THE peso on Wednesday extended its losses against the dollar and dropped to P44.72 in mixed trading that was influenced by the dollar’s decline and global concerns on inflation. A currency trader from a commercial bank said the peso slipped on falling oil prices but was later backed by demand from foreign banks as oil prices started to stabilize. 

BSP vows to take tougher stance vs inflation; tighter policy seen

THE Bangko Sentral ng Pilipinas (BSP) vowed on Wednesday to toughen its stance even more against inflation, and said that monetary policy “will continue to be tight” in the face of sustained and elevated prices, particularly of food.

PhilNaRe says first-half profit declined 41%

NATIONAL Reinsurance Corp. of the Philippines (PhilNaRe) said its net income for the first half fell 41 percent to P192 million from the year-ago level of P322 million.

Access to insurance for millions urged

ACCESS to insurance for millions of low-income Filipinos, most of whom have no financial protection, is a potent tool to make them less vulnerable to economic shocks.

Peso drops to P44.72

THE peso on Wednesday extended its losses against the dollar and dropped to P44.72 in mixed trading that was influenced by the dollar’s decline and global concerns on inflation.