Economy

The ‘strong peso’ and the folly of OFW export

By SONNY AFRICA | Ibon Features

Addressing the impact of the lowering peso value requires more than the mitigating measures government has so far implemented, including the hedge fund set up by the DBP, and Malaca?ang?s fiscal stimulus program.

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Davao jeepney drivers bound to lose more if they don’t go on strike — Transmission


On Strike. Davao drivers who joined the transport strike mass up at the Bankerohan- Magallanes intersection to ask the support of fellow drivers. (davaotoday.com photo by Cheryll D. Fiel)

By CHERYLL D. FIEL | Davao Today

Joel Basiao, a driver of a passenger jeepney in Davao City, said he lost as much as P200 on Thursday for joining the nationwide transport strike. But he said it was just about the same amount that drivers like him have been losing every day this year because of the unabated increase in the prices of oil.

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