Peso rises as PHL relaxes border restrictions - BusinessWorld Online

1/29/2022 4:00:00 PM

The peso rebounded Friday after the government relaxed restrictions on international travel and expectations that quarantine rules will ease next month.

The peso rebounded Friday after the government relaxed restrictions on international travel and expectations that quarantine rules will ease next month.

The peso rebounded Friday after the government relaxed restrictions on international travel and expectations that quarantine rules will ease next month. The peso closed at P51.23 against the dollar Friday, appreciating from its Thursday finish of P51.34, according to the Bankers Association of the Philippines. The peso also strengthened from its P51.37 close on Jan. […]

The peso rebounded Friday after the government relaxed restrictions on international travel and expectations that quarantine rules will ease next month.The peso closed at P51.23 against the dollar Friday, appreciating from its Thursday finish of P51.34, according to the Bankers Association of the Philippines.

The peso also strengthened from its P51.37 close on Jan. 21.The peso opened Friday’s session at P51.34. The low was P51.35 and the high P51.21.Dollar trading volume rose to $1.124 billion Friday from $886.8 million Thursday.The peso was reacting to the government’s announcement that it will ease travel restrictions on arriving Filipinos and some foreigners, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.

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Linkedin The peso rebounded Friday after the government relaxed restrictions on international travel and expectations that quarantine rules will ease next month.0 Stricter quarantine measures will take effect starting Friday in six areas, which were placed under Alert Level 3 by the Inter-Agency Task Force for the Management of Emerging Infectious Disease (IATF)..(DOH).

The peso closed at P51.23 against the dollar Friday, appreciating from its Thursday finish of P51. Nograles said the new classification will cover Palawan, Camiguin, Davao Occidental, Dinagat Islands, Tawi-Tawi and Sulu.34, according to the Bankers Association of the Philippines. The peso also strengthened from its P51. “The said escalation shall take effect on Friday, January 28, 2022 until February 15, 2022,” Nograles said in a brief statement last Thursday.37 close on Jan.22.

21. Intrazonal and interzonal travel in areas under Alert Level 3 will be allowed subject to reasonable restrictions to be imposed by local government units (LGU) based on age and comorbidities. The peso opened Friday’s session at P51.34. Other activities, which will be temporarily banned in areas under such Alert Level, are venues with live voice or wind-instrument performers and audiences such as in karaoke bars, clubs, concert halls, and theaters; Casinos, horse racing, cockfighting and operation of cockpits, lottery and betting shops, and other gaming establishments except as may be authorized by the IATF or the Office of the President; and gatherings in residences with individuals not belonging to the same household. The low was P51.35 and the high P51. Government agencies and instrumentalities shall remain to be fully operational and shall adhere to at least 30 percent site capacity, while applying work-from-home and other flexible work arrangements.

21. Dollar trading volume rose to $1.124 billion Friday from $886.8 million Thursday. The peso was reacting to the government’s announcement that it will ease travel restrictions on arriving Filipinos and some foreigners, Rizal Commercial Banking Corp.

Chief Economist Michael L. Ricafort said in a Viber message. Cabinet Secretary Karlo Alexei B. Nograles said at a briefing Friday that fully-vaccinated international passengers will no longer need to go to a designated facility to quarantine upon arrival starting February. They will instead need to present a negative PCR test, taken within 48 hours before departure from the country of origin.

Arriving travelers are currently categorized under color-coded scheme depending on the perceived infection risk of their country of origin. A trader said the market was hopeful that restriction measures will ease as infections are decreasing. The Department of Health said active cases rose 18,191 to 226,521 on Friday. Metro Manila and some provinces which saw a COVID-19 surge are under Alert Level 3 until the end of the month. — Luz Wendy T.

Noble .