The Philippine peso: Strongest currency in Asia! GOOD NEWS

[baron]

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I think our peso will get stronger if only if our government politics will change and ang mga kurakot/kawatan nga mga officials aplilon unta sa mga vigelantes...

If only we can wish our politicians to stop their corrupt practices and they will follow us. Sad to say, some of them are even bragging about how they waste taxpayer's money.

Actually, it's quite good for us that even if it seemed that Philippine politics is not that stable, (compared to Thailand and Indonesia, we're a lot better, I suppose) the peso continues to strengthen. OFW remittances because it’s enrolment are a factor maybe, but not all of it. We have to give credit where credit is due and we have to take note of the fact that investments are pouring in.

The confidence of the international community with our economy explains why the peso is strengthening.

[mike_iansat]

mao rman gihapon wa man nibarato ang gasolina ug uban pang palitunon.

[cebutech]

I think statistics would tell a lot about our real economic situation so Bring on the FACTS. Give links to Factsheets/Statistics instead of just repeating what you've heard from politicians. They talk about our strong peso. Okay. how about INFLATION?

Regarding the increasing number of OFWs and their contributions -> http://www.poea.gov.ph/stats/remittance_1997_2006.html
Regarding our National Debt -> http://www.treasury.gov.ph/statdata/...andingdebt.pdf

Regarding the investments pouring in -> ? investments in Call centers business, Hotels...

find out more from these sites:
http://www.nscb.gov.ph/
http://www.boi.gov.ph/
http://www.manila-online.net/bles/
http://www.treasury.gov.ph/statdata/statdata.html

[ROCK]

Kana jud nga Dwendi sa malacanang maoy sad an ngano nga nigamay na lang ang conversion sa ako dollar, maayo pa unta to ug si Erap kay basin 65 to 70 per dollar na .... GMA kaputot lang ni hasta ang dollar natakdan ug kaputot kay nahimo na lang 45 to 1 dollar.. hayyyy take over na mo mga opposition senators like trillanes , Honasan , lacson ug uban pa aron maguba na pud ang ekonomiya ...may chance na pud nga makabalik sa 55 to 65 ang peso to dollar unya..

[Mr.Ho_chia]

Kana jud nga Dwendi sa malacanang maoy sad an ngano nga nigamay na lang ang conversion sa ako dollar, maayo pa unta to ug si Erap kay basin 65 to 70 per dollar na .... GMA kaputot lang ni hasta ang dollar natakdan ug kaputot kay nahimo na lang 45 to 1 dollar.. hayyyy take over na mo mga opposition senators like trillanes , Honasan , lacson ug uban pa aron maguba na pud ang ekonomiya ...may chance na pud nga makabalik sa 55 to 65 ang peso to dollar unya..

Faeta bro! mura man ka ganahan mag antos ta tanan. ayaw bro. :mrgreen: to the Peso. Sige pa, hataw pa, go peso

[zakarias]

kanang di gusto mosaka ang piso kay one sided ra kaayo mo. gusto lang mo sigi mahal ang dollar kay naa may tigpadad-anan ninyo sa gawas. unya kami nga wa'y gisaligan sa gawas sigi lang kagamay among piso.

kanang taga-export sector sigi yawyaw nga alkanse sila pero dili gyud mo cite og figures. pero matud pa sa BDO strategist nga si Jonathan Ravelas kay nisako kuno ang export og 12 percent.

bi unsa man gyud?

[Wind Shear]

K lang. When was the last time na-increase ang presyo sa lana? Hehehehehe... Go figure boys!

[bnc]

true.. :mrgreen:

[wikki]

currency is not the = value of the economy. china whos GDP averages 10-11 Trillion per anum and Japan 6+ trillion per anum are the economic powerhouses of asia. Phil 200+ million per anum (corruption not deducted).

note China is the 2nd worlds largest economy before the US (13+ per anum) followed by Japan. 2007 surverys.

[Rance]

If you're earning in US$ now how is the economic impact to your business and to your personal life as a consumer? does the decline/strong Peso will be beneficial if you will spend/invest in the Philippines?