استمتع بـUnlimited مع Magzter GOLD
احصل على وصول غير محدود إلى أكثر من 9000 مجلة وصحيفة وقصة مميزة مقابل
يحاول ذهب - حر
Peso climbs on BSP, Fed rate cut hopes
August 12, 2025
|Business World Philippines
THE PESO gained against the dollar on Monday on expectations of rate cuts from both the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve.
The local unit closed at P57.04 per dollar, rising by seven centavos from its P57.11 finish on Friday, Bankers Association of the Philippines data showed.
The peso opened Monday’s session stronger at P56.87 against the dollar, which was also its intraday best. Its worst showing was at P57.10 against the greenback.
Dollars traded went down to $2.19 billion on Monday from $2.46 billion on Friday.
"The dollar-peso initially opened lower, tracking dollar weakness over the weekend due to the Fed staff developments, but rallied after BSP Chief Remolona said that two more rate cuts are more likely for 2025," the first trader said in a phone interview.
The Philippine central bank signaled on Monday it may deliver the first of two remaining interest rate cuts this year at its Aug. 28 policy meeting as inflation remained subdued, Reuters reported.
هذه القصة من طبعة August 12, 2025 من Business World Philippines.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Business World Philippines
Business World Philippines
Second-gen, hybrid MG HS boasts long range, five-star safety ratings
IT WOULD BE no exaggeration to say that, as the initial hype over battery electric vehicles (BEVs) is plateauing for a number of reasons, hybrid powertrains are becoming sort of the de facto poster child for electrification. This is, of course, helped along by friendlier government policy, such as zero import duty on hybrids.
3 mins
December 01, 2025
Business World Philippines
IM Arca tops Asian U16 blitz tourney
INTERNATIONAL MASTER (IM) Christian Gian Karlo Arca saved the best for last as he topped the open Under-16 (U16) blitz section for the Philippines' lone gold medal in the 27th Asian Youth Chess Championships in Thailand.
1 min
December 01, 2025
Business World Philippines
DMW says Benilde campus to boost Aseana City growth
D.M. WENCESLAO and Associates, Inc. (DMW) expects the planned De La Salle-College of Saint Benilde campus in Aseana City to bolster the growth of its 107.5-hectare mixed-use estate in Parafiaque.
1 min
December 01, 2025
Business World Philippines
Uniqlo gives for the holidays
UNIQLO has given thousands of clothes to disaster relief efforts for the recent calamities that have struck the Philippines, as well as to farming communities.
1 min
December 01, 2025
Business World Philippines
Siakam buzzer-beater lifts Pacers past Bulls
PASCAL SIAKAM hit a 14-foot jumper at the buzzer and finished with 24 points and nine rebounds as the Indiana Pacers beat the Chicago Bulls, 103-101, on Saturday in Indianapolis.
1 mins
December 01, 2025
Business World Philippines
7 startups awarded by Startup QC Cohort 4
THE QUEZON CITY GOVERNMENT recognized seven outstanding startups with P1-million equity-free grants each during the Startup QC Cohort 4 Demo Day.
1 mins
December 01, 2025
Business World Philippines
Airlines finish Airbus software update
LOCAL AIRLINES have finished updating the software on their Airbus aircraft after an urgent advisory from the manufacturer prompted carriers to ground several planes.
2 mins
December 01, 2025
Business World Philippines
Retail infra considered missing piece as e-commerce wave builds
IMPROVEMENTS in infrastructure are needed to help Philippine retailers and merchants meet the rise in demand through e-commerce channels, according to web development and integration agency Dev Team.
1 mins
December 01, 2025
Business World Philippines
Hotel101 to open 429-room Milan condotel, its 2nd Europe property
HOTEL101 GLOBAL HOLDINGS Corp., the Nasdaq-listed hospitality arm of DoubleDragon Corp., is expanding further into Europe with a 429-room development in Milan, marking its second project in the region as it accelerates its international rollout.
1 mins
December 01, 2025
Business World Philippines
MGEN, ACWA to develop 125-MW solar farm in Iloilo
MERALCO POWERGEN Corp. (MGEN) and Saudi Arabia-based ACWA Power are moving forward with a planned 125-megawatt (MW) solar project in Concepcion, Iloilo in central Philippines, marking the first venture under their partnership.
1 min
December 01, 2025
Listen
Translate
Change font size