The Philippine peso: Strongest currency in Asia! GOOD NEWS

[bcasabee]

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Maka ayo man sad, it means mas mo gamay gamay ang budget deficit kay mo gamay naman sad ang balor sa atong utang which is mostly in dollars. Mas gamay ang deficit, mas maka save ang government.

[junmar4]

unya ang masave asa man padung? sa mga tawo nga naa sa gobyerno para madugangan ila makurakot!

[monrose29]

ma o nay dakong pangutana nga lisod tubagon... hehehehe..

maka ayo na sa mga negusyante, maka ayo na sa mga datu, pero wa gihapon nay resulta sa mga nag isang kahig isang tuka natong mga igso-on...

pero para nako usa ka yanong tawo.. the hell i care that peso... wa man gihapon nay ikatabang nako....

unsa may ikatabang ana nako behh? tabang sila bayad akong utang? tabang sila maka kita kog trabaho nga dako og sweldo?

maypa maningkamot nalang kog ako-a sariling sikap..

[bcasabee]

Lahi na pud na nga pangutana.......Dili na sala sa value sa Peso.......sala na sa tawo........

Actually kung less ang budget deficit.......ang effect ana is strong investor confidence because it means a more stable government........kung daghan investor daghan mabuhat nga trabaho.....mas daghan trabaho mas daghan opportunity for growth........Tan-awa ang call centers, dagko na kaayo ug mga sweldo, gibuhat na sa mga companies para maka attract ug employees.........Imagine kung dili lang call centers ang managhan, apil na pud software dev, electronics, shipbuilding, mining, R&D, tourism etc......

unya ang masave asa man padung? sa mga tawo nga naa sa gobyerno para madugangan ila makurakot!

[kolz]

unya unsa lagi kaayohan ani?

In my case .. nakapalit na mig additional computer units (ordered from Dell) ... kay ningbarato na pud ang bilihon sa computers and spare parts ... if you compare it at 50 and at 45 dollar exchange rates ... Ang mga ARM prototyping boards which we bought for $1500 mahug na lang ug PHP 72,000 ikumpara sa 79,000 at 53 exchange rate... if we buy 10 for all engineers, daku na kaayo amo ma save...

We now have more money to spend on something else sa among ginagmay nga outsourcing na negosyo ....

Dako kaayo mig na save! Thanks to the strong peso ...

[pandisal]

As long they see the people on the street begging for centavos, they gonna be feeling sorry for the state of the country... (negative mindset of a pinoy at works)... nothing a government can satisfies this kind of people until maybe they themselves are on top or living wealthy...

[baron]

I just learned that the peso's appreciation led to slashing out around P37B of our external debt. This just proves that the continuous strengthening of the peso leads to a stronger economy. Hopefully, we'll have less financial burdens with the peso's stability.

[junmar4]

unya? sige lang ta ingon ni appreciate ang peso pero wa jud ta macite nga realistic proof.

[grabehbebe]

French bank sees continued peso rally

http://business.inquirer.net/money/b...ticle_id=44739
By Doris Dumlao

FRENCH banking giant BNP Paribas is bullish on the peso given the country's rosier economic fundamentals, projecting the local currency to rally further toward the 45 level against the dollar by the second half of 2008.

Speaking before an infrastructure forum held by First Metro Investment Corp. and the University of Asia & the Pacific on Friday, BNP Paribas chief economist and head of credit research for the Asia-Pacific Andrew Freris said they were expecting a "re-rating"--likely a sovereign credit rating upgrade from Standard & Poor's--after the May elections.

The Hong Kong-based economist had also forecast growth in local gross domestic product to pick up to 6 this year and 6.5 percent next year while inflation rate was seen easing to 4.5 percent this year and 3.5 percent in 2008.
He said the peso would continue to appreciate against the dollar as foreign inflows were improving alongside the country's external trade balance.

BNP Paribas also sees the peso hovering within the 48 levels within the first half of this year then breaking into the 47 level after the May elections. The local currency was projected to hit 47.50 by the third quarter and further rise to 47 to the dollar by the last quarter of this year.

By the first quarter of 2008, Freris projected that the peso would gain further against the dollar to hit 46.50 in the first quarter, 46 in the second quarter, 45.50 by the third quarter and 45 to a dollar by the fourth quarter.

"The external balances will support it. Inflation is flattening out, GDP growth is going to be basically okay and the re-ratings coming from a substantial improvement in fiscal position will spell another cut in interest rates," Freris said.

[cooldude75ph]