Daily Business Wrap - Philippine peso drops to lowest level since December - video Dailymotion

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Currency falls to 14.4 against UAE dirham, making it an attractive time to send money home. Elsewhere, Dubai has banned electric scooters, throwing into doubt the plans of as many as nine companies, as it begins to study a new law. Daily headlines from the UAE and around the world brought to you by Gulf News. See more at: http://gulfnews.com/videos

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00:00The Filipino peso fell to its lowest level against the dirham since December, just days

00:07after the new central bank governor assumed his post.

00:11Falling to 14.1 pesos to the dirham, many are saying now is the right time for Filipino

00:17expatriates in the UAE to send their currency home, achieving values not seen in the last

00:22three or four months.

00:24Benjamin Diokno, the former budget secretary, took over his position on March 5th, saying

00:28he favours low interest rates and calling a weak currency not particularly detrimental

00:33to the Filipino economy.

00:35Elsewhere, Dubai's transport regulator has banned electric scooters from the streets,

00:40calling them a health and safety hazard to pedestrians and saying it needs time to formulate

00:45new laws to deal with the controversial form of transport.

00:49In cities like San Francisco, Madrid and Paris, regulators have been tight on the transport,

00:54which can be rented and a hop-on, hop-off via applications downloaded on your mobile

00:59phone.

01:00You may have seen these scooters springing up around the city over the last few months.

01:05They have now been taken off the streets whilst the Roads and Transport Authority, or the

01:09RTA, decides exactly what kind of regulations to implement to govern the transport.

01:15And amid further fallout from the disaster that claimed the lives of 157 people on Sunday

01:20in the Ethiopian Airlines crash, the FAA has decided not to ground the Boeing 777-300 MAX

01:278, which is the jet that was in use at the time of the disaster.

01:31Analysts say it's too early to draw parallels with the Lion Air crash in Indonesia last

01:35October, which was also using the same brand new jet from Boeing.

01:40FlyDubai has said that they will not be grounding the jet, for which it has around 200 orders,

01:46and the Singaporean authorities have closed the airspace to the plane, whilst authorities

01:52in Australia have also done the same.

01:56Boeing's share price is currently trading at around 2% down ahead of the US stock market's

02:00opening on Tuesday morning.

02:03That's all for today.

02:04You can check us out on gulfnews.com and we'll be back tomorrow with more news and updates.

02:09Thanks very much for watching.

Daily Business Wrap - Philippine peso drops to lowest level since December

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