The peso has been on a falling trend against the dollar and there’s no telling how much more will the local currency depreciate to record lows. The weak peso has a knock-on effect on consumer prices in supermarkets, gas stations or credit card and loan payments.<br /><br />Can overseas Filipino workers, freelancers, and those earning in dollars take consolation in the strong greenback? Or do they face uncertainties as well in a global economy that is weakening further than expected? One thing is for sure: we now have to pay more for what we import such as oil, rice, pork, and other food products that are short in supply.<br /><br />How can businesses pivot to cheaper produce when costs keep rising for imported products? The vision of self-sufficiency in our C-Suite Vision.<br /><br />Your business is our business. Join our senior anchor Rico Hizon on The Exchange.<br /><br /><br />Visit our website for more #NewsYouCanTrust: https://www.cnnphilippines.com/<br /><br />Follow our social media pages:<br /><br />• Facebook: https://www.facebook.com/CNNPhilippines<br />• Instagram: https://www.instagram.com/cnnphilippines/<br />• Twitter: https://twitter.com/cnnphilippines
