatrade, BFO Trading, and others. Exercise caution and verify legitimacy.
Philippine Inflation Rises to 3.9% in May, Highest in 5 Months
Philippines' inflation hits 3.9% in May, up from 3.8% in April, due to higher costs in housing, utilities, gas, and transportation.
Foreign Investors Withdraw $312M from Philippines in April
Foreign investors pulled $312M from the Philippines in April, a rise from March's $236M, says BSP. However, net inflows were seen over the first four months.
Philippine Stock Market Faces Potential Downturn in 2024
The Philippine stock market's early gains in 2024 are waning, raising concerns about a potential downturn amid rising geopolitical risks and currency volatility.
Philippine Central Bank Simplifies FX Regulations for Investors
The Philippine central bank's new FX regulations streamline investment processes, eliminating bureaucratic hurdles and fostering a more attractive environment for foreign investors.
Peso Depreciation is Temporary, Says BSP Amid Regional Trend
The BSP assures the public that the Philippine Peso's recent depreciation is temporary, reflecting a regional trend of weakening currencies against the US dollar.
MFast Launches in Philippines, Aiming to Enhance Financial Inclusion
Vietnamese fintech startup MFast expands to the Philippines, offering banking and financial services to underserved communities.
Philippine Peso Strengthens After First-Quarter Growth Report
The Philippine peso edged higher against the dollar following the release of the Q1 GDP growth report.
BSP Approves Coins.ph to Launch Peso Stablecoin
In the Philippines, Coins.ph receives BSP approval for PHPC, a peso-backed stablecoin, launching in June for peer-to-peer transactions.
Q1 2024: Philippine Economy Grows 5.7%, Impacts on Filipinos
Q1 2024 saw the Philippine economy grow by 5.7%, slightly below expectations amid high inflation and interest rates. Explore the varied impacts on Filipinos' daily lives.