The Philippine peso finished its weakest under the administration of President Rodrigo Duterte on Monday at P48.25 much noticeably lower than the P48.33 in September 15, 2009 but still far from the P47.16 of Nov. 10, 2015.
The Philippine peso finished its weakest under the administration of President Rodrigo Duterte on Monday at P48.25 much noticeably lower than the P48.33 in September 15, 2009 but still far from the P47.16 of Nov. 10, 2015.
Trying to explain the cause or identify the source as possible culprit, a ranking executive of the Bangko Sentral ng Pilipinas (BSP) said negative perception of the market is driving the weakness of the Philippine peso.
Safely pointing the “blame” outside of the country, local monetary officials and economists expressed that anticipations for the eventual increase in the Federal Reserve key rates as the primary reason for the volatilities in Asian financial markets to date.
But other factors such as this week’s meeting of the Organization of Petroleum Exporting Countries (OPEC) in Algeria and the first official presidential debate in the US are also contributing to the volatilities.
Some analysts said results of the November 2016 national polls in the US is a cause of concern for businessmen since both candidates back policies that would give more opportunities to US residents.
On Monday BSP Deputy Governor Diwa Guinigundo expressed that the country’s strong macroeconomic fundamentals have never changed.
”They have remained stable and robust. But because of perceived risks which may not really be justified and continuing uncertainty about the unknown in the calculus of foreign exchange traders, they have embraced negative sentiment rather than focus on fundamentals,” he said.
”No(t) even the real interest rate differentials which are rather manageable could justify the sharp fall of the peso except the negative perception of the market,” he added.
The BSP official did not specify the source of the negative perception of the market, though. (PNA)
Sharing this much watched ‘WHAT IS A WOMAN’ documentary of conservative YT channel Daily Wire. On June 1, 2023, the documentary movie starring Matt Walsh of ‘What is a Woman’ was posted online via Twitter. In the first few hours of publication, the movie hit the proverbial stumbling block of […]
Her story resembles that of a script lifted direct from a tele-novela. This video is another installment in our continuing coverage of ordinary people sharing their experience during their married life. The resource speaker on this video supports the passage of the divorce bill in the Philippine congress. The speaker […]
Did regret came too late? A girl who transitioned to becoming a boy during teenage year speaks of great regret for having done so. Charlie Evans “became” male for close to ten years before making a turn-around from a decision made. Evans detransitioned in 2018. But will it recoup the […]
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Canadians react with disdain on government officials, which include PM Justin Trudeau and Environment Minister Catherine McKenna, due to garbage dumping in the Philippines. Watch how independent conservative YouTube channel shares reaction and more below: [At 1:40, notice the government official sitting right of President Duterte make face, reacting to […]
Sharing here the attendance of Vice President Leni Robredo during the 121st Independence Day rites this morning at Rizal Park in Manila. And below is the commemorative message of the vice president for the occasion: Sa araw na ito, bilang nagkakaisang lahi, ipinagdiriwang natin ang ika-isangdaan at dalawampu’t isang taon […]
A short clip derived from a PBS (US tv channel) documentary highlights a woman acquiring a “sense of peace” after aborting her two (twin) babies. The woman was shown getting clear instruction from the doctor on the dosage and timing of taking “medical” abortion pills. The doctor was so blatant […]
The most important and relevant documentary movie drops today. Will it be truth bites the plight of mass migration hurting Europe? We are referring to the much awaited “Borderless” movie by independent Canadian activist-journalist Lauren Southern and her team. After months enduring the rigors (and danger) of (clandestine) location filming, […]
Some world leaders, and even the mainstream media, didn’t get it. But at least, Pope Francis on Easter Sunday speaking after the special Easter ‘Urbi et Orbi’ message and blessing, expressed his “heartfelt closeness to the Christian community [of Sri Lanka] wounded as it was gathered in prayer, and to […]
Daring independent journalist Lauren Southern is on the hot trail of the illegal immigration happening now in most of Europe. On this her latest reportage the daring Canadian exposes the alleged human smugglers and traffickers operating in Greece as NGO’s like the Emergency Response Center International. ERCI is a self-described […]
