Archive for the 'Business & Economy' Category
Economist fears fewer jobs with global financial crisis
- Darwin G. Amojelar, Manila Times
THE Bangko Sentral ng Pilipinas should cut policy interest rates to encourage local companies to spend and create more jobs amid the global financial crisis, according to an economist from the University of Asia and the Pacific (UA&P).
In a briefing, Victor Abola, [...]
Remittances prop up currency
MANILA, Philippines - The peso continued to firm up against the dollar Tuesday as strong remittance inflows offset the strengthening of the greenback.
The peso Tuesday closed at the day’s high of P48.41 per dollar, up by eight centavos compared to the previous trading day’s finish of P48.49.
A total of $895 million changed hands compared to [...]
Peso, stocks continue upward trends
By Maricel E. Burgonio, Manila Times
The peso has improved against the greenback on Monday with remittance inflows going up, which are seasonally high in the last quarter of the year, and the Bangko Sentral ng Pilipinas (BSP) moving to assure the liquidity of banks.
At the Philippine Dealing System, the [...]
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