President Ferdinand Marcos Jr. tells the public not to panic as the Philippine peso weakens to new historic lows, breaching the 64 pesos to 1 US dollar level. Multiple outlets report that he links the currency move to higher oil prices, which they say are weighing on the economy.
GMA News and Philstar focus mainly on Marcos’ reassurance amid the peso’s record low. In contrast, Inquirer coverage adds a political response: it reports that the Bagong Alyansang Makabayan (Bayan) coalition criticizes Marcos’ “don’t panic” message as lacking an adequate plan to address the worsening depreciation. One Inquirer story also notes the peso’s very recent step down from the 63 level within about a week.
Overall, the reports agree on the broad facts: the peso is hitting fresh lows around P64:$1, Marcos is urging calm, and he attributes the pressure largely to rising oil prices. They differ most in whether they foreground government reassurance alone or also include opposition criticism and timing details of the peso’s recent decline.