This should be the first walking tour for inmotion channel, I mean, a walking exploration. So here I was at the churchyard of the main Catholic church in my hometown which is the Parish church of Our Lady of La Porteria. Welcome to inMotion. And many thanks and appreciate for […]
Yes, totally true. The epic fails in Ilocos Norte. One of which was the “cable cart” ride which amused the passengers at first. Then afterwards lost the interest for the operator obviously had difficulty maneuvering the cart up its destination and back. But hey, it was a good try. The […]
Culled from the online news portal itself, Rappler reports agents from the National Bureau of Investigation (NBI) arrested Rappler CEO and executive editor Maria Ressa early Wednesday evening, February 13. The arrest was done in connection with a cyber libel case filed by the justice department. NBI officers in civilian […]
This Philippine province of almost two million people, or 1.9 (1,952,544) million warm bodies according to the official census count of 2015 is the biggest in the Bicol region in terms of population and land area. While it is rich in natural resources and beautiful scenic places, majority of its […]
I am back, yet again, after a long hibernation of sorts. I fixed some personal issues, settled what should have been done before and still in the process of accepting and facing some other health circumstances that is part of life. And then I completely pushed aside into the backburner […]
After posting the article covering the much vaunted Pantao regional port located in Libon town of Albay province we dig a foot deeper and decided to go ahead with an update and rejoinder about the project. Envisioned to boost a “robust economic corridor in southern Luzon, specifically for Daet, Naga […]
Time magazine’s 2018 acknowledged person(s) of the year (POY) received mixed reaction from netizens. Before the end of year, the US-based news magazine picks a POY of their choice who has done the most to influence the events of the year. This 2018, it came out with not one, but […]
As many expected, former Philippine senator Bong Revilla on Friday was acquitted by the Sandiganbayan of the plunder case in relation to the misuse of P224 million pork barrel funds. Pork barrel funds were coated as Priority Development Assistance Fund (PDAF) of previous administrations. His co-accused, bussinesswoman Janet Lim Napoles […]
We get it. Bicolanos and travelers to and from the region will have to get used to flying and landing on four dated airports, one each in Legazpi, Pili (for Naga), Virac and Masbate. The one and only, but much vaunted, Bicol International Airport, or the Southern Luzon International Airport, […]
The domestic airport in Pili serving metropolitan Naga and the provinces of Camarines Sur and Camarines Norte will soon be capable of catering to evening flight take-off and landing operations. The Naga airport, which is operated by the Air transportation Office (ATO) of the Department of Transportation and Communications, has […]
To get a good grasp of the illegal immigrant crisis in the United States (America), and in Europe (European Union), we are sharing below two video coverage, one for each. These are different takes on the massive migrant caravan that began marching from Central America, mostly coming from Honduras, with […]
The town of Daraga in Albay province, has total assets of P1.029 billion making it to the top of the list among the richest municipal local government units (LGU) for 2017, besting 106 others in Bicol region, according to the Commission on Audit (COA). Daraga, aside from topping the list, […]
Ownership of the University of Nueva Caceres change hands. Kind of. For decades, the Hernandez family of Naga city and Libmanan town used to own and manage the first and largest university in Bicol. But not anymore as the education arm of the Ayala Corporation, the AC Education, Inc., (AEI) […]
Naga City, Bicol’s financial, business, educational and religious capital now has a total net worth of over P4.675 billion, making it the richest local government unit (LGU) in the region, according to the Commission on Audit (COA). The City of Ligao, in Albay province, followed far second, with a total […]
Why Fuentebella’s Partido Development Administration got the axe. The administration is cleaning up the mess of the past. Or, so it seems. Recently, Malacañang abolished a Bicol-based Government Owned or Controlled Corporation (GOCC) created during the administration of former president Fidel V. Ramos. The Partido Development Administration (PDA) was snapped […]
While I am not required to explain why I am using English as the medium or language of this channel, I am too happy to explain why. Also, I think it is time to share our reason. Hello friends, Thank you for dropping by and watching this post. At the […]
Today, I temporarily place under my drawer the primary concern of growing more subs. Because today we go Chinese. I mean, I will talk in passing about the Chinese Zodiac as very soon the Chinese New Year will come with a bang on Feb 16, 2018 and end on Feb […]
