Peso falls to 58:$1 as PSEi slips to 6-month low on corruption woes

MANILA, Philippines — The depreciating peso and developments in the Senate’s investigation into anomalous flood control projects caused the local bourse to slide to a near six-month low on Thursday.

By the closing bell, the benchmark Philippine Stock Exchange Index (PSEi) tumbled by 1.09 percent, or 66.44 points, to end at 6,042.28. This is its lowest level in almost half a year.

https://business.inquirer.net/549197/peso-falls-to-581-as-psei-slips-to-6-month-low-on-corruption-woes

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