Seeing the risk, as well as the bright spot amid the gloom

The peso’s depreciation has not really been causing much alarm on the local financial markets, and that’s the comfort afforded us by a briskly growing economy and confidence in the future fueled by the promise of major infrastructure projects soon to unfold.

Even when the Philippine currency slipped for the first time in 10 years to the P50:$1 level last November and traded near 11-year lows this year, making it the worst performing currency in Asia so far in 2017, we don’t hear Filipinos grumbling.