BSP to convert Libyan dinar until June 30 only
The Monetary Board of Bangko Sentral ng Pilipinas (BSP) said it will terminate the Currency Exchange Facility (CEF) for Libyan dinars. The facility was established in March to help overseas Filipino workers (OFWs) displaced by the strife in the North African country. With the CEF, each OFW may exchange up to P10,000 worth of Libyan [...]
April 29, 2011
· 
Roy · 
No Comments
Tags: bank, banking, BSP, exchange rate, foreign currency, Foreign exchange, forex, Libyan dinar, money, OFWs, Philippines · Posted in: Announcement, banking, Consumers, e-commerce, finance, Foreign exchange, Government, International relations, money, OFWs, Philippine banks, Philippine business news, Philippines
Peso seen at P41.50:$1 this year
In spite of the continuous strengthening of the Philippine Peso, London-based Barclays Capital says it sees the the peso at P41.50 to $1 instead of P40 to $1 this year. This is because of the continued increase in global oil prices. According to the latest research note of Barclays Capital economist Prkriti Sofat, the investment [...]
March 13, 2011
· Roy · No Comments
Tags: Barclays Capital, economy, finance, Foreign exchange, global, money, Philippine peso, US dollar · Posted in: banking, economy, entrepreneur, entrepreneurship, finance, Government, money, Philippine business news, Philippines
iRemit to open more branches in Europe
After securing a license to operate in Europe, iRemit made true to its commitment of servicing overseas Filipino worker (OFWs) staying in the region with iRemit Europe. Now, still the largest Filipino-owned non-bank remittance company, iRemit wants to strengthen its presence in Europe as it plans to open more branches in major cities in the [...]
May 7, 2010
· Roy · No Comments
Tags: business news, finance, foreign currency, Foreign exchange, iRemit, Italy, money, non-bank, OFW, overseas Filipino workers, Philippines, remittance, Rome · Posted in: Announcement, banking, Consumers, Customer Service, economy, finance, Foreign exchange, International relations, money, OFWs
Philippine Peso to climb up to P43 to $1
In spite of the prediction of some economist that the peso will soon weaken, especially during the coming elections, it continues it upwards surge. According to American banking giant Citigroup, it even sees the peso strengthening to 43 to $1. According to Citigroup economist Jun Trinidad, the country’s “export earnings as well as the tightening [...]
April 20, 2010
· Roy · No Comments
Tags: dollar, dollar trading, economy, Foreign exchange, forex, money, Peso, Philippine · Posted in: economy, finance, Foreign exchange, money, Philippines
Peso seen to weaken anew
After its continued rally last week, where it breaks into the P44 mark, economists say that peso is seen to weaken anew, adding that it would be seen retreating back to P46-to-$1 at the height of the local and national elections. Having a pause from its seven-day rally against the dollar last Thursday, the local [...]
April 10, 2010
· Roy · One Comment
Tags: business news, finance, Foreign exchange, money, P46 to $1, Philippine pose, US dollar · Posted in: banking, Consumers, economy, finance, Foreign exchange, money, Philippine business news, Philippines
PNB, Bank of China tie up in handling remittances
Philippine National Bank (PNB), the country’s seventh largest bank in terms of assets, has signed an agreement with the Bank of China (BOC) in handling remittances of Chinese nationals who are based in Italy. PNB’s tie-up with BOC expands the market coverage PNB Italy SpA, which was established primarily to facilitate remittances of Filipinos who [...]
April 8, 2010
· Roy · No Comments
Tags: agreement, Bangko Sentral, bank, Bank of China, banking, Boc, contract, Foreign exchange, money, network, OFW, Philippine National Bank, Philippines, PNB, remittances · Posted in: banking, Corporations, economy, finance, Foreign exchange, money, OFWs, Philippine banks, Philippines
Peso to reach P44 to $1
Prakriti Sofat, an economist from leading global investment house Barclays Capital said the peso could reach 44 to the dollar level by the end of the year because of recovery in exports and the steady inflows of remittances. In the report from Philippine Star, Sofat said the outlook for Philippine exports remains positive given the [...]
March 14, 2010
· Roy · No Comments
Tags: dollar, economy, export, Foreign exchange, forex, Peso, Philippines, remittances · Posted in: banking, Consumers, entrepreneur, finance, Foreign exchange, Government, investments, money, Philippine business news
Yuan-denominated products offered in BPI
Major banks in the Philippines are now offering yuan-denominated savings accounts. The latest to join the ranks of local banks who offer these products is the Bank of the Philippine Islands. The yuan or Renmibi products of BPI would be opened in the first week of the new Chinese New Year of the Metal Tiger. [...]
February 14, 2010
· Roy · No Comments
Tags: Banks, Chinese currency, Foreign exchange, money, Philippines, Renminbi, yuan · Posted in: banking, Corporations, Customer Service, economy, finance, Foreign exchange, International relations, money, Philippine banks, Philippine business news, Philippines, Products
