In addition to risky assets such as equities, commodities, oil and gold, high-yielding currencies have performed strongly amid fresh signs that the worst of the global slump is behind us.
Development Bank of Singapore (DBS) said it has kept a negative medium-term outlook for the Philippine peso amid the widening budget deficit.
MANILA, Philippines – The peso could weaken to as low as 52 to $1 this year as a result of the slowdown in foreign exchange inflows from overseas Filipinos (OFWs) as well as the decline in interest rates.
The peso broke into the 40-to-$1 territory for the first time since March 2000, briefly hitting an intra-day high of 40.99 before closing at 41 to a dollar.
THE Philippines runs the risk of losing jobs to low-wage countries because of a strong peso, according to an economist from the University of Asia and the Pacific (UA&P).
The Bangko Sentral ng Pilipinas (BSP) thumbed down yesterday a proposal for the government to support a fixed foreign exchange rate for overseas Filipino workers (OFWs).
Invoke Article 33 of the ILO constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of Forced Labour and Freedom of Association protocols.
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