| 11. | Subsidies from the National Government in 2011 amounted to 21 billion Philippine pesos.
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| 12. | The Thai baht and Indonesian rupiah have depreciated faster than the Philippine peso.
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| 13. | These are all denominated in the local currency, the Philippine peso.
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| 14. | The announcement also spooked sentiment toward the Philippine peso, traders said.
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| 15. | Just a few days later, the Philippine peso had its trading band widened.
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| 16. | Unrelenting demand for dollars pushed the Philippine peso to new record lows Thursday.
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| 17. | The Philippine peso halted its slide as demand for dollars finally slowed Friday.
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| 18. | The ringgit, Singapore dollar, rupiah, baht and Philippine peso all fell.
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| 19. | The Philippine peso has fallen by more than 20 percent against the dollar.
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| 20. | Despite the assurances, the trade figures have shaken the Philippine peso.
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