Philippines, Singapore Forge Deeper Capital Market Ties
Economy

Philippines, Singapore Forge Deeper Capital Market Ties

The Philippine Stock Exchange (PSE) and Singapore Exchange (SGX) have signed a memorandum of collaboration to expand capital market cooperation, aiming to create investment opportunities, boost intra-regional trading, and develop exchange-traded funds.

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  • Philippine Stocks Decline on Rate Hike, Weaker Peso

    Philippine stocks retreated on Friday as investors weighed the impact of higher borrowing costs on economic growth, compounded by a weakening peso. The benchmark Philippine Stock Exchange Index (PSEi) dropped 0.88 percent to close at 5,728.63.

  • Philippine Peso Hits Record Low as Inflation Fears Trump Rate Hike

    The Philippine peso hit a record low of 63.615 to the dollar on Friday. Concerns over the domestic inflation outlook overshadowed an aggressive interest rate hike by the central bank, pushing the currency lower.

  • Philippine Peso Hits Record Low of P63.615 to Dollar

    The Philippine peso hit a fresh record low of P63.615 against the US dollar on Friday, marking its 31st all-time low this year. The central bank indicated it would intervene in the market primarily to curb inflation, not to support a specific exchange rate.

  • Philippine Stocks, Peso Extend Losses on Rate Hike and Peso Slide

    Philippine financial markets ended the week in the red, with stocks retreating as investors digested the Bangko Sentral ng Pilipinas’s 50-basis-point rate hike, while the peso sank to a fresh record low for the third straight trading session.