1.   Analysts were divided as to whether the Philippines may lose its competitive edge in exports to Thailand, following the devaluation of the Thai baht this week.

2.   As the Thai baht plunged to a record low against the dollar, the Philippine central bank shoved interest rates higher to protect the local currency.

3.   As the won tumbled, the Philippine peso, Thai baht and Indonesian rupiah slid to historical lows against the dollar.

4.   A host of other Asian currencies, including the Malaysian ringgit, the Thai baht, the Singapore dollar and the New Taiwan dollar, also recovered.

5.   A devaluation of the Thai baht last July spread across Southeast Asia, and several other countries were forced to devalue their own currencies.

6.   A few months before that, a Thailand central banker claimed that Soros had caused the collapse of the Thai baht.

7.   A Thailand central banker claimed that Soros had caused the collapse of the Thai baht.

8.   A widening current account deficit and booming bank lending for construction were among the key reasons forcing the devaluation of the Thai baht earlier this year.

9.   After the Thai baht collapsed, speculators moved on to other countries, spurring the panic.

10.   Both the Philippine peso and the Thai baht set new record lows.