Philippines struggles to weaken peso as capital flows increase

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Philippines struggles to weaken peso as capital flows increase

August 07, 2012 (Last updated: August 08, 2012)

From Clare Hammond

The country’s central bank faces a dilemma over how to stem the appreciating peso, with its latest rate cut having done little to deter capital inflows from foreign investors.

The Bangko Sentral ng Pilipinas (BSP) is looking to halt the appreciating peso as foreign investor appetite continues to drive the Philippines peso higher against the US dollar.

The peso is the strongest performing currency in Southeast Asia year-to-date. At...

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SOUTHEAST ASIA DCM

Rank

Bookrunner Parents

Deal Value $ (Proceeds) (m)

No.

%share

2012 YTD Rank

Standard Chartered Bank

3,991

8.9

HSBC

3,710

8.3

Goldman Sachs

3,333

7.4

Deutsche Bank

2,895

6.4

Citi

2,774

6.2

JPMorgan

2,288

5.1

DBS

2,106

4.7

Siam Commercial Bank

1,835

4.1

Barclays

1,586

3.5

CIMB Group

1,523

3.4

Subtotal

26,040

123

57.9

Total

44,958

212

100.0

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