BSP credits PNoy for a strong PH central bank

The independent Bangko Sentral ng Pilipinas (BSP) said it was President Benigno S. Aquino III who enabled the BSP to have a buffer by providing it — finally after past presidents’ inaction – to be sufficiently capitalized in 2012. “The BSP deeply appreciates President Aquino’s support for the BSP’s mandates and advocacies, especially in ensuring… Continue reading BSP credits PNoy for a strong PH central bank

Philippine retailers cite PNoy’s economic legacy

Former President Benigno Aquino III will be remembered for his "good governance" leadership which led to relatively high growth rates during his term, the Philippine Retailers Association (PRA) said on Friday as the group mourned his untimely death.

P/$ rate closes at P48.481/$1

The peso closed  higher  at P48.481  to the US dollar  Friday,  (Junes 25)  from P48.735  the previous day.  The weighted average rate appreciated to P48.57  from P48.838. Total volume amounted to $985.2 million according to the Bankers Association of the Philippines.

EDC sets PDEx listing of oversubscribed P5-B green bonds

Lopez-led Energy Development Corporation (EDC) listed on Friday (June 25) with the Philippine Dealing and Exchange Corporation (PDEx) the P5.0 billion first tranche of its ASEAN green bonds. The issue, which has been oversubscribed due to buoyed interest of investors, is part of the P15 billion ASEAN green bonds shelf registration of the energy firm.… Continue reading EDC sets PDEx listing of oversubscribed P5-B green bonds