कोशिश गोल्ड - मुक्त
Peso breaches P58 amid flood probe, Fed signals
Business World Philippines
|September 26, 2025
THE PHILIPPINE PESO slumped past the P58-a-dollar mark on Thursday as a widening corruption scandal over state flood control projects weighed on sentiment and hawkish signals from the US Federal Reserve supported the greenback.
It closed at P58.10 against the dollar, down 63.9 centavos from a day earlier, according to data from the Bankers Association of the Philippines posted on its website. That was its weakest level since Aug. 1, when it closed at P58.145.
The peso opened at P57.75 and traded from P57.73 to P58.17. Dollar turnover rose to $2.15 billion from $1.73 billion on Wednesday, reflecting heavier activity as the peso sold off.
“The dollar-peso closed higher on political unrest due to the congressional inquiry on the flood control scandal,” a Manila-based trader said by telephone.
यह कहानी Business World Philippines के September 26, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
Business World Philippines से और कहानियाँ
Business World Philippines
NG gross borrowings decline in October
THE NATIONAL Government's (NG) gross borrowings declined in October amid a drop in foreign debt, the Bureau of the Treasury said.
2 mins
December 01, 2025
Business World Philippines
Honda Foundation extends aid to Typhoon Tino survivors
LATE LAST month, associates from the Cebu office of Honda Philippines, Inc. (HPI) representing Honda Foundation, Inc. (HFI) visited affected families in Barangay Cotcot, Liloan, Cebu.
1 min
December 01, 2025
Business World Philippines
Poll: Inflation likely eased in Nov.
HEADLINE INFLATION likely eased in November as lower prices of food, particularly rice, may have tempered higher utility costs during the month, analysts said.
3 mins
December 01, 2025
Business World Philippines
Filipinos push back as flood control scandal sparks fresh protest wave
BJ I. MABINI didn’t plan on joining a street protest. But when he saw videos of politicians’ relatives flaunting designer bags and luxury cars online — days after headlines warned that billions of pesos meant for flood control had vanished — he said he had reached his limit.
6 mins
December 01, 2025
Business World Philippines
The Good Meat elevates Noche Buena dishes with new twists
FOR FILIPINOS, Noche Buena is more than a feast.
1 min
December 01, 2025
Business World Philippines
SEVEN-SEATER CONTENDER
Mitsubishi unveils all-new Destinator
2 mins
December 01, 2025
Business World Philippines
DoST honors outstanding MSMEs at National Science, Technology and Innovation Week 2025
THE DEPARTMENT OF SCIENCE and Technology (DoST) recognized nine outstanding micro, small, and medium enterprises (MSMEs) under its Small Enterprise Technology Upgrading Program (SETUP) during the 2025 National Science, Technology, and Innovation Week (NSTW) held in Laoag City.
1 mins
December 01, 2025
Business World Philippines
PHL export prospects riding on tariff ruling by US Supreme Court
A US Supreme Court ruling on the reciprocal tariffs will shape the Philippines’ trade prospects as the justices grapple with President Donald J. Trump’s radical overhaul ofthe trading system, analysts said.
2 mins
December 01, 2025
Business World Philippines
PHL companies double down on sustainability – Schneider survey
ENERGY TECHNOLOGY SOLUTIONS provider Schneider Electric recently announced the results of its annual Green Impact Gap survey revealing that Philippine business leaders increasingly view sustainability as a driver of growth and competitiveness, even as they cite economic uncertainty and geopolitical instability as barriers to further sustainability investment.
1 mins
December 01, 2025
Business World Philippines
Rice, galunggong prices up, meat steady in mid-Nov.
PRICES of rice and galunggong (round scad) rose in mid-November, while pork and chicken prices were little changed, according to the Philippine Statistics Authority (PSA).
1 mins
December 01, 2025
Listen
Translate
Change font size

