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                    [ArticleID] => 367088
                    [Title] => Standard Chartered forecasts P49-to-$1 by yearend
                    [Summary] => 



UK-based Standard Chartered Bank expects the peso to strengthen to 49 to a dollar by yearend as it also dispelled fears a stronger peso will have a negative effect on the local economy.


"We remain positive on the Philippine peso given the economy’s strong external position," the bank added.


"While the government has expressed concern about a strong peso’s adverse impact on exports, it remains a useful tool in containing inflation," the bank added.


                    [DatePublished] => 2006-11-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1480108
                    [AuthorName] => Ma. Elisa Osorio 
                    [SectionName] => Business
                    [SectionUrl] => business
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GLOBAL RESEARCH DESK

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                    [ArticleID] => 367088
                    [Title] => Standard Chartered forecasts P49-to-$1 by yearend
                    [Summary] => 



UK-based Standard Chartered Bank expects the peso to strengthen to 49 to a dollar by yearend as it also dispelled fears a stronger peso will have a negative effect on the local economy.


"We remain positive on the Philippine peso given the economy’s strong external position," the bank added.


"While the government has expressed concern about a strong peso’s adverse impact on exports, it remains a useful tool in containing inflation," the bank added.


                    [DatePublished] => 2006-11-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1480108
                    [AuthorName] => Ma. Elisa Osorio 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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Standard Chartered forecasts P49-to-$1 by yearend

By Ma. Elisa Osorio  | November 5, 2006 - 12:00am

UK-based Standard Chartered Bank expects the peso to strengthen to 49 to a dollar by yearend as it also dispelled fears a stronger peso will have a negative effect on the local economy. "We remain positive...

Business