PASIG CITY, Philippines--Can the government do something to stop the peso from appreciating further? Former Socioeconomic Planning Secretary Felipe Medalla thinks so, by buying dollars to prepay more of its dollar-denominated debt. Medalla believes P38 to a dollar is fast becoming a big possibility if the Arroyo administration does not adopt the right policy mix. Video taken by INQUIRER.net business editor Ma. Salve Duplito at the Economic Policy Reform Advocacy forum on fiscal incentives at Discovery Suites on Dec. 5, 2007.
