MANILA, Oct. 28 (Xinhua) - The Philippine peso slid to 59.20 against the U.S. dollar, its lowest intraday level in history, on Tuesday amid concerns over the country's growth prospects due to the government's crackdown on infrastructure spending.
In a statement Tuesday, the Bangko Sentral ng Pilipinas (BSP) said it will continue to allow the exchange rate to be determined by market forces.
