Long-term fixes urged as Cebu continues to brace for weaker peso

CEBU CITY, Philippines – The public sector is once again being urged to strengthen logistics systems and food supply chains, while businesses are advised to diversify sourcing strategies as the Philippines enters its ninth straight week with the dollar above the P60 level. The continued weakening of the peso against the US dollar is expected to further squeeze households and businesses in Cebu.  It will result in increased costs for fuel, electricity, and imported goods, creating opportunities for export-oriented industries and tourism players, said Cebuano economist Fernando ‘Perry’ Fajardo.   READ MORE: Better logistics, food supply key to cooling Central […]... Keep on reading: Long-term fixes urged as Cebu continues to brace for weaker peso

Original source: Philippine Daily Inquirer