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Article: P/$ rate closes at P46.70/$ 1.(News In Brief)
- Article from:
- Manila Bulletin
- Article date:
- September 11, 2007
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The peso exchange rate closed lower at P46.70 to the US dollar yesterday at the Philippine Dealing & Exchange Corp. (PDEx) from P46.53 last Friday. The weighted average rate depreciated to P46.70 from P46.526. Total volume amounted to $ 405 million.
GSIS loan releases up 222%
The Government Service Insurance System (GSIS) has released a total of P35.3 billion in loans during the first semester of 2007--more than double the amount it released during the same period last year. Based on GSIS statistics, the P35.3 billion granted is about 222 percent more than the P15.9 billion in loans the GSIS granted during the first six months of 2006. Bulk of the loans ...