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Lese-Ansicht

Philippines Eyes Ex-Military Base to Store Radioactive Dust

A ship with 23 containers of radioactive zinc dust that was stuck off the coast of the Philippines has unloaded the cargo, an official said, more than two months after the material was sent back from Indonesia.

A Cosco Shipping Holdings Co. container sits stacked at a shipping terminal. Photographer: Akio Kon/Bloomberg
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Why Is the Philippine Peso So Weak and Who Benefits?

In early January, the Philippine peso slid to 59.38 per dollar — its weakest level on record. While it has since recouped some losses, officials have signaled a tolerance for further depreciation and traders are watching closely for any signs of central bank intervention.

Philippine peso banknotes. Photographer: Brent Lewin/Bloomberg
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