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                    [Title] => New Monetary Board members take oath
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The two newly-appointed Monetary Board members took oath at the Bangko Sentral ng Pilipinas last week.

                    [DatePublished] => 2014-08-04 00:00:00
                    [ColumnID] => 0
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                    [AuthorID] => 1438879
                    [AuthorName] => Kathleen A. Martin
                    [SectionName] => Business
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                    [Title] => NEDA chief warns  forex speculators
                    [Summary] => Those who deal in "hot money" get burned.


This was the warning of Socioeconomic Planning Secretary Felipe Medalla to currency speculators who engage in "contrived" foreign exchange transactions and earn "margins" in the highly-risky short-term buy-sell deals.


They do not only hurt the peso, they also take a "hit" or losses in the process.


"Remember that when you speculate, you also need pesos because you have to convert your dollars to pesos (and use them to buy or sell dollars)," Medalla said.


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                    [Title] => Medalla sees peso gaining
                    [Summary] => "The country’s economic fundamentals point to a strong peso, and this is signaled by the easing of upward pressure on interest rates," Socioeconomic Planning Secretary Felipe Medalla said in a meeting with business journalists Thursday night.


Medalla said he sees the peso stabilizing at just a slim premium above the Thai baht to which it is traditionally pegged on widely perceived similarities of the Philippine and Thai economies.


Since the baht is hovering around 43.60 per dollar, he said the peso should be averaging 47 to 48 per dollar.
                    [DatePublished] => 2000-11-18 00:00:00
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SOCIOECONOMIC PLANNING SECRETARY FELIPE MEDALLA

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The two newly-appointed Monetary Board members took oath at the Bangko Sentral ng Pilipinas last week.

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                    [Title] => NEDA chief warns  forex speculators
                    [Summary] => Those who deal in "hot money" get burned.


This was the warning of Socioeconomic Planning Secretary Felipe Medalla to currency speculators who engage in "contrived" foreign exchange transactions and earn "margins" in the highly-risky short-term buy-sell deals.


They do not only hurt the peso, they also take a "hit" or losses in the process.


"Remember that when you speculate, you also need pesos because you have to convert your dollars to pesos (and use them to buy or sell dollars)," Medalla said.


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                    [Title] => Medalla sees peso gaining
                    [Summary] => "The country’s economic fundamentals point to a strong peso, and this is signaled by the easing of upward pressure on interest rates," Socioeconomic Planning Secretary Felipe Medalla said in a meeting with business journalists Thursday night.


Medalla said he sees the peso stabilizing at just a slim premium above the Thai baht to which it is traditionally pegged on widely perceived similarities of the Philippine and Thai economies.


Since the baht is hovering around 43.60 per dollar, he said the peso should be averaging 47 to 48 per dollar.
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abtest

New Monetary Board members take oath

By Kathleen A. Martin | August 4, 2014 - 12:00am

The two newly-appointed Monetary Board members took oath at the Bangko Sentral ng Pilipinas last week.

Business

NEDA chief warns forex speculators

November 24, 2000 - 12:00am

Those who deal in "hot money" get burned. This was the warning of Socioeconomic Planning Secretary Felipe Medalla to currency speculators who engage in "contrived" foreign exchange transactions...

Business

Medalla sees peso gaining

November 18, 2000 - 12:00am

"The country’s economic fundamentals point to a strong peso, and this is signaled by the easing of upward pressure on interest rates," Socioeconomic Planning Secretary...

Business