{"id":179104,"date":"2018-08-29T04:09:38","date_gmt":"2018-08-29T08:09:38","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=179104"},"modified":"2018-08-29T04:09:38","modified_gmt":"2018-08-29T08:09:38","slug":"peso-weakness-impact-infra-projects-insignificant","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/08\/29\/peso-weakness-impact-infra-projects-insignificant\/","title":{"rendered":"Peso weakness&#8217; impact on infra projects &#8216;insignificant&#8217;"},"content":{"rendered":"<figure id=\"attachment_179105\" aria-describedby=\"caption-attachment-179105\" style=\"width: 960px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/08\/37817141_2258118787537420_2829669302376857600_n.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-179105\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/08\/37817141_2258118787537420_2829669302376857600_n.jpg\" alt=\"\" width=\"960\" height=\"664\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/08\/37817141_2258118787537420_2829669302376857600_n.jpg 960w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/08\/37817141_2258118787537420_2829669302376857600_n-300x208.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/08\/37817141_2258118787537420_2829669302376857600_n-768x531.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/a><figcaption id=\"caption-attachment-179105\" class=\"wp-caption-text\">FILE: Mark Villar visiting Mexico, Pampanga to inspect construction progress of high-impact infrastructure projects in the area. (<a href=\"https:\/\/www.facebook.com\/SecMarkVillar\/photos\/a.809996409016339\/2258118777537421\/?type=3&amp;theater\">Photo<\/a>: <a href=\"https:\/\/www.facebook.com\/SecMarkVillar\/\">Mark Villar\/Facebook<\/a>)<\/figcaption><\/figure>\n<p><strong>MANILA<\/strong>\u00a0&#8212; The depreciation of the Philippine peso will not delay the roll-out of government&#8217;s infrastructure program, Public Works and Highways Secretary Mark Villar said Tuesday.<\/p>\n<p>During the 2nd Economic Journalists Association of the Philippines (EJAP) Economic Forum, Villar said the weaker currency may affect project costs due to higher prices of imported construction materials, but will not result in a \u201cmajor impact\u201d to the Build Build Build Program of the administration.<\/p>\n<p>It was also feared that the appetite of investors to develop infrastructure projects might be affected with the higher cost to build.<\/p>\n<p>\u201cThere is an impact with regards to [the cost of] materials\u2026 But we have mechanisms to counter these effects,\u201d said Villar.<\/p>\n<p>He mentioned that DPWH is reviewing quarterly the prices of construction materials and can provide \u201csome flexibilities\u201d to adjust from the fluctuation of foreign exchange rate.<\/p>\n<p>\u201cMore or less, this cost can be absorbed,\u201d he said.<\/p>\n<p>The local currency has depreciated by more than 6 percent against a dollar this year.<\/p>\n<p>On Tuesday, peso closed to PHP53.32 against the greenback.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u00a0&#8212; The depreciation of the Philippine peso will not delay the roll-out of government&#8217;s infrastructure program, Public Works and Highways &hellip;<\/p>\n","protected":false},"author":33,"featured_media":179105,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-179104","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-kris-crismundo","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/179104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=179104"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/179104\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/179105"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=179104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=179104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=179104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}