Get a glimpse of Philippines' moves to fight off peso appreciation

The peso recently appreciated by over 6% vs US dollar.

Citing a Bloomberg report, BBVA said that in a move similar to one made by South Korea in November, the Philippines central bank announced it will impose a ceiling on non-deliverable currency forwards for local lenders at 20% of capital, and 100% for foreign entities.

"The peso has appreciated by more than 6% versus the US dollar this year as the Philippines economy has remained strong (Q3 growth accelerated to 7.1% y/y from 5.9% y/y in Q2) – but today’s move was seen as necessary to stem the rise in the peso, which may negatively affect the country’s exporters. We think growth will remain robust in the Philippines, putting the country on track to eventually receive an investment grade rating," BBVA noted.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia