After sliding to record lows, Diwa Guinigundo, Member of the Advisory Panel of the Sim Kee Boon Institute for Financial Economics at SMU, said that the Philippine peso could get a temporary lift from the national government’s US$2.75 billion global bond issue, but the relief may not last, and a 60 PHP to the dollar exchange rate is still within reach. He stressed that stabilising the currency ultimately depends on broader economic balance, sustaining growth while keeping inflation in check. He added that narrowing the country’s balance of payments deficit is equally critical, which requires stronger government revenues to reduce reliance on foreign borrowing.
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