The on-going conflict in Syria continue to put a dent on the peso resulting in its 44.75 close against the dollar yesterday, the weakest since September 2, 2010’s 44.95.
The local currency shed P0.25 from Tuesday’s 44.50 finish due also to the uncertainties on whether the Federal Reserve will start to cut its monthly $85 billion bond buying program next month.
A trader said that higher prices of domestic fuel products are among the factors that resulted in peso depreciation during the day.
Transport, labor groups ink pact
The United Negros Drivers and Operators Center and the General Alliance of Workers’ Assemblies will sign a covenant today to safeguard the welfare and the rights of workers.
GAWA convenor Wennie Sancho said that, under the agreement, both UNDOC and GAWA will uphold the dignity of all workers, defend the poor, the helpless, the oppressed, and the victims of injustices in their quest for equality and social justice.
Sancho said this will guide the organizations in pursuing a militant movement relevant to their causes and also to alleviate the economic plight of the working class.
More livestock distributed
around Neg. Occ.: PVO
Negros Occidental Governor Alfredo Marañon Jr. and Provincial Veterinarian Renante Decena distributed 153 gilts and five high-breed boars to associations and breeding centers from six cities and seven towns in the province at the Capitol yesterday.
The recipients are from the cities of Sagay, Cadiz, Silay, Talisay, Bago and Himamaylan and the towns of Manapla, Valladolid, San Enrique, La Castellana, Cauayan and Hinoba-an.
Decena said the gilts and the boars were purchased from the Philippine Pig Improvement Company in Davao as part of Negros Occidental’s Provincial Animal Genetic Improvement Program on swine, an initiative in partnership with the commercial hog breeders that helps conceptualized the swine genetic improvement since 2007.