00:00The Philippine Peso falls past the 60 per dollar level, closing at 60 pesos and 10 centavos on Thursday, March
00:0719.
00:08This is the weakest level in history. At one point, it dropped by as much as 1.5% to
00:13record a low of 60 pesos and 40 centavos per dollar.
00:17The decline is also adding pressure to the BSP to step up support for the Philippine Peso.
00:22The Banco Central ng Pilipinas says when it does participate in the market,
00:26it is largely to dampen inflationary swings than to prevent day-to-day volatility.
00:31Meantime, fares for MRT3 and LRT2 will have a 50% discount starting March 23.
00:36The discount will apply to both blue deep card holders and white cards for senior citizens, persons with disabilities, and
00:43students.
00:44Transportation Secretary Banoy Lopez says this move is a response to rising fuel prices brought by the Middle East conflict.
00:51But the Transportation Department did not specify how long the subsidized fare will be in effect.
00:56For more informationателей, people may
00:58Maybe.
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