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)
Enter your email address to subscribe and receive notifications of latest stories. By Signing Up, You Agree To Our Privacy Policy And European Users Agree To The Data Transfer Policy.
*18
****
SUGGESTED FOR YOU
****
Let's create community! Tell us your thoughts on this article. If logged in with any of your Wordpress.com, Twitter, Facebook, Google+, or registered on this site before, then you can simply write your comment below. Thanks and appreciate your feedback. Cancel reply
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 […]
This is a throwback post on the feature documentary about the Philippine Eagle. The much awarded and acclaimed film work about the rare and critically endangered Philippine Eagle was officially released less than a year ago. The feature documentary already shown outside the Philippines and gathered rave reviews and praises […]
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 […]
This should confirm the long suspected plunge of the peso vis-à-vis the US dollar. Now the peso is seen to weaken further beyond the range of 48-50 until the end of year 2017. If it does, which is srongly possible, President Rodrigo Duterte’s economc managers are missing something. Yet, it […]
Soon, piggy bank savers will have to unload before the coins become worthless. It is because the Philippines’ Bangko Sentral (BSP) is set to release new generation coins with security features before the end of this year. Coins that will have a makeover include the one centavo, fifty centavos, one […]
We speculate on the fate of Ninio Hilario Fetalvo, Bicol’s man in Washington, USA. Will he stay longer, like maybe beyond August of 2017? Fetalvo earlier worked as Florida Communication Director for the Republican National Committee under Sean Spicer before joining him in the White House as Assistant Press Secretary. […]
Robin Padilla, ARMM officials, bring Valentine joy to Mamasapano folks MAMASAPANO, Maguindanao, Feb. 15 – A movie star and his TV personality-wife, together with the ARMM regional governor and his wife, on Saturday gave “extra love” to thousands of Muslim civilians displaced and affected by the Jan. 25 encounter here. […]
Fifty eight years last month, in November 18, 1952, the former mayor of Calabanga town unveiled a donation of a (cement) bench located at the plaza. Now with the onslaught of change and modest modernization, the bench still occupies its original location. But it has served its purpose and the passage of time clearly made its mark.
The Philippines was included in the Zika virus-related travel advisory by the United States. The U.S. government on Thursday issued the advisory, recommending pregnant women to consider postponing non-essential travel to identified countries in the region. Ten other countries majority in the Southeast Asian region are also in the list, […]
As the Jolliibee Valentine marketing series invade the fancy of netizens and become viral, it also brought in various reactions. These reactions swarm into various social network sharing platforms like YouTube, Facebook and Twitter. Down below we share selected reactions that range from funny and otherwise. A Youtube user posted […]
Come South, CamSur. For all our friends, kababayan, visitors and prospective tourists, come and enjoy the hospitality, sights, sounds, food, adventure, amenities and many more of the premier province of Bicol. Appearing on this tourism campaign commissioned by the provincial government is the singer and movie actor Karylle with the […]
MANILA, Nov. 8 — In a 9-5 vote, the Supreme Court of the Philippines (SCOTP) dismissed all petitions seeking to block the burial of former President Ferdinand Marcos at the Libingan ng mga Bayani in the City of Taguig. This spells victory for burial proponent, President Rodrigo Duterte. The SC […]
I-Witness Account of the Quest for the Largest Human No-Smoking Sign in Albay Last June 28, 2013 on a bright Friday morning Albayanos converged in Albay park and orderly marched towards the football field of the Bicol University main campus. The massive event was in participation to the quest, and […]
Senator Grace Poe said on Tuesday she felt disappointed with the decision of the Commission on Elections Second Division disqualifying her from running for president due to failure to meet the residency requirement in the Constitution. In her press statement, Poe said she will continue to fight particularly for the […]
It is now thirty one days into the 6-year term of President of the Philippines (POTP) Rodrigo Duterte. The most brazing accomplishment that splattered the face of national news were the blood and lifeless bodies of suspected drug users and pushers in various parts of Metro Manila and elsewhere in […]
