Philippine Peso Could Hit P60 in Early 2025, DBS Says
DBS forecasts the Philippine peso to hit P60 per dollar in early 2025, with factors like US monetary policy and Trump’s trade tariffs affecting the outlook.
5 Koreans Nabbed in PH for $2.9M Crypto Scam
Philippine authorities arrested 5 South Koreans linked to a $2.9M cryptocurrency scam and 1 for larceny. All await deportation. Learn more about the crackdown.
Philippines Warns Public of Get-Rich-Quick Scams This Christmas
Philippine authorities urge caution against get-rich-quick schemes, including crypto and forex investment scams, as fraudulent activities rise during the Christmas season.
Philippines Cracks Down on POGOs and Rising Crypto Scams
As the Philippines intensifies its POGO crackdown, experts warn of a surge in underground operations, including crypto scams and espionage activities.
BSP Rolls Out Stricter Rules for Virtual Asset Providers
The Philippines enforces new virtual asset reporting rules starting January 2025, mandating 13 comprehensive reports from VASPs to ensure transparency and security.
What Are the Latest Trends and Strategies in Philippine Gold Trading?
Explore the Philippines’ evolving gold trade in 2024. Learn key trends, BSP strategies, and smart trading approaches for navigating local and global markets.
GCash, Government to Launch GBonds for Easy Investments
Discover GBonds, launching on GCash this December, to simplify investments for Filipinos. A step toward financial inclusion and accessible government bonds.
Peso Depreciation to 59:$1 Likely Amid Strong Dollar Surge
Peso could fall to 59:$1 but further depreciation is unlikely as the BSP stands ready to defend the currency, ING Bank forecasts.
BSP Shuts Down Uno Forex Over Serious AML Violations
BSP cancels Uno Forex’s Inc. registration, marking its fifth shutdown this year over failure to comply with anti-money laundering laws, raising concerns.
Philippine Peso Set for Year-End Boost from Seasonal Remittances
The Philippine peso anticipates a year-end recovery driven by strong remittances, lower oil prices, and easing dollar strength amid the holiday season.
Forex Trading Halted in Philippines Due to Storm Trami
Forex trading in the Philippines is halted, and schools are shut as Tropical Storm Kristine (Trami) approaches Luzon. Residents brace for strong winds, heavy rains, and storm surges.
Ex-Philippine Mayor Tied to $30M Crypto Scam Unveiled
Former Philippine mayor Alice Guo is tied to a $30M crypto fraud in the Atom Asset Exchange scam, raising concerns about crypto fraud and governance in Southeast Asia.
Crypto King Re-Arrested in ₱600M Scam Case
Crypto King re-arrested in ₱600M scam case in Cavite, Philippines. PNP-CIDG reveals fraud involving casino funds and victims from media, law enforcement, and more.
SBI Holdings Invests in UBX for Digital Transformation
Tokyo-based SBI Holdings partners with UBX to drive digital transformation in the Philippines, focusing on fintech innovation and market expansion.
NBI PH Rescues 84 Filipinos from Alleged Forex Trading Scam in Pampanga
NBI Philippines rescues 84 Filipinos in Pampanga, from a scam hub posing as a BPO allegedly involved in FXTM USDT Forex Trading. Authorities target cybercrime violations in the Philippines.
Philippines SEC Warns of New Investment Firms
Philippine SEC warns the public about unregistered investment firms. Learn how to identify warned firms and protect your investments with PH SEC updates and WikiFX tools.
BSP Set to Follow Fed's Rate Cuts to Stabilize PH Peso vs USD
Philippines Central Bank (BSP) is set to follow the Fed's rate cuts to stabilize the PH Peso over USD, maintaining a favorable interest rate spread and supporting the economy.
Philippine Peso Hits 5-Month High in August on Low Inflation
The Philippine peso reached a 5-month high in August, closing at P56.111:$1, driven by lower inflation and regional currency trends.
PH Launches 3-Tranche USD Bond Offering for 2030, 2035, 2049
The Philippines launches a three-tranche USD bond offering for 2030, 2035, and 2049, aiming for budgetary support and sustainable projects amidst weather-related forex disruptions.
PayPal Stablecoin Surges Past $1B Market Cap on Solana
PayPal's stablecoin PYUSD has surpassed a $1 billion market cap, driven by its expansion to Solana, positioning it as a significant player in the crypto space.
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