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)
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
Watch here the 2024 Traslacion Procession of the venerated images of the Virgin of Penafrancia and the El Divino Rostro. But first, below, is the coverage of the first procession of the early morning. The Transfer of Ina to the Old Shrine and celebration of the Feast of the Divino […]
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 […]
This is only a passing question for residents living around the City of Naga and also of towns nearby, and maybe of Camarines Sur province, too. Have you visited the Jesse Robredo museum yet? If not, then come on, let’s join Vice-President Leni Robredo show us around. The VPOP is […]
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 […]
LEGAZPI CITY, Feb. 27 — Calls and suggestions to declare Xian Lim as persona non grata in Albay, which was first suggested and mentioned on this site, yet Governor Joey Sarte Salceda did not yield, saying doing so contradicts their campaign to promote Albay. The tsinito charm and attraction of […]
Laguindingan Airport in Misamis Occidental was gripped in fear when a man commandeered a passenger van in the airport compound and breached the main gate on Monday. Police identified the suspect as Victor Samban of Malaybalay City, Bukidnon. Junal Andaya, the driver of the commandeered passenger van, said that the […]
What is important, an abandoned old city hall or a new mall in its place? [flexiblemap address=”Old City Hall building, Iriga City, Camarines Sur, Bicol” region=”Bicol” directions=”true” width=”100%” height=”250px” zoom=”18″ ] This is the bone of contention and friction point between four barangay captains of Iriga city against its mayor […]
Alleged drug trafficker and coddler Mayor Rolando Espinosa, Sr. of Albuera town, Leyte province has surrendered to police authorities. The mayor was the subject of President Rodrigo Duterte’s ultimatum on Monday, ordering him to surrender within 24 hours or ultimately confront with the “shoot on sight” directive to the police. […]
Controversial Liberal Party member and (North) Cotabato Governor Emmylou Taliño-Mendoza faces corruption charges before the Sandiganbayan for illegal procurement in 2010 of diesel fuel worth P2.4 million from a gasoline station owned by her mother. Mendoza, who received the ire over the recent Kidapawan farmers bloody dispersal operation of the […]
The Ninoy Aquino International Airport (NAIA) has been placed in full alert status following Friday’s bombing in Davao City. Manila International Aairport Authority general manager Ed Monreal clarified that the alert status was raised as a proactive measure to ensure safety and security of airport users. Monreal clarified that the […]
Tourism industry in the Bicol region leaped a considerable improvement beginning last year when it ranked fourth overall compared to other regions of the country.
The National Bureau of Investigation (NBI) is now looking deeper into the proliferation of alleged ‘bullet-planting’ (laglag bala) incidents at the Ninoy Aquino International Airport and determine whether there are groups behind the scam. This development came after the Department of Justice-formed seven-man NBI task force has been given 15 […]
What President Duterte Wants for Christmas from the USA, European Union and the UN? Philippine President Rodrigo Duterte has been busy and very generous, using his colorful loud mouth, at dispensing felicitations to the leaders and organizations of the world community. But instead of gaining more respect and stature, what […]
The ‘phenomenon’ is back. The (stock market) ghost month begins. The benchmark Philippine Stock Exchange index (PSEi) dived 149.34 points, or 1.86 percent to 7,888.44 from previous day’s 8,037.78 finish on Wednesday. Almost all counters suffered a massive decline, led by services and holding firms that plunged 2.85 percent and […]
It is a good thing that the government is focused on the welfare of the Overseas Filipino Workers. But why open a separate bank for OFWs? The present crop of government officials under the Duterte administration, and so so true of the past ones, has no trust that existing government […]
Research group IBON calls on lawmakers deliberating on the budget for the controversial Conditional Cash Transfer (CCT) Program to look into the resulting additional debt burden that Filipinos will shoulder to repay the program’s loans.
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 […]
Watch the Canonization of Pope John XXIII and Pope John Paul II. On the Second Easter Sunday Pope Francis presides over the Holy Mass for the Canonization of the Blessed John XXIII and John Paul II, St. Peter’s Square. Scheduled for Apr 27, 2014 Author Recent Posts Sr. Editorial Staff […]
The tourist town of Puerto Galera of Mindoro Oriental hosts the 11th World Congress on ‘Most Beautiful Bays’ slated on February 1 to 6. It is one of the major events under the mantle of Visit the Philippines Again 2016 campaign of the Department of Tourism. This early, 18 countries […]
Named respondents in the complaint of serious illegal detention filed by former Iglesia Ni Cristo minister Isaias Samson failed to appear at the hearing of the Department of Justice on Friday. Only complainant Samson and the members of his family with their legal counsel Atty. Trixie Cruz-Angeles made it to […]
A Bicolana stunner from Placer town of Masbate reigns as Sinulog 2016 Festival Queen. Cynthia Thomalla, the fairest of all contenders is a tourism student. The lucky lady also won eight special awards including Miss Photogenic, SM Sinulog Festival Queen, Miss OLX Philippines, Miss Kokuryo Cosmetics, Yamaha Rev Queen, Miss […]
The Philippine Drug Enforcement Agency (PDEA) in Davao doused cold water on the claims of a presidential candidate that anyone can buy drugs in the city. PDEA region 11 Director Adzhar Albani refused to be dragged to political mudslinging over the drugs issue in Davao City but defended the city’s […]
Security during the Holy Week feastivities and summer season is now in place, according to top Philippine National Police Bicol official on Tuesday. Bicol regional director Police Chief Supt. Augusto M. Marquez Jr. said his directive for this purpose stands effective up to May 31. The summer vacation and holy […]
With opponents having conceded defeat, the elected, new president of the Philippines (POTP) is Davao City mayor Rodrigo Duterte. The maverick candidate from Mindanao garnered 15,763,349 votes, Manuel Roxas II with 9,595,188 votes, Grace Poe with 8,857,728 votes, Jejomar Binay with 5,263,232 votes and Miriam Defensor Santiago with 5,263,232 votes. […]
This is how concerned individuals would file their Philippine Social Security System retirement paperworks for flawless and prompt processing of benefits. With 11% of our readers and browsers in the age bracket of age 55 and up, we are sharing the informative video produced by the system for general information. […]
Various studies conducted by government agencies and non-government entities just showed a rise in teenage pregnancy in the Bicol region. The study also revealed that pre-teen girls from age 15 to pre-adult 19 are sexually active, from a low of 6.3% in 2002 to a jump of 7.3% in 2013. […]
Driven by the ASEAN Open Skies framework, airlines in the region, are up to stiff competition between and among its operators. The new regime on the regional airline industry allows an ASEAN-based carrier unlimited fifth freedom rights to fly from one member country to any city in the region. A […]
Three current and previous officers of the National Printing Office are in hot water. This after the National Bureau of Investigation has asked the Office of the Ombudsman to file graft charges over alleged anomalous P74-million printing deal with four private companies. The NBI said NPO Director Sherwin Prose Castaneda, […]
