Anyare? Netizens dig up Diokno’s claim peso ‘highly unlikely’ to hit P58 vs $1

Finance Secretary Benjamin Diokno appeared to have spoken too soon when he said in 2018 that it was “highly unlikely” that the peso will hit P58 to a dollar.

“The fear that our peso will go down to 58 is totally unfounded, highly unlikely,” then-Budget Secretary Diokno said.

On Thursday (September 22), the peso closed at P58.49 per $1, a new record low for the third straight trading day.

The decline came two years into the COVID-19 pandemic, with the peso pulled down by a strong US dollar.

A number of netizens took Diokno to task for his bold prediction— which ended up to be untrue.

In June 2022 when Diokno was central bank governor, he also said that the Bangko Sentral ng Pilipinas does not view stagflation, or a period of slow economic growth, high unemployment, and rising inflation, as an “immediate risk” to the Philippine economy.

He, however, nailed one assumption correctly: “Pwede ‘yun siguro kung wala nang pupunta rito, kung magkakaroon halimbawa ng SARS … and they will be avoiding the Philippines.”

Maynilad fined P9.26M over water service interruptions

West zone concessionaire Maynilad Water Services Inc. of Manuel V. Pangilinan-led Metro Pacific Investments Corp., has been fined P9.26 million by the Metropolitan Waterworks and Sewerage System (MWSS) for prolonged water service interruptions.

BRAFE GOLF set to tee off at at Forest Hills

The core group is composed of chairman JR Hernandez, Ting Yupangco, George Elazegui, Bong Africa, Roy Peña, Randy Nonato and BRAFE GOLF founder Albert MG Garcia, owner of the Megafiber brand.

BRAFE GOLF set to tee off at at Forest Hills

The core group is composed of chairman JR Hernandez, Ting Yupangco, George Elazegui, Bong Africa, Roy Peña, Randy Nonato and BRAFE GOLF founder Albert MG Garcia, owner of the Megafiber brand.

Germany raids properties belonging to Russian oligarch

German investigators on Wednesday raided properties belonging to a Russian oligarch suspected of tax evasion and breaking EU sanctions, police and prosecutors said, with sources naming billionaire Alisher Usmanov as the target.