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Money Matters

PH forex rates stand firm vs USD

THE Philippine Peso continues its steady exchange rates following a recent fall vs USD. Philippine Equities (PSEi) earlier last week put a stop to a 6 day climb by yielding to profit-taking. Where industrial companies took the most damage by 1.43%. Forex rates of Peso to USD45.76, EUR 50.19, AUD ...

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Gas beneath WPS enough to energize, boost economy

MANILA – The natural gas resources beneath the West Philippine Sea are so vast the cleaner fuel could energize the Luzon, Visayas and Mindanao grids for at least 20 years, the Liquefied Petroleum Gas Marketers’ Association (LPG-MA) on Sunday said. “This is one of the compelling reasons why we have ...

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BSP to award Armm investment board today

Marawi City – The Autonomous Region in Muslim Mindanao’s (ARMM) investment board will receive an award from the BangkoSentralngPilipinas (BSP) in recognition of the important role of business investment in the Mindanao peace process. The ARMM’s Regional Board of Investments (RBOI) will receive the BSP’s Award for Outstanding Partner for ...

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NEA gives Davsur electric cooperative ‘Triple A’ rating

DIGOS City – The Davao del Sur Electric Cooperative (Dasureco), the only power distributor in the 14 municipalities and one city in the province, was recently rated for the third time a Triple A for its performance by the National Electrification Administration (NEA). During the 22nd NEA-Electric Cooperatives Consultative Conference ...

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Peso down ends week sideways vs. greenback

MANILA – The Philippine peso ended the week sideways to a dollar as investors await the July 2015 non-farm payrolls report in the US. It ended the day at 45.74 from 45.79 a day ago, which a trader attributed to expected increase in the non-farm jobs in the sixth month ...

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Local exporters to take part in Sial 15’

FOUR (4) local food exporters took part in the leading international food exhibition network, Salon International de I’Agroalimentaire (Sial). Sial started in Paris in 1964 and has now six (6) major exhibits every year targeting big markets or trade blocs such as Europe, Brazil, China, Canada, Middle East and the ...

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