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Article: P/$ rate stands at P41.01/$ 1.(News In Brief)
- Article from:
- Manila Bulletin
- Article date:
- January 7, 2008
CopyrightCOPYRIGHT 2008 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The peso exchange rate closed at P41.01 to the US dollar last Friday at the Philippine Dealing & Exchange Corp., (PDEx). The weighted average rate stands at P41.019.
BSP okays Digitel $ 31-M loan
The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) approved Digitel Telecommunications Philippines Inc.'s (Digitel) $ 31 million loan from ING Bank. The loan will partially finance the telecom firm's GSM network expansion. The financing is divided as follows: $ 21 million for its South Luzon GSM projects, and $ 12.1 million for its National Capital Region rollout. Digitel as the mobile phone service provider under the brand Sun Cellular, is the third ...