The peso lost further ground against the US dollar on Tuesday, hitting
a four-month low as investors took positions in the greenback in
anticipation of the outcome of the latest United States Federal Reserve
policy meeting, which just started.
AARON James Almadro had a promising career in an advertising company in
Metro Manila, but he abandoned his dreams of making it big in the city
and went back to his hometown in Palo, Leyte to take care of his
The movement of portfolio investments to and from the Philippines posted
net outflows in October, still reflecting the impact of the US tapering
of its economic stimulus program, the central bank said.
FUEL prices are set to go down on Tuesday as five oil companies announced another rollback. Pilipinas
Shell, Chevron (Caltex), PTT Philippines, Eastern Petroleum and Seaoil
on Monday said they will lower prices effective 12:01 a.m., while
independent player Phoenix Petroleum Philippines will implement a
rollback effective 6 a.m.