The Philippine peso hit a new record low, closing at ₱60.748 against the US dollar on March 31, 2026, driven by intense demand for the greenback amid escalating Middle East tensions. The currency fell from ₱60.69 the previous day, reflecting a sustained downward trend and market pressure.
Universal Access to Quality Tertiary Education Act
In August 2017, Philippine President Rodrigo Duterte signed a law that makes education at all state universities and colleges in the country tuition-free.
As of September 12, 2021, only four countries in the world still have not reopened schools since the COVID situation began in March 2020. Most countries have either partially reopened schools or reopened schools in phases.
By the end of September 2020, there will be only be two countries where classes are done remotely — the Philippines and Venezuela. Bangladesh and Kuwait will reopen on September 12 and September 27, respectively.
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About the Universal Access to Quality Tertiary Education Act
President Duterte’s economic advisors had suggested he veto the bill, arguing it would be too expensive and estimating costs could reach $2 billion a year. Duterte reiterated that the long-term benefits were greater than the budgetary implications.
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It is good for less privileged students. However, I believe the children of the well to do should pay their tuition in all state colleges and universities. Otherwise, the children of the rich should attend private colleges and universities!