THE peso slipped anew, and the stock market fell below 6,700 as worries over interest rate hikes and geopolitical developments heightened.

The currency weakened by nine-and-a-half centavos to P55.18 against the dollar while the benchmark Philippine Stock Exchange index (PSEi) plunged by 101.73 points, or 1.50 percent, to close at 6,699.23.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details