The Malacanang palace on Saturday made known an official denial it has got no hand in the subpoenas issued by the National Bureau of Investigation to online xocial news network publisher Rappler chief executive officer (CEO) Maria Ressa and two others over cybercrime raps, Presidential Spokesperson Harry Roque said on […]
President Rodrigo Duterte has designated Undersecretary Rosalina Bistoyong as Officer-In-Charge of the Department of Agrarian Reform. She will occupy the vacated post of Rafael Mariano whose nomination was rejected by the powerful joint congressional Commission on Appointments last September 6. Bistoyong is a career executive service professional in the government […]
The residence of Mayor Jed Patrick Mabilog of Iloilo city on Thursday afternoon was the subject of initial inspection from a team of the National Bureau of Investigation.. Witness to the arrival of the inspection team include Ariel Castañeda, the head of the Local Economic Enterprise Office (LEEO) of the […]
My English classes in Grade Six will be the first set of pupils under the K-12 curriculum moving up to Grade 7 come March this school year. At this point, even while it is too early, I try to foresee the probable challenges and impact on their learning curve due […]
President Rodrigo Duterte’s blogger-supporter and now amply rewarded as Assistant Secretary in the office of Presidential Communication Operations Office has courted, again, the ire of netizens, specifically Twitter users. This time, tweets criss cross the internet calling for the ouster or removal of the former sexy dancer from her Malacanang […]
Thanks to the long known advocacy of the Greeenpeace group, the 4th Annual sky lantern flying activity in Legazpi city was eventually canceled by its organizers. The organizers of the 4th Annual sky lantern flying activity have decided today to cancel the event after it was met with strong opposition […]
Bangko Sentral ng Pilipinas wants you to know that it would be very difficult to produce a counterfeit of the new generation Philippine bank notes now in circulation. With the very stringent process, the bank note paper used made up of cotton with Philippine abaca, and all other security features […]
In its disclosure with the Philippine Stock Exchange (PSE) Monday, the Banco de Oro Unibank Inc. (BDO) registered a P13.3-billion net income in the first half of 2017, much higher than the PHP11.7 billion in the same period in 2016. The leading unibank of the country traced the improvement of […]
You only have to set foot on Calabanga’s heart (the ever commotion-packed Parada) in order to know its language. “Oatat ka man magmarat nin iwos?” a Calabangueño would ask you if you are a stranger. Several dialects would come rushing into your mind but not a single word from the sentence just uttered would equal that which you think you know.
Will Metro Manila commute improve with a new traffic czar? This is in the mind of many as the Secretary of the Department of Transportation Arthur Tugade designates Highway Patrol Group Acting Director Sr. Supt. Antonio Gardiola as Metro Manila’s new traffic czar. That was after the heads gathered together […]
The Sandigan Bayan First Division has been stopped, again, from proceeding with its trial on the plunder case against former President of the Philippines (POTP) Gloria Macapagal Arroyo, now on her second term as the 2nd district congressional representative of Pampanga. The Supreme Court of the Philippines (SCOTP) has extended […]
The May 2016 general elections is just a few months from now. Have you completed yet a list of senatorial candidates to vote? The Social Weather Station just released the result of their current survey on voter preference for senator. According to the result of the survey, the first five […]
During a portion of the war years the governor of Camarines Sur was Mariano Villafuerte. Together with wife, Soledad, eldest son Manuel, Japanese military officer named Kwasima, Villafuerte took a motorboat from Sabang, Calabanga and landed at the barrio of Vito in Siruma. The fleeing governor was looking for an influential leader named Pedro P to seek aid and become his intermediary, but who left with his own family much earlier before their arrival.
The big, influential businesses accumulate profits and get the government’s favorable attention much of the time. On the other side are hapless workers literally wrapped in the palms of big business, choking. Already, they howl and scream on the city streets yet get the caressing water guns of the government. Hence, workers are warped into a time very much comparable when there exist no justice for all but for the people wtih deep pockets and capital.
I strongly believe one of the most beloved pope in the world is Pope John Paul II. He visited the Philippines twice. The first historic and memorable visit to the city of Legaspi was on February 21, 1981. He made a return trip to the country during the World Youth Day Celebration in January 12-16, 1995 in Manila.
