Asia Sentinel

Asia Sentinel

Share this post

Asia Sentinel
Asia Sentinel
Manila Gets Set for the Downturn
Copy link
Facebook
Email
Notes
More

Manila Gets Set for the Downturn

Our Correspondent
Nov 22, 2008
∙ Paid

Share this post

Asia Sentinel
Asia Sentinel
Manila Gets Set for the Downturn
Copy link
Facebook
Email
Notes
More
Share

Often described as the sick man of Asia, the Philippines appears to be walking an economic tightrope again. Its currency has fallen sharply against the US dollar from a high of P44:US$1 to P50:US$1, a fall of 13.6 percent since August. Three of the pillars of its economy – call centers, electronics exports and inward remittances -- are all deeply expose…

Keep reading with a 7-day free trial

Subscribe to Asia Sentinel to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 Asia Sentinel
Publisher Privacy
Substack
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More