The peso on Wednesday rallied to its highest in nearly six years at 49.185 before closing at 49.195 to a dollar on the influx of overseas remittances and investment inflows after the four-day Christmas holiday break.
While Philippine Peso is getting better, it is still a question wether it will help uplift the life of common Filipino people. But that's another story. While the government is rejopicing over this, relatives of OFW's wouldn't be as happy as this would mean they'll get less. What an irony.:-)
But there's another reason to be happy at least for those planning to file an application for permanent residence in Canada. Embassy-imposed rate for processing fee shall be reduced from P45 to a C$1 down to P43 effective January 22, 2007.
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