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Political turmoil weakens peso
September 13, 2025
|Manila Bulletin
Japanese financial giant MUFG said the ongoing political turmoil over anomalies in flood control projects could weigh on the Philippine peso, while other economists expect foreign investments to steer clear of the Philippines.
“We also see increasing headlines out of the Philippines around corruption charges on bogus flood control infrastructure projects, and this is certainly one area to watch for in terms of risk for Philippine peso,” MUFG senior currency analyst Michael Wan said in a report published on Thursday, Sept. 11.
For local economists, this stretch of a spectacle in Congress over corruption that has delayed infrastructure projects could emerge as the red flag waving for foreign investors, warning them of the risks of investing in the Philippines.
هذه القصة من طبعة September 13, 2025 من Manila Bulletin.
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