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                    [Title] => Philippine pre-poll wars risk alienating investors
                    [Summary] => Seasoned investors expect a fair degree of volatility from the Philippines, but paralyzing political infighting before next May’s election threatens to push the country off the radar of acceptable risk. 


The peso steadied yesterday after being pounded to its lowest close on record the previous day. But it still stands close to its all-time low of 55.75 to $1, making it harder for the government to pay ever-mounting debt and ramping up an already costly oil import bill. 


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BASIS POINT

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                    [Title] => Philippine pre-poll wars risk alienating investors
                    [Summary] => Seasoned investors expect a fair degree of volatility from the Philippines, but paralyzing political infighting before next May’s election threatens to push the country off the radar of acceptable risk. 


The peso steadied yesterday after being pounded to its lowest close on record the previous day. But it still stands close to its all-time low of 55.75 to $1, making it harder for the government to pay ever-mounting debt and ramping up an already costly oil import bill. 


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Philippine pre-poll wars risk alienating investors

October 31, 2003 - 12:00am

Seasoned investors expect a fair degree of volatility from the Philippines, but paralyzing political infighting before next May’s election threatens to push the country off the radar of acceptable risk. The...

Headlines