PH borrowers’ choice during pandemic: Dollar loans
Dollar-denominated loans issued by Philippine financial institutions rose substantially at the end of the first quarter of 2020 which the central bank said was due to lower interest rates offered…
Dollar remittances of expat Filipinos fell for 2nd straight month in April
MANILA, Philippines – Dollars sent home by expatriate Filipinos declined once more in April, marking the second consecutive period that the impact of the coronavirus pandemic was manifested in monthly…
Gov’t’s foreign loans boost PH dollar stash in June to another record high
MANILA, Philippines — The Philippines’ dollar reserves inched up to another historic high in June thanks to inflows from the government’s overseas borrowings to fund its drive against the coronavirus…
Hottest commodity in Lebanon’s economic chaos: The US dollar
In this April 28, 2020 file photo, a cell phone shop owner wears gloves as he counts U.S. dollars, in Beirut, Lebanon. A financial meltdown has thrown its people into…
Pampanga businessman could be next dollar billionaire
Pampanga-based businessman Dennis Anthony Uy could become the country’s next dollar billionaire as his broadband company Converge ICT Solutions Inc. moves forward with a $700 million initial public offering (IPO),…
PH dollar stash piles up with barely any imports, more loans during pandemic
The Philippines made substantially more dollars than it spent in its overseas transactions in May, due in part to a surge in foreign borrowings and a steep drop in import…
Gov’t loans push PH dollar reserves to historic high in May
The Philippines’ dollar reserves hit a historic high in May —at the peak of the COVID-19 lockdown—thanks to inflows from the government’s foreign borrowings, as well as foreign exchange earnings…
Iran’s currency hits lowest value ever against the dollar
In this Thursday, Oct. 30, 2008 file photo, an Iranian money changer holds currency with Ayatollah Ruhollah Khomeini’s image in Tehran, Iran. Iran’s currency on Saturday, June 20, 2020, has…
March dollar remittances drop as more Pinoys lose Middle East oil industry jobs
Dollars sent home by expatriate Filipinos declined in March, marking the first time that the impact of the coronavirus pandemic was manifested in monthly remittances which are a key pillar…
2020 dollar remittances seen to contract for first time in almost 2 decades
MANILA, Philippines — Dollars sent home by expatriate Filipino workers are set to contract for the first time in almost two decades by the end of this year, no thanks…