Peso’s record lows and slowing GDP fuel concerns over economic health.
Reaching ₱50 has raised concerns about the peso’s falling value.
The ₱64 mark is getting closer.
The Philippine peso weakened by 27 centavos to set another record low against the dollar, while local shares rose 15 points to extend gains for a fifth day.
The Philippine peso fell past the ₱63.09 level to mark a new all-time low against the dollar, while local shares rose 15 points to extend gains for a third day.
The Philippine peso gained nearly eight centavos to snap its drop from an all-time low, while local shares advanced over 110 points to extend gains for a second day.
The Philippine peso lost seven centavos to post its second straight day of losses, while local equities dropped over 80 points to move closer toward the 5,600 mark.
Higher generation costs add about P64 to a 200-kWh household bill.
The Philippine peso gained 10 centavos to snap its decline, while local equities advanced over 90 points to reclaim the 5,700 level.
The Philippine peso fell past the ₱62.90 level to set another all-time low against the dollar, while local shares dropped over 120 points to retreat near 5,600.
