Versuchen GOLD - Frei
Peso slides to fresh record low of P59.355 per dollar
Business World Philippines
|January 08, 2026
THE PESO fell to a fresh record low against the dollar on Wednesday amid dovish signals from the Philippine central bank.
The local unit closed at P59.355 versus the greenback, declining by 14.5 centavos from its P59.21 finish on Tuesday, data from the Bankers Association of the Philippines showed.
It surpassed its previous record low of P59.22 logged on Dec. 9, 2025.
The peso opened Wednesday's trading session weaker at P59.24 versus the dollar.
Its intraday best was at P59.20, while its weakest showing was at P59.38 against the greenback.
Dollars traded declined to $1.317 billion on Wednesday from $1.386 billion on Tuesday.
Fresh signals from the Bangko Sentral ng Pilipinas (BSP) of a potential rate cut next month weighed on the local unit, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.
Diese Geschichte stammt aus der January 08, 2026-Ausgabe von Business World Philippines.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Business World Philippines
Business World Philippines
Analyst cites risks of Jollibee plan to spin off US operations
JOLLIBEE FOODS CORP. (GJFC) plans to spin off its international business and list it on a US stock exchange by late 2027, a move investors generally see as a value booster, but one that comes with added risks, analysts said.
1 mins
January 09, 2026
Business World Philippines
Dollar reserves hit $110.9B at end-2025
THE Philippines' dollar reserves as of end-December exceeded the Bangko Sentral ng Pilipinas' (BSP) estimate for the year as it reached over $110 billion.
2 mins
January 09, 2026
Business World Philippines
Aboitiz Renewables unit plans P512-M facility for solar link
SOUTH CLEANERGY, INC. is seeking to build a P512-million transmission facility to link its major solar farm and battery energy storage system in Cadiz, Negros Occidental, to the Visayas grid.
1 min
January 09, 2026
Business World Philippines
Buying from the broadsheets
Some 13 years ago, Nobel Laureate Joseph E. Stiglitz published The Price of Inequality.
5 mins
January 09, 2026
Business World Philippines
Eala clinically beats Marcinko
Grizzled tandem of Maleckova-Zarazua withdraws
2 mins
January 09, 2026
Business World Philippines
PLDT eyes broader rollout of AI across key sectors
PLDT INC. is stepping up efforts to expand the use of artificial intelligence (AI) across the Philippines as part of its push to boost participation in the global AI ecosystem and support inclusive digital growth.
1 min
January 09, 2026
Business World Philippines
Stephen Miller: Portrait of Donald Trump's ideologue-in-chief
During a recent interview with CNN host Jake Tapper, the White House deputy chief of staff, Stephen Miller, laid out what appears to be the core of the new ideology driving US foreign policy: the notion that might is right.
4 mins
January 09, 2026
Business World Philippines
Green-lane agency to start 2026 with projects worth P2.95 trillion
THE Board of Investments’ (Bol) One-Stop Action Center for Strategic Investments (OSACSI) said it ended 2025 with about P2.95 trillion worth of projects not yet registered with investment promotion agencies (IPAs) whose permits it will fast-track under the green lane system.
2 mins
January 09, 2026
Business World Philippines
True cost of P20 rice program points to daunting fiscal challenge
THE QUEUE was longer than usual when Elisa J. Valencia arrived at the Kadiwa store in Diliman, Quezon City one Wednesday morning in December.
5 mins
January 09, 2026
Business World Philippines
Philippines may grow below 4% in near term
PHILIPPINE economic growth may fall below 4% in the near term as the billion-peso flood control scandal drags on, affecting government spending and dampening consumption and sentiment, Nomura Global Markets Research said.
2 mins
January 09, 2026
Listen
Translate
Change font size