Monday 10 December 2018
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inquirer - 6 month ago

Time to tighten your belt

Inflation is pushing up to 5 percent and the dollar-to-peso conversion rate has breached the 53:1 mark. The triumph of those who celebrate devaluation in the hope of being more competitive in the international market is bound to be short-lived. As it was 12 years ago when the peso had such abysmal performance, or in 1985 long after the assassination of Ninoy Aquino, the peso is a bellwether for an economy in turmoil. At least I think so. Looking around at the crowds in shopping centers, I sense a disjunct

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