A peso fall to the 60-level against the US dollar remains “a possibility” despite the Bangko Sentral ng Pilipinas’ (BSP) decision to hold rates steady, Governor Eli Remolona Jr. said, adding that ...

MANILA, Philippines — The Supreme Court (SC) has ruled that foreign currency deposit accounts are exempt from estate tax under Republic Act 6426, also known as the Foreign Currency Deposit Act of the ...

The Bangko Sentral ng Pilipinas’ (BSP) foreign currency and deposits overseas decreased by 52.3 percent as of the end of November 2024 to $1.877 billion compared to $3.938 billion same time in 2023.

“Despite market volatility, the offering’s success demonstrated the Republic’s ability to efficiently capture conducive market conditions and launch a jumbo dual-currency transaction,” the BTr said.

But they’re far from the most valuable out there right now. Hint: It usually helps if a country’s currency is backed by valuable oil reserves and a strict monetary policy. The Euro is the second-most ...

A speeding motorcycle fell and caught fire after hitting two pedestrians crossing Taft Avenue in Manila. According to Jamie Santos' report on "24 Oras," one of the pedestrians was killed while the ...

The Waterbomb Festival is officially coming to Manila—and the lineup looks so exciting and interesting. The event will be showcasing a total of 37 artists for its two-day run in Manila. From there, we ...

The days of getting important documents in the mail instead of a PDF may be waning, but there’s still plenty of mileage left in the Manila envelope. The oversized, heavy-duty enclosures can send ...

MANILA, Philippines — A magnitude 5.5 earthquake jolted Batangas and Metro Manila last night, according to the Philippine Institute of Volcanology and Seismology (Phivolcs). State seismologists ...

Donald Trump’s first day in office has whipsawed global markets, with traders zeroing in on a warning over currency manipulation which may spark greater volatility ahead. A fact sheet from the ...

The Sandiganbayan has sentenced former Quezon City mayor Herbert Bautista and his former city administrator Aldrin Cuña to six to years imprisonment for the anomalous computerization project worth P32 ...