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Solons downplay peso decline

Lawmakers downplayed yesterday the dropping of the Philippine peso to a seven-year low and the plummeting stock market, saying that there were “eternal factors” involved and that President Duterte should not be solely blamed for the supposed loss of investors’ confidence in the country.

Lawmakers are one with President Duterte’s declaration of a state of lawlessness to intensify his administration’s campaign against terrorism and illegal drugs.

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Lawmakers yesterday rallied behind the proposal seeking to increase the salary of Philippine National Police uniformed personnel to a minimum of P50,000 monthly.

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Ten members of the Liberal Party – including key faces – have made the switch to the Partido Demokratiko Pilipino-Lakas ng Bayan chaired by incoming president Rodrigo R. Duterte a few weeks before the start of the 17th Congress.

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Leaders and members of the Liberal Party vowed to deliver significant votes for Manuel A. Roxas II and his running mate Camarines Sur Rep. Leni Robredo during yesterday’s show of force amid the stagnant survey rating of their standard-bearer.

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