Peso falls to 58:$1 as PSEi slips to 6-month low on corruption woes
MANILA, Philippines — The depreciating peso and developments in the Senate’s investigation into anomalous flood control projects caused the local bourse to slide to a near six-month low on Thursday. By the closing bell, the benchmark Philippine Stock Exchange Index (PSEi) tumbled by 1.09 percent, or 66.44 points, to end at 6,042.28. This is its lowest