Peso likely to depreciate ahead of FOMC meeting
THE PESO could depreciate this week versus the dollar ahead of an anticipated rate hike in the United States, although optimism towards the local stock market and the rollout of economic reforms could temper such weakness.
BSP to open La Union credit surety support
THE CENTRAL BANK will open another credit surety finance (CSF) in La Union this week, which is relied upon to stretch out access to credit for little scale firms in the region. Thirteen cooperatives will pool P3.7 million for the new La Union credit surety finance.
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