Why the peso will continue to fall
Philippine Daily Inquirer
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Good morning. The repercussions of President Marcos' policy to ban Pogos have come swiftly, but perhaps not enduringly. Investors rushed to shed their property stocks last week after the president's sweeping order to end Pogos in the country, but most real estate firms may not be hurt for long.
Money Matters expert Henry Ong says that the peso will continue to fall due to the persistent trade deficit and headline inflation—a bleak analysis on top of the very real threat of another super typhoon like “Carina” once again temporarily shutting down the local financial markets.
It seems that despite its growing local base, Starlink has yet to catch up with the download and upload speeds of local suppliers. Telco companies have extended their support to back the government’s push to expand digital infrastructure, especially in far-flung areas.
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