Peso depreciation: Winners, losers, benefits

(First of two parts) MANILA, Philippines—These past few weeks, news about the continuing slide of the Philippine peso has brought concern to many about the country’s economic situation, with some weighing the benefits and risks of depreciation. On Tuesday (September 27), the local currency ended at P58.99 against the US dollar—a centavo shy from the … Continue reading Peso depreciation: Winners, losers, benefits