Karl Lester M Yap

Manila

Covers Asian FX/rate markets, EMs for Bloomberg. Filipino 🇵🇭Pro gender equality, LGBT 🏳️‍🌈 rights. Opinions and comments are my own. 🕺🏊🏻‍♂️🌅🏋️‍♂️🏝️

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Articles

VND/USD: Vietnam Dong Falls to Record Low Against US Dollar

2 months ago | bloomberg.com | Karl Lester M Yap

Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Diversity and Inclusion Tech At Bloomberg Philanthropy Sustainability Bloomberg London...
Moody’s Places Sri Lanka on Review for Credit Rating Upgrade

Nov 27, 2024 | bloomberg.com | Karl Lester M Yap |Malavika Kaur Makol

Moody’s Ratings is reviewing Sri Lanka’s sovereign credit rating for an upgrade, as the nation is set to complete the restructuring of its dollar bonds. The rating company assigned the new dollar notes Sri Lanka is offering to swap for old debt a (P) Caa1 rating, according to a statement . Dollar debt maturing in 2030 rose to the highest since June 2021 on Thursday.
Sri Lanka to Swap Defaulted Dollar Debt for New Bonds

Nov 25, 2024 | bloomberg.com | Karl Lester M Yap

Sri Lanka will issue new notes to holders of its defaulted dollar bonds, as the South Asian nation draws closer to completing the restructuring of its $43 billion of foreign debt. The exchange will entail switching $12.55 billion of bonds for new securities, the Ministry of Finance said in a statement Tuesday. Holders of existing notes will be able to swap their holdings up to Dec. 12, the statement said.
Philippine Peso Declines to Record Low as Rate Outlook in Focus

Nov 20, 2024 | bloomberg.com | Karl Lester M Yap

The Philippine peso fell to a record low as traders viewed comments from the nation’s central bank as dovish. The peso fell as much as 0.2% to 59 per dollar on Thursday, a level it last touched in late 2022. Central bank Governor Eli Remolona said WednesdayBloomberg Terminal that interest rates may be cut or put on hold in December, depending on inflation and other economic data.
Philippines on Alert as Storm Toraji Intensifies in North

Nov 9, 2024 | bloomberg.com | Karl Lester M Yap

The Philippines is on alert as Toraji intensified into a severe tropical storm and is expected to make landfall in the north on Monday. The weather bureau warned of heavy rainfall and strong winds. The southeastern portion of Isabela province and the northern portion of Aurora province are under wind signal No. 2 alert, it said in an advisory.
MYR/USD: Malaysian Ringgit Is Poised for Biggest Decline Since 2015

Oct 29, 2024 | bloomberg.com | Karl Lester M Yap

Malaysia’s currency is on course for its worst month in more than nine years, as investors scale back on risk assets amid concerns over the US election. The ringgit is down more than 6% against the dollar in October, putting it on pace for its biggest monthly loss since August 2015. The ringgit traded at 4.39 per dollar on Wednesday.
Malaysian Ringgit Set for Biggest Monthly Decline Since 2015

Oct 29, 2024 | flipboard.com | Karl Lester M Yap

11 hours agoTop homebuilder warns of troublesome new housing market problemThe company is huge. This problem matters a lot.
Philippine Bonds Seen Getting Tailwind From Falling Rice Prices

Oct 9, 2024 | bloomberg.com | Malavika Kaur Makol |Karl Lester M Yap

Philippine sovereign bonds are seen extending gains as falling rice prices cool inflation and back the case for more interest-rate cuts. Inflation in the country slowed to a four-year low in September before India eased restrictions on rice exports. HSBC Holdings Plc expects the Philippines to benefit the most from India’s move as rice accounts for 9% of its consumer price inflation basket.
Philippine Bonds Seen Getting Tailwind From Falling Rice Prices

Oct 9, 2024 | flipboard.com | Malavika Kaur Makol |Karl Lester M Yap

Retirement Planning6 hours agoExpect An Above-Average COLA If Your Social Security Check Beats This NumberMoney Digest - Daniel Feininger • 6hSocial Security checks are a monthly benefit paid to retirees.
Storm Krathon Heads for Philippines With Chance of Super Typhoon

Sep 28, 2024 | bloomberg.com | Karl Lester M Yap

Tropical storm Krathon is headed for the Philippines as authorities place northern parts of the main Luzon island on alert, saying there’s a high chance of rapid intensification and the possibility it could become a super typhoon. Krathon, known as Julian in the Philippines, will continue to intensify and reach typhoon category by Sunday evening or early Monday morning, the Philippine weather bureau said in an advisory.