Weaker peso curbed remittances in Nov

Money sent home by overseas Filipinos at six-month low of $2.81B ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     

 

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January 16, 2025

 

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FOREX

Weaker peso curbed remittances in Nov


Money sent home by Filipinos abroad fell to the lowest level in six months in November 2024, as a weak peso allowed overseas workers to save on their cash transfers. Latest data from the Bangko Sentral ng Pilipinas (BSP) showed that cash remittances coursed through banks had amounted to $2.81 billion in November. 


By Ian Nicolas P. Cigaral

 

TRANSPORTATION

MPTC raising up to P50B to trim debts


Metro Pacific Tollways Corp. (MPTC), which is invested in toll road expansion here and abroad, is set to raise P30 billion to P50 billion this year mainly to lessen its obligations ahead of the planned merger with the tollways unit of San Miguel Corp.


By Tyrone Jasper C. Piad

 

UTILITIES

Maynilad pushes for 2025 bourse debut


Maynilad Water Services Inc. is hoping to pursue its stock market debut this year or ahead of the deadline under its agreement with the national government, as the company continues talks with its financial advisors.


By Meg J. Adonis

 

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BIZ BUZZ

Wanted: New BSP deputy governor


The Bangko Sentral ng Pilipinas (BSP) is in need of a new deputy governor.

The successful applicant will lead the monetary and economics sector of the central monetary authority. The position is currently occupied by Francisco Dakila Jr., who is rumored to be retiring soon. And Dakila will leave big shoes to fill.


By Ian Nicolas P. Cigaral

 

INQUIRER PLUS-EXCLUSIVE

Jollibee brings Tiong Bahru Bakery to PH


Jollibee Foods Corp. (JFC) has begun its foray into the handmade pastries category with the entry of Singapore-based Tiong Bahru Bakery in the Philippines. The homegrown fast-food giant known for the popular Chickenjoy meals inaugurated the country's first Tiong Bahru branch earlier this week at Verve Residences Tower 2 at Bonifacio Global City in Taguig.


By Meg J. Adonis


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