After a long wait, definitely the truth will set free whoever was or is encumbered on the sexual harassment case that was filed by an OFW from Kuwait against a Philippine ambassador to that mideast nation. We are referring to Ambassador Shulan Primavera who was accused by “Mabel,” a Filipina […]
DAVAO CITY – Presumptive President-elect and Davao City Mayor Rodrigo Duterte will formally receive well-wishers at the privately-owned clubhouse of Matina Enclaves residential condominium here on Monday. Peter Laviña, spokesperson of the Duterte camp, said he was not sure if the mayor would be meeting the public. He said Monday […]
Two family members of slain suspected drug pushers appeared at the Senate Monday during the inquiry intextrajudicial killings under the Duterte administration’s war on illicit drugs. The witnesses, who were wearing hoodies recounted how Philippine National Police (PNP) officers abused the suspects even though they were only accused of being […]
SORSOGON CITY — All thirty-two international beauties from countries over the world descended on this city Tuesday to compete in the “Resort Wear” segment of the Ms. Earth International competition on Wednesday at the provincial gymnasium. The candidates arrived late Tuesday morning from Metro Manila and proceeded to the Siama […]
The Senate approved on third and final reading on Monday a bill which seeks to mandate the installation of a speed limiter in all public utility buses (PUBs). Voting 19-0, the senators passed Senate Bill No. 2999 which is aimed at reducing road accidents by requiring buses to install speed […]
The National Bureau of Investigation Task Force Talaba (Tanim-Laglag Bala) on Thursday filed before the Department of Justice criminal complaints against two employees of the Office of Transportation Security and four personnel of the Philippine National Police Aviation Security Group. DOJ Undersecretary and Spokesman Emmanuel L. Caparas identified the respondents […]
LEGAZPI CITY — The city government of Legazpi will soon receive a P12M grant from the World Bank to finance the closure and rehabilitation of an old dump site and the operation of an adjacent landfill in Banquerohan, here. Mayor Noel Rosal said on Monday a WB supervision team and […]
The National Museum of the Philippines has come up with identifying more national cultural treasures and cultural treasures, the latest batch in 2015. The National Museum (Pambansang Museo ng Pilipinas) is a government institution which serves as an educational, scientific and cultural institution in preserving the various permanent national collections […]
Manila — The official palace spokesperson is giving an advance information on what news developments everybody can look up to this week. One that interest all and sundry is the landmark decision from the United Nations Arbitration decision on the West Philippine Sea which is up for release on Tuesday, […]
The town of Siruma boasts of white sand beaches almost equal to that of Caramoan’s. But wait, the beaches of Siruma languishes for attention and development. Camarines Sur has invested, time and resources for Caramoan’s development and Siruma is waiting.
These candidates who trace their roots to Bicol have spent a total of P.979 billion already from February 9 to April 27, 2016 for television advertisement alone according to the Nielsen Media data. The list is topped by Liberal Party vice presidential candidate and Camarines Sur 1st district freshman representative […]
Big money projects under the government’s Public Private Partnership program is a crowd drawer among investors. The P171-billion South Line of the North South Railway Project (NSRP) under the public-private partnership (PPP) program has attracted five firms already. Leading the pack of parties interested include Ayala Corp., Metro Pacific Investments […]
Watch and listen as President Rodrigo Duterte, time and again repeat a very personal story, his journey to the presidency at the testimonial dinner hosted by the San Beda College of Law. The event was held July 14, 2016 at the Club Filipino in San Juan city. Duterte is the […]
ORMOC CITY, Leyte — Undaunted with the prospect of holding no Cabinet post designation under the incoming administration of President-elect Rodrigo Duterte, Leni Robredo will still work on her advocacies. A Robredo spokesperson, Georgina Hernandez, declared that Vice President-elect Robredo would engage the participation of the private sector to fulfill […]
Amnesty International, in a report Monday, said that Philippine authorities have not convicted any perpetrators of torture since passing the country’s Anti-Torture Act on November 10, 2009, and have thus failed to address the problem of torture in detention facilities throughout the country. “Philippine authorities are failing to tackle torture […]
