The Philippine peso remained parked at the P59-to-$1 level on Wednesday as markets positioned ahead of anticipated interest rate cuts from both the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve. The local currency closed at P59.21:$1, edging…
MANILA, Philippines — The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) on Friday, November 7, raised Tropical Cyclone Wind Signal (TCWS) No. 1 over parts of Luzon, Visayas, and Mindanao as Severe Tropical Storm Fung-Wong, locally named “Uwan,” moves…