^

Business

Peso extends decline midday Thursday

The Philippine Star
January 16, 2014 | 12:41pm

MANILA, Philippines - The peso extended its decline against the dollar midday Thursday, as it settled at 45.096, weaker than its 45 finish yesterday.

Total volume reached $472.4 million as of Thursday afternoon, higher than the $411.4 million posted the same time yesterday.

The peso returned to the 45 to $1 range yesterday after more than three years, when it hit 45.08 to a dollar last Sept. 1, 2010.

Bangko Sentral ng Pilipinas Governor Amando Tetangco, Jr. attributed the peso's decline to uncertainties surrounding the speed and duration of the United States Federal Reserve's tapering.

AFTERNOON

AMANDO

ATTRIBUTED

BANGKO SENTRAL

DECLINE

DOLLAR

MILLION

PESO

PILIPINAS GOVERNOR AMANDO TETANGCO

UNITED STATES FEDERAL RESERVE

YESTERDAY
  • Latest
  • Trending
Trending
Latest
Trending
abtest
abtest
Trump threatens to take back control of Panama Canal

Trump threatens to take back control of Panama Canal

1 day ago
Incoming US president Donald Trump on Saturday slammed what he called unfair fees for US ships passing through the Panama...
Business
fbtw

Poor business model

By Boo Chanco | 1 day ago
The Metro Manila condo oversupply, now equivalent to 34 months, is not surprising.
Business
fbtw
Google counters bid by US to force sale of Chrome

Google counters bid by US to force sale of Chrome

2 days ago
Google late Friday countered a US call to sell its Chrome browser, suggesting a judge address antitrust concerns by barring...
Business
fbtw
Oil prices up in Christmas week

Oil prices up in Christmas week

By Jean Mangaluz | 8 hours ago
Motorists will face an oil price hike this Christmas, as fuel companies increase prices by up to P1.45 per liter during the...
Business
fbtw
Foreign debt hits record $139.64 billion

Foreign debt hits record $139.64 billion

By Keisha Ta-Asan | 1 day ago
The country’s external debt hit an all-time high of $139.64 billion in end-September due to higher borrowings of the...
Business
fbtw
Latest
abtest
Bargain-hunting brings holiday cheer to market

Bargain-hunting brings holiday cheer to market

By Richmond Mercurio | 1 hour ago
Investors brought some holiday cheer to the local stock market ahead of a two-day break.
Business
fbtw

Getting water out of a dry towel

By Rey Elbo | 1 hour ago
Almost every year, whenever my clients visit the Toyota Kaikan Museum in Toyota City, Aichi, we are often reminded of many basic lessons about the Toyota Production System, which includes a thought-provoking exhortation...
Business
fbtw
Philippines to slap P60/MT fee on imported sugar alternatives

Philippines to slap P60/MT fee on imported sugar alternatives

By Jasper Emmanuel Arcalas | 1 hour ago
The government will slap a clearance fee of P60 per metric ton on imported sugar alternatives and other sugar-based products,...
Business
fbtw

Digital transformation for 2025 and beyond

By Gilbert Trinchera | 1 hour ago
The Philippines is entering an exciting phase of digital transformation, poised to unlock opportunities that could reshape its economic and social future.
Business
fbtw
BOI certifies P4.5 trillion projects for green lane processing

BOI certifies P4.5 trillion projects for green lane processing

By Louella Desiderio | 1 hour ago
The government has certified P4.51 trillion worth of projects to go through green lane services for faster processing of licenses...
Business
fbtw
Recommended
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with