Wednesday, May 23, 2018

Feb 12 18, 6:18 pm

Bicam committee approves PH ID system bill

A bicameral conference committee has approved on Tuesday night, May 23, a bill seeking to establish the Philippine Identification System or PhilSys. Senator Panfilo Lacson said the bicam committee decided to follow most provisions in the Senate-approved version of the...

NAIA Consortium agrees to shorten airport rehab period to 15 years

The NAIA Consortium which submitted a proposal to upgrade, operate, and maintain the Ninoy Aquino International Airport (NAIA), has agreed to shorten the concession period to 15 years and narrow project cost to Php105 billion. Transportation Undersecretary for...

Bello: Deployment of OFWs to Kuwait to begin next week

Department of Labor and Employment (DOLE) secretary Silvestre Bello III announced on Wednesday, May 23, that deployment of overseas Filipino workers (OFWs) to Kuwait will begin next week. During the Senate’s hearing on the cases of OFW abuses and deaths overseas,...

Peso-dirham rate hits P14.15

by | News

Due to the volatility of the market, the peso slid against the dollar and consequently, against the dirham to hit Php14.15—the highest in the past months.

Remittance companies in the UAE told The Filipino Times the decline in exchange rates have also been affecting most other currencies as the US dollar continues to get stronger while the market stays unpredictable.

“Hindi lang currencies ang affected, pati stocks,” said Michelle Sanchez, Philippine corridor head at UAE Exchange.

Edwin Punzalan, assistant vice president at BDO-Emirates NBD, added: “Right now, ganyan ang mangyayari. Medyo volatile and situation; ups and downs ang magaganap (sa palitan). Lahat kasi naghihintay ng signals and indicators na pwedeng mag-perk-up ng market.”

Sanchez and Punzalan said the exchange rate could stabilize around March.

For his part, Gemmy Lontoc, who used to be head of UAE Exchange Southeast Asia Corridor marketing, said OFWs should take advantage of the situation.

“As the peso depreciates, the desire to remit via saving and investing must appreciate. The volatility of the peso should make OFWs be more mindful about their finances and remittances. Bloomberg reported sometime in December 2017 that the peso will be one of the worst-performing currencies in Asia for 2018,” he said.

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Peso falls to 12-year low; Dhs to PhP now at 14.24

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The Philippine peso plunged further to its weakest level in almost 12 years on Wednesday, closing at P52.47 per $1. This is the weakest currency rate against dollars since July 19, 2006, with P52.74 per $1. Meanwhile, latest exchange rate of UAE dirham to Philippine...

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Peso falls to 12-year low; Dhs to PhP now at 14.24

The Philippine peso plunged further to its weakest level in almost 12 years on Wednesday, closing at P52.47 per $1. This is the weakest currency rate against dollars since July 19, 2006, with P52.74 per $1. Meanwhile, latest exchange rate of UAE dirham to Philippine...

Bicam committee approves PH ID system bill

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THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 1 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

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THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 1 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

FOLLOW US

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