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Third straight day that peso hit new record lows (Eagle News) – The Philippine peso sank to a new record low of P58.49 to a US dollar on Thursday, September 22, the third straight day that the peso had gone down to record lows. On Wednesday, Sept. 21, the peso went down to P58 to a dollar, and the previous day, Tuesday (Sept. 20), it closed at P57.48. This came about as the US […]
(Eagle News) — President Rodrigo Duterte has appointed two members of the Bangko Sentral ng Pilipinas’ seven-member Monetary Board. The BSP said V. Bruce J. Tolentino and Anita Linda R. Aquino will serve as full-time representatives of the private sector in the BSP’s highest policy-making body. Tolentino, who first joined the board on June 18, 2018, will have a fresh term of six years after serving the unexpired balance of the term of Valentin A. […]
(Eagle News)–The Palace on Wednesday, March 6, said Bangko Sentral ng Pilipinas governor Ben Diokno did not need to get the approval of the Commission on Appointments after all. Presidential Spokesperson Salvador Panelo issued the statement a day after he said the Palace was confident Diokno would get the nod of the CA for his appointment. “After further evaluation of relevant laws and jurisprudence surrounding the appointment of former Secretary of Budget and Management Benjamin […]
(Eagle News)–Deputy Governor Almasara Cyd Tuaño-Amador has been named officer-in-charge of the Bangko Sentral ng Pilipinas following the death of Nestor Espenilla. The BSP said this was until President Rodrigo Duterte appoints the new head of the country’s Central bank. According to the BSP, the decision to make Tuaño-Amador officer in charge was made in a special meeting by the Monetary Board, the BSP’s policy-making body. Espenilla passed away on Saturday after battling tongue cancer. He […]
