{
Philippine Peso

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}
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philippines faces new typhoon as crop losses exceed 197 million dollars

The Philippines is bracing for its fourth storm in over a month, with Typhoon Yinxing, or Marce, expected to bring over 200 millimeters of rain to Cagayan province starting Thursday. This comes as the region is already heavily waterlogged from previous storms, contributing to crop losses totaling at least 11.5 billion pesos ($197 million) this year.
bloomberg.com
Philippine Peso Philippines PHL
Finance & Economy, News Article
07:30 05.11.2024

philippine peso may approach record low amid geopolitical and election risks

The Philippine peso may weaken to its record low of 59 against the dollar if geopolitical tensions and uncertainties surrounding the US election persist, according to central bank Governor Eli Remolona Jr. He noted that while this scenario is possible, its likelihood remains uncertain.
Bloomberg.com
United States Dollar Philippine Peso Bangko Sentral ng Pilipinas PHL Eli Remolona Jr.
Finance & Economy, Market Report
20:00 25.10.2024
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