Filipinos slam draft remittance law

[SioDenz]

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Pwedi ra daw 10 Dollar per Month

[higanstolsdawen]

Pwedi ra daw 10 Dollar per Month

ka kalas ug 4 sgd nga service charge ana sa iremit.

[lhorenzoo]

mga politico sa pinas buaya kaayo . para insured nang kwarta sa gobyerno daan .

[<SMILE>]

Maayo pa man ang communist country walay balaod nga pareho ana,
naunsa na gud tawon ning atong gobiyerno, privately earned income baya na,
sila na man hinoon ang mag-boot sa kinitaan sa mga nag-trabaho.
kabaga sa lips.

[Istudyante-Ni-Pikoy]

Saonz. Na unsa mani atong Gov. oi. uhaw jd kaayo.

[M.A.D.]

This is not a good sign at all. This is a symptom of a deeper problem. This is akin to government seizing private assets since it can no longer fund itself. In this case the government is passing legislation forcing remittances that will ensure a steady supply of fx reserves.

The government probably is running low on fx reserves since it was engaged in a monetary policy of keeping the peso artificially strong and it may only be a matter of time before a market correction that will show the pesos' real value will happen anytime soon.

This is probably the worst government administration since it was wasted all the gains of the past administration. Our debt levels were reduced by more than 5% from its peak during GMA's time now they have lent again and this time the overall amount is in a new high. There is high unemployment, less to no infra, high crime rate, low food security, high inflation, and a national security nightmare. This administration has nothing to offer in despite of its shortcomings.

In short, the is the worst administration of them all.

[pak88]

While I am not a fan of this current administration, foreign currency reserves actually increased from $48 billion to nearly $90 billion in 2014. I don't think it is the policy of the BSP to keep the peso strong as it will discourage exports and will keep the economy from growing. In fact the BSP lost billions of pesos in order to keep the peso from rising further last year.


I agree though that our Pres. needs to do more so that progress can be felt by all so that the need to work abroad just to support your family is lessened. Citizens should be able to find work here.

This is not a good sign at all. This is a symptom of a deeper problem. This is akin to government seizing private assets since it can no longer fund itself. In this case the government is passing legislation forcing remittances that will ensure a steady supply of fx reserves.


The government probably is running low on fx reserves since it was engaged in a monetary policy of keeping the peso artificially strong and it may only be a matter of time before a market correction that will show the pesos' real value will happen anytime soon.


This is probably the worst government administration since it was wasted all the gains of the past administration. Our debt levels were reduced by more than 5% from its peak during GMA's time now they have lent again and this time the overall amount is in a new high. There is high unemployment, less to no infra, high crime rate, low food security, high inflation, and a national security nightmare. This administration has nothing to offer in despite of its shortcomings.


In short, the is the worst administration of them all.

[M.A.D.]

With no local industry to serve as a back up for increasing fx reserves, OFW remittances are the only stop gap solution. There is a rout in the EM now.

iShares MSCI Emerging Markets Indx (ETF)



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Operating margin 81.19% 72.73%
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Return on average equity -21.68% -1.26%

China PMI - a reading below 50 indicates manufacturing has declined.



In a volatile environment anything can happen. OFW remittances are not a long term solution to hedge against overseas exposure.
Even if this bill/law has its noble intentions, the state can't force its citizens to pay except through taxation.

While I am not a fan of this current administration, foreign currency reserves actually increased from $48 billion to nearly $90 billion in 2014. I don't think it is the policy of the BSP to keep the peso strong as it will discourage exports and will keep the economy from growing. In fact the BSP lost billions of pesos in order to keep the peso from rising further last year.


I agree though that our Pres. needs to do more so that progress can be felt by all so that the need to work abroad just to support your family is lessened. Citizens should be able to find work here.

[bossdak]

mao na ni epekto sa pagkawagtang sa pork barrel. ngita gyug pangwartahan ning mga buaya.

[digitalsuperman]

draft paman diay ni.ahak.layo pa kaayo ni. daghan panig debate agian.once nga mahimo naning bill, samot mas daghan paning debate agian.

kinsa man kaha nag draft ani nga bill. mga OFW dapat maghimog shame campaign sa FB ani nga congressman nag nag draft ani.