Philippine Vice President Duterte Facing Second Impeachment Vote
Second impeachment vote against Philippine VP Duterte raises political uncertainty, pressuring the peso and Philippine stocks amid fears of governance gridlock.
Second impeachment vote against Philippine VP Duterte raises political uncertainty, pressuring the peso and Philippine stocks amid fears of governance gridlock.
Philippine peso hits 17-year low near 59 per dollar, defying BSP rate-hike expectations as current account gap and dollar strength dominate.
Asia heat waves lift oil demand, double-trouble for import-reliant economies facing surging energy costs, threatening currencies and sovereign credit outlooks.
The Philippine peso strengthens on lower oil prices, driving the currency to its best daily advance in a month as import relief…