Essayer OR - Gratuit
Exporters worried about strong peso
Business World Philippines
|May 27, 2025
EXPORTERS said the pace of the peso’s appreciation could have negative consequences for their businesses, and added that the industry is currently trying to determine an appropriate and balanced exchange rate.
Philippine Exporters Confederation, Inc. President Sergio Ortiz-Luis, Jr. said the industry group is conducting a “quiet” consultation and plans to convey the resulting consensus to the Bangko Sentral ng Pilipinas (BSP).
“Right now, we cannot determine what to recommend as the assumptions continuously change depending on Trump's pronouncements,” he added.
He noted that the peso’s strength is also a matter of concern to many Filipinos “because we have a lot of overseas workers.”
As such the BSP really needs to balance the exchange rate... to at least protect the OFWs,” he added.
The peso closed at P55.42 against the dollar on Monday, after finishing at P55.25 on Friday.
Year to date, the peso has appreciated by 4.38% since finishing at P57.845 on the last trading day of 2024.
Cette histoire est tirée de l'édition May 27, 2025 de Business World Philippines.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Business World Philippines
Business World Philippines
Judicial Reform Initiative: celebrating a decade of resolve
This year marks the 10 anniversary of the Judicial Reform Initiative (JRI), a milestone that allows us to reflect on a decade of dedicated effort to strengthen one of the most vital pillars of our democracy: the rule of law.
2 mins
December 19, 2025
Business World Philippines
It ain't over 'til the fat lady sings
For years now, we have written — perhaps too often — about the extraordinary plunder of public money involving politicians, public works engineers and officials, and their collaborating private contractors.
6 mins
December 19, 2025
Business World Philippines
BPI plans to merge thrift units Banko, Legazpi Savings Bank
BANK of the Philippine Islands (BPI is set to merge its thrift bank subsidiaries BPI Direct BanKo, Inc., A Savings Bank (BanKo) and Legazpi Savings Bank, Inc. (LSB), it said on Thursday.
1 mins
December 19, 2025
Business World Philippines
Customs chief expects revenue collection to hit P939 billion this year
THE Bureau of Customs (BoC) said revenue collection may come in below target this year due to slower import activity amid the rice import ban and the corruption scandal.
3 mins
December 19, 2025
Business World Philippines
Warner Bros. Discovery board rejects rival bid from Paramount
Warner Bros. Discovery’s (WBD) board spurned Paramount Skydance’s (PSKY) $108.4-billion hostile takeover bid on Wednesday, calling the offer “illusory” as it accused the studio giant of misleading shareholders about its financing.
4 mins
December 19, 2025
Business World Philippines
Sun Life Grepa offers new insurance plan
SUN LIFE Grepa Financial, Inc. has launched a new life insurance product that allows customers to tap various investment funds.
1 min
December 19, 2025
Business World Philippines
Budget ratification and signing set for Dec. 29
PHILIPPINE LAWMAKERS on Thursday reconciled disagreeing provisions of the proposed P6.793-trillion national budget for 2026, ending Congress’ review of the spending plan marked by one of the most contentious proceedings in recent years amid a corruption scandal over flood control projects.
5 mins
December 19, 2025
Business World Philippines
Grade 5 PHL students trail Southeast Asian peers in reading, math
GRADE 5 students in the Philippines continue to fall behind most Southeast Asian neighbors in terms of proficiency in reading and mathematics, a learning assessment program by the United Nations Children's Fund (UNICEF) and the Southeast Asian Ministers of Education Organization (SEAMEO) showed.
4 mins
December 19, 2025
Business World Philippines
Wishes for the children
On Christmas week, we pray for love, grace, forgiveness, hope, protection and world peace.
2 mins
December 19, 2025
Business World Philippines
The US needs to welcome immigrants, not demonize them
EVEN for an administration that makes no secret of its antipathy toward immigrants, recent rhetoric from the White House has been alarming and inflammatory — and at odds with reality.
2 mins
December 19, 2025
Listen
Translate
Change font size