So this is it. No more outright collection of airport terminal fee for OFWS beginning March of 2017. This is a minor news for Overseas Filipino Workers, if ever. Beginning March 2017, OFWs will get exemption from paying the P550 airport terminal fee. This was confirmed by Manila International Airport […]
Yesterday, during the pre-fiesta parade celebration, many of these institutions fielded representatives showcasing the showmanship, talent and faces of their students. Consider how long the parade went on with the long list of participants. They presented exhibition and action fronting the makeshift review grandstand, right into that commercial area, everybody calls the “Parada”.
Bangko Sentral ng Pilipinas wants you to know that it would be very difficult to produce a counterfeit of the new generation Philippine bank notes now in circulation. With the very stringent process, the bank note paper used made up of cotton with Philippine abaca, and all other security features […]
About US S4.63 million, part of the $81 million stolen from Bangladesh Bank have been recovered and turned over at the Bangko Sentral ng Pilipinas main office in Manila Thursday afternoon. The money was returned by the lawyer of casino junket operator Kim Wong to officials of Bangladesh, BSP and […]
This should completely erase the doubt. Senator Grace Poe-Llamanzares is a natural-born Filipino and also complied with the residency requirement to run for president in the May 9, 2016 elections. This was declared by the Supreme Court of the Philippines (SCOTP) in a 47-page decision released on Friday on the […]
MANILA, Aug. 17 – The Supreme Court of the Philippines (SCOTP) on Tuesday directed Philippine National Police Director (PNP) General Ronald Dela Rosa (pictured above) and Philippine Drug Enforcement Agency (PDEA) Director General Isidro Lapena to submit complaint-affidavits against four active judges who were allegedly linked to illegal drug trade […]
Presidential candidate and Senator Miriam Defensor Santiago said the next leader of the country should have moral excellency apart from being excellent academically and professionally. In her statement during the Presidential Debate held in Cagayan de Oro City on Sunday, the lawmaker said she believes that it is important that […]
In its disclosure with the Philippine Stock Exchange (PSE) Monday, the Banco de Oro Unibank Inc. (BDO) registered a P13.3-billion net income in the first half of 2017, much higher than the PHP11.7 billion in the same period in 2016. The leading unibank of the country traced the improvement of […]
Sharing this much watched ‘WHAT IS A WOMAN’ documentary of conservative YT channel Daily Wire. On June 1, 2023, the documentary movie starring Matt Walsh of ‘What is a Woman’ was posted online via Twitter. In the first few hours of publication, the movie hit the proverbial stumbling block of […]
The town of Daraga in Albay province, has total assets of P1.029 billion making it to the top of the list among the richest municipal local government units (LGU) for 2017, besting 106 others in Bicol region, according to the Commission on Audit (COA). Daraga, aside from topping the list, […]
After the May 10, 2010 general elections, the local government of Siruma and its town folks received its first ever and most distinguished visitor of the land, and a surprise yet.
Sunday, September 17, 1972. At a distance, yesterday, the Colgante bridge looked beautiful, with colorful buntings and lighted with different colored bulbs. As the day’s sun descended, the bridge’s silhuette on the Naga river provided a lovely backdrop for the still unfolding culmination of the Peñafrancia religious festivities.
The banca operator is so experienced he managed to device a system of not going straight ahead after departing from Balongay but instead maneuvers a sharp curved route to curtail the push and shove of the current. Imagine being in a crib on a rocking motion. Just looking at the transport boat, do not expect amenities of comfort for the seat will be a piece of bamboo pole nailed across its rim.
The domestic airport in Pili serving metropolitan Naga and the provinces of Camarines Sur and Camarines Norte will soon be capable of catering to evening flight take-off and landing operations. The Naga airport, which is operated by the Air transportation Office (ATO) of the Department of Transportation and Communications, has […]
We focus our attention on the volunteer devotees, the people that paddles manually the boats all stringed together pulling the “vancuerna” or “pagoda” or the barge that carries about one hundred fifty people including the images of the Virgin of Peñafrancia and the Divino Rostro.
The thirteenth edition of the colorful and now popular “Voyadores festival” was held yesterday at the parochial grounds of Naga Metropolitan Cathedral. The show of colors and body movements through street dancing was focused on the alternative expression of piety and devotion to Our Lady of Peñafrancia (Ina) through music and vibrant dancing.
During the initial days of the new administration, many were shocked (sic) on how voluminous the past government imported rice from other Asian countries. The issue was heightened when some National Food Authority warehouses were found with rotting stockpiles of the commodity.
