THE peso yesterday closed lower to P45.35 per dollar, from P45.31 Friday. Markets were closed Monday for a holiday.  “It is still following the global trend against emerging currencies. The dollar is still stronger because of lower oil. The whole market is still seeing a weaker peso,” China Trust head treasurer Roland Avante said.

“There were remittances but they are also being affected by the strength of the dollar,” he said. (CV)

KfW Bankengruppe opens ‘carbon fund’ to RP SMEs

SMALL and medium business in the country may benefit from KfW Bankengruppe’s P13.3-billion fund for companies wanting to cash in on the clean-air gas market.

RP BOP position turns to $142-M surplus in July

THE country’s balance of payments (BOP) recovered in July, helped by remittances of Filipinos abroad and income receipts from the privatization of government assets, according to data from the Bangko Sentral ng Pilipinas (BSP).

Peso drops to P45.35:$1

THE peso yesterday closed lower to P45.35 per dollar, from P45.31 Friday. Markets were closed Monday for a holiday. 

‘Euromoney’ recognizes BDO, cites success of merger with Equitable

BANCO De Oro  (BDO) was again recognized by international finance magazine Euromoney as the Best Bank in the Philippines at the recent Euromoney Awards for Excellence 2008 Asia Dinner at the Conrad Hotel, Hong Kong.