Vuélvete ilimitado con Magzter GOLD
Obtenga acceso ilimitado a más de 9000 revistas, periódicos e historias Premium por solo
Intentar ORO - Gratis
Peso dips on hawkish Fed minutes
Business World Philippines
|November 21, 2025
THE PHILIPPINE PESO weakened against the dollar on Thursday after minutes from the US Federal Reserve's last policy meeting dampened expectations of an interest rate cut next month.
It closed at P59.065 a dollar, down 13 centavos from Wednesday's P58.935, based on Bankers Association of the Philippines data posted on its website. It opened at P59, its intraday best, and fell to a low of P59.11. Dollar turnover slipped to $1.08 billion from $1.39 billion on Wednesday.
“The dollar-peso closed higher, trading sideways but tracking dollar strength following the release of hawkish Fed minutes,” a trader said by phone. “Players trimmed expectations of a December rate cut.”
Another market participant noted that the Fed minutes showed officials were divided over the October policy meeting and raised doubts about the likelihood of a rate cut in December.
Esta historia es de la edición November 21, 2025 de Business World Philippines.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Business World Philippines
Business World Philippines
DoF warns VAT rate cut could slash P1 trillion in revenue and risk credit rating downgrade
THE Department of Finance (DoF) expressed “strong reservations” regarding a proposal to lower the value-added tax (VAT) rate, warning it could cost the government more than P1 trillion in foregone revenues through 2030 and undermine its fiscal consolidation efforts.
3 mins
November 21, 2025
Business World Philippines
Peso dips on hawkish Fed minutes
THE PHILIPPINE PESO weakened against the dollar on Thursday after minutes from the US Federal Reserve's last policy meeting dampened expectations of an interest rate cut next month.
2 mins
November 21, 2025
Business World Philippines
A matter of kindness
In the cyberage of materialism, speed, and convenience, the concept of spirituality is dismissed as irrelevant, obsolete, and archaic.
2 mins
November 21, 2025
Business World Philippines
Manulife and SSS expand Group Credit Life coverage
MANULIFE Philippines and the Social Security System (SSS) have expanded their Group Credit Life (GCL) insurance coverage to include pensioners participating in the SSS Pension Loan Program, providing additional financial protection to families of deceased borrowers.
1 mins
November 21, 2025
Business World Philippines
Banks’ 9-month trust assets rise to P4.9T
PHILIPPINE BANKS’ trust assets had climbed to P4.867 trillion as of September, reflecting stronger demand for professionally managed funds amid continued caution in financial markets, based on data from the Bangko Sentral ng Pilipinas (BSP).
1 min
November 21, 2025
Business World Philippines
Digital VAT collection nears P7 billion - BIR
THE PHILIPPINE government has collected almost P7 billion from a 12% value-added tax (VAT) on digital services, the Department of Finance said, providing a lift to revenue intake at a time when slower growth and a corruption probe are weighing on collections.
2 mins
November 21, 2025
Business World Philippines
DICT chief targets to raise digital economy's share to GDP to 12.5%
THE DEPARTMENT of Information and Communications Technology (DICT) is aiming to increase the share of the digital economy to gross domestic product (GDP) to 12.5% by 2028, by fast-tracking digital infrastructure projects and attracting more hyperscalers to operate in the country.
3 mins
November 21, 2025
Business World Philippines
‘While the Guitar Weeps’ for the nation
The Philippines today feels like a land in quiet sorrow — deeply disillusioned.
3 mins
November 21, 2025
Business World Philippines
Saavedra-led Megawide raises P3B in oversubscribed follow-on offering
MEGAWIDE Construction Corp. raised P3 billion from its Series 7 preferred shares follow-on offering, which was oversubscribed 2.3 times, signaling investor confidence in the company’s expansion plans, its president said.
2 mins
November 21, 2025
Business World Philippines
BOP position swings to $706-M surplus in Oct.
THE PHILIPPINES' balance of payments (BoP) position swung to a surplus in October, narrowing the country's external position gap in the 10-month period, the central bank said.
2 mins
November 21, 2025
Listen
Translate
Change font size