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December 18, 2020 | 5:19 pm Font Size
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THE PESO weakened against the greenback on Friday as the central bank said it expects faster inflation this year and in 2021.
The local unit closed at P48.085 per dollar on Friday, shedding four centavos from its P48.045 finish on Thursday, data from the Bankers Association of the Philippines showed.
Week on week, it also depreciated by 1.5 centavos from its P48.07-per-dollar close on Dec. 11.
The peso opened Friday’s session at P48.05 per dollar. It reached a high of P48.04 while its closing level was its weakest showing for the day.
Dollars traded rose to $797.82 million on Friday from $674.59 million the previous day.
December 17, 2020 | 9:00 pm Font Size
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The peso appreciated slightly against the dollar on Thursday on news that proposed stimulus programs here and in the United States are making progress.
The local unit closed at P48.045 per dollar on Thursday, inching up by 2.1 centavos from Wednesday’s finish of P48.066, data from the Bankers Association of the Philippines showed.
The peso started the session at P48.06 against the greenback. It depreciated to as low as P48.07 and peaked at P48.04 per dollar.
Dollars traded rose to $674.59 million on Thursday from $499.86 million the day prior.
The peso inched up over positive news on developments over proposed stimulus measures in the Philippines as well as in the US, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said.
BPI chief exec to retire in April 2021; successor named
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At their year-end meeting on Wednesday, Dec. 16, the board of directors of the Bank of the Philippine Islands approved the succession plan for Jose Teodoro “TG” Limcaoco to succeed Cezar “Bong” Consing as president and CEO effective April 22, 2021.
Cezar “Bong” Consing
The board also thanked Consing, 61, for consenting last year to extend his term as president and CEO in order to help ensure an effective transition and for his stewardship especially during this year’s crisis.
Earlier this month, Consing, was elected board director of Ayala Corporation, BPI’s largest shareholder. After his term as president and CEO, he will remain a board director and executive committee member of BPI.
December 16, 2020 | 9:00 pm Font Size
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THE PESO barely moved against the greenback on Wednesday as investors waited on the sidelines for the policy decision of the Bangko Sentral ng Pilipinas (BSP) and following the latest uptick in oil prices.
The local unit closed at P48.066 a dollar, depreciating from its Tuesday finish of P40.063, data from the Bankers Association of the Philippines showed.
The peso traded within a tight range, opening the session at P48.06 versus the dollar. Its weakest showing was its close of P48.066 while its strongest level was at P48.05 against the greenback.
Dollars exchanged inched up to $499.86 million on Wednesday from the $490.65 million seen on Tuesday.