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‘Don’t panic’ about the Philippines? The peso says otherwise

TOKYO – Nothing unsettles investors quite like being told not to panic. Yet as the peso trades near all-time lows, Philippine President Ferdinand Marcos Jr. offers that reassurance, urging Filipinos to stay calm even as financial markets signal the opposite. The peso’s 8.1% drop this year isn’t exactly unique in Asia. The Indonesian rupiah has […]

The post ‘Don’t panic’ about the Philippines? The peso says otherwise appeared first on Asia Times.

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