Tag page - weak peso

The depreciation of the peso has not only driven up prices for imported goods for Filipino consumers but has also contributed to the substantial increase in the government's debt burden. According to the Bureau of the Treasury, the peso's “considerable” weakening, reaching a low point not seen...

(MANILA BULLETIN, Unsplash) The Philippine peso is at its weakest against the United States (US) dollar in over four months, but don't sound the alarm. At least, that's not something economist-congressman Joey Salceda would do. Asked to comment on the skidding peso, which closed at P56.21 against...

Don't look now, but the peso depreciation these past few months actually had a positive impact on the Philippine economy. (Mari Gimenez/ Unsplash) The House of Representatives' resident economist, Albay 2nd district Rep. Joey Salceda, made this argument during a media briefing Thursday, Nov. 10 as...