00:00The palace has assured the public that the government is actively addressing the weakening value of Philippine Peso against the U.S. dollar,
00:08stating that President Ferdinand R. Marcus Jr. and the Banco Central Non-Filipinas, or BSB, are coordinating to monitor the exchange rate.
00:16Government measures include controlling commodity price increases, supporting investments,
00:21and strengthening key economic sectors to ease the impact of the weaker Peso,
00:25which is attributed to a combination of global and local factors.
00:30Palace Press Officer Undersecretary Claire Koster explained that the administration's ongoing investigation into anomalous flood control projects is also affecting the currency.
00:41However, she noted that the president chose to prioritize the government cleanup against corruption
00:46to ensure transparency and the proper use of public funds.
Be the first to comment