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Philippines
Thursday, April 18, 2024

Business

Peso continues to slide, closes at 57.18 a dollar

The Philippine peso fell against Wednesday, closing at 57.18 against the US dollar, its lowest level in 17 months, from 57.0 on Tuesday, as investors sought the safety of the greenback amid the tension in the Middle East. Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said the peso moved in line with other emerging market currencies “because of what’s going on in the Middle East.” He said the peso...

Semiconductors drove exports growth in February –DTI

The robust upturn in the semiconductor industry supported the 15.7-percent growth in...

SEC removes minimum stockbroker’s commission

The Securities and Exchange Commission (SEC) said Wednesday it removed the minimum...

Power producers confirm need for new generation plants to avert blackout

The Philippine Independent Power Producers Association (PIPPA) acknowledged the need for additional...

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