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Peso appreciates to P56-level

The peso strengthened vis-à-vis the softer US dollar on Wednesday, Nov. 23, at P56.94, appreciating by P0.43 from its close of P57.37 the day before.
This is the first time the peso was back at the P56-level since the first week of July this year.
Based on Bankers Association of the Philippines ....

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Peso above P55 to persist, analysts expect more rate hikes – BSP

The Bangko Sentral ng Pilipinas, which does not target a peso-US dollar level, said it could remain above the P55 level until next year and possibly in 2024.
In its latest November Monetary Policy Report (MPR), released on the day the Monetary Board raised the policy rate anew by 75 basis points ( ....

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'P1.26 billion fund commitment averts power crisis in Luzon, Mindanao'

A commitment from the leadership of the Department of Budget and Management to release P1.26 billion in funds has prevented a looming power crisis not just in Mindanao, but also in some parts of Luzon. ....

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Angara: Senate to focus on health response amid tight fund availability

With the current tight fund availability to finance the proposed 2022 P5 trillion national budget, the Senate will focus on the health response of the country to the COVID-19 pandemic.
Senator Juan Edgardo ‘’Sonny’’ M. Angara, chairman of the Senate finance committee, said his colleagues noted the ....

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