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Philippines Nabs South Korean for Telecom and Trading Scam Fraud

Philippines Nabs South Korean for Telecom and Trading Scam Fraud

The Philippines BI arrested a South Korean fugitive for telecom and trading scam fraud. This informative article teaches you how to avoid Forex and Crypto scams.

2024-08-27
Philippine Peso Gains as US Dollar Weakens on Fed Signals

Philippine Peso Gains as US Dollar Weakens on Fed Signals

The Philippine peso strengthens as the US dollar weakens amid expectations of a Federal Reserve rate cut, supporting regional central bank policies.

2024-08-27
Philippines Crypto, Forex Scam Hub Raid, 99 Arrested

Philippines Crypto, Forex Scam Hub Raid, 99 Arrested

99 people were arrested as authorities raid a Philippines crypto, forex scam hub in Parañaque City, involving fraudulent investment and love scams.

2024-08-22
Philippines Retains Creditor Status with IMF, Ensures Stability

Philippines Retains Creditor Status with IMF, Ensures Stability

The Philippines maintains its IMF net creditor status, reflecting strong economic fundamentals and solidifying its global financial standing until 2025.

2024-08-22
Philippine Peso Rises Ahead of Powell Key Speech

Philippine Peso Rises Ahead of Powell Key Speech

The Philippine Peso strengthens, closing at P56.55 per dollar, as markets await Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Symposium this week.

2024-08-21
PH Financial Sector Grows to P32.3T, Up 10.5% in June

PH Financial Sector Grows to P32.3T, Up 10.5% in June

The Philippine financial sector expanded by 10.5% in June, reaching P32.3 trillion. Bank resources surged, while positive earnings drove stock market gains.

2024-08-15
GCash May Enter the Digital Bank Race in the Philippines

GCash May Enter the Digital Bank Race in the Philippines

GCash considers a digital bank license in the Philippines as BSP lifts the moratorium, paving the way for potential expansion and competition in the digital banking sector.

2024-08-14
Philippines Tightens FX Rules, Imposes New Penalties

Philippines Tightens FX Rules, Imposes New Penalties

The Philippines tightens FX rules with new penalties of up to $17,130 per violation, enhancing transparency and ensuring timely financial reporting.

2024-08-12
PHSEC Warns: TRADEXPERT, PIONEX Trading Club Ponzi Schemes

PHSEC Warns: TRADEXPERT, PIONEX Trading Club Ponzi Schemes

The Philippines Security Exchange Commission warns against investing in TRADEXPERT and PIONEX Trading Club due to alleged Ponzi schemes.

2024-08-08
Philippine PSEI Flat Amid July Inflation and Rate Concerns

Philippine PSEI Flat Amid July Inflation and Rate Concerns

Philippine PSEI ends flat as July inflation surge and rate hike concerns weigh on investor sentiment. Broader All Shares Index gains slightly.

2024-08-08
Philippines Forex Reserves Rise to $105.65 Billion

Philippines Forex Reserves Rise to $105.65 Billion

The Philippines' foreign exchange reserves increased to $105.65 billion in July, driven by higher gold valuations, strong investment income, and active forex trading.

2024-08-08
Philippines' Mynt Hits $5 Billion Valuation with Ayala and MUFG Funding

Philippines' Mynt Hits $5 Billion Valuation with Ayala and MUFG Funding

Philippines' Mynt hits a $5 billion valuation with Ayala and MUFG funding, highlighting the rapid growth in the country's fintech sector.

2024-08-02
How Super Typhoon Carina Disrupted PH Financial Markets

How Super Typhoon Carina Disrupted PH Financial Markets

Super Typhoon Carina caused a shutdown of financial markets in the Philippines, leading to trading suspensions and disruptions across banking services.

2024-07-26
Philippine Forex Trading Still On Pause; Stock Market Drops

Philippine Forex Trading Still On Pause; Stock Market Drops

Due to severe weather, Philippine forex trading remains paused, causing a drop in the stock market. The PSEi fell by 1.23%, influenced by Wall Street sell-offs and local economic concerns.

2024-07-26
Philippine SEC Warns Against TradeTech Asia, Automatrade, BFO Trading

Philippine SEC Warns Against TradeTech Asia, Automatrade, BFO Trading

The Philippine SEC warns the public about unregistered investment schemes from TradeTech Asia, Automatrade, BFO Trading, and others. Exercise caution and verify legitimacy.

2024-06-18
Philippine Inflation Rises to 3.9% in May, Highest in 5 Months

Philippine Inflation Rises to 3.9% in May, Highest in 5 Months

Philippines' inflation hits 3.9% in May, up from 3.8% in April, due to higher costs in housing, utilities, gas, and transportation.

2024-06-05
Foreign Investors Withdraw $312M from Philippines in April

Foreign Investors Withdraw $312M from Philippines in April

Foreign investors pulled $312M from the Philippines in April, a rise from March's $236M, says BSP. However, net inflows were seen over the first four months.

2024-06-03
Philippine Stock Market Faces Potential Downturn in 2024

Philippine Stock Market Faces Potential Downturn in 2024

The Philippine stock market's early gains in 2024 are waning, raising concerns about a potential downturn amid rising geopolitical risks and currency volatility.

2024-05-29
Philippine Central Bank Simplifies FX Regulations for Investors

Philippine Central Bank Simplifies FX Regulations for Investors

The Philippine central bank's new FX regulations streamline investment processes, eliminating bureaucratic hurdles and fostering a more attractive environment for foreign investors.

2024-05-28
Peso Depreciation is Temporary, Says BSP Amid Regional Trend

Peso Depreciation is Temporary, Says BSP Amid Regional Trend

The BSP assures the public that the Philippine Peso's recent depreciation is temporary, reflecting a regional trend of weakening currencies against the US dollar.

2024-05-27

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