Philippines to help ailing nations with $1-billion loan to IMF

[Fergeboy]

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reserves man ni ang ipa utang. kanang reserves, pang emergency ra na og dili dapat gamiton sa infrustructures or projects. mas dako tag problema if ma drain atong reserves kay gi gamit sa wrong investments.

Sakto gyud. Kaning uban, gi explainan na gani nga reserve, ipagamit gyud LOL

[james_chaw]

instead of playing politics all the time, why not pay off our debts from ALL world lending institutions para mas nindut atong credit rating. and secondly, kung naa raman d.i nang kwarta, nganong wla man ghapon ta ning asenso?

[erwin_rommel]

instead of playing politics all the time, why not pay off our debts from ALL world lending institutions para mas nindut atong credit rating. and secondly, kung naa raman d.i nang kwarta, nganong wla man ghapon ta ning asenso?

sayon ra kaayo na isulti bro nga dapat bayran atong utang. ang pag pangita sa kwarta ang problema. kana lagi nga kwarta, dili na para gasto sa pilipinas para karon panahon. reserves ra na og pang worst case scenario ra na. kung ma parehas na atong economy sa galisod nga countries sa europe, mao na ang time nga gamiton na nato atong reserves. kung gamiton na nato karon unya ma timingan ta og crisis, buhagay resulta nato ana.

[balipseyev]

The Philippines rank 26 in foreign reserves.... We have around US$76Billion enough to pay for a year para sa atong import needs...

Philippine forex reserves fall to US$76B in April

THE Philippines' gross international reserves (GIR) slightly declined as of end-April compared to the previous month, the central bank said on Monday.

Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. said the country's GIR as of end last month stood at US$76 billion, lower by US$0.1 billion compared to the end-March level of US$76.1 billion.

"Maturing foreign exchange obligations of the National Government as well as revaluation losses on the BSP's gold holdings on account of the decline in the price of gold in the international market reduced the reserve level during the month," he said.

But the outflows, he said, were largely offset by income from investments abroad of the central bank and foreign currency deposits by authorized agent banks.

IMF: Healthy forex reserves to secure PH from threats

The Philippines’ growing foreign exchange reserves will keep the country safe from shocks brought on by problems now gripping the global economy, the International Monetary Fund said.

The IMF said that the Philippines’ gross international reserves (GIR), which stood at a record of $77.77 billion by the end of February, would be sufficient to allow monetary officials of the country to respond to sharp capital outflows—a risk emerging economies now face due to global economic uncertainties.

“Should volatile [capital] outflows occur, there is scope to use reserves to smoothen the effects of such outflows,” the multilateral institution said in its latest paper on the Philippine economy.

[ian_1983]

. Kabalo ba mo that the United States being one of the biggest lenders in the world is also the nation with the biggest debt?

This kind of statement is uncalled for. First of all do not compare and put the Philippines in the same sentence with the United States. We are a poor and a third world country. Roughly 50% of population are very poor and can only eat 1 decent meal for a day. Maybe bcoz of this so called contribution to IMF our external debt for 1st qtr of 2012 has increased to $62.9 Billion (convert that to peso and figure it out yourself). Yes that is true, the United States is one of nation in the top ten list (No 7) with the biggest external debt, but Japan is on the very top. Dont mind them, coz despite there debt troubles they are still able to provide excellent basis services, however our PITY GOVERNMENT CANNOT.



http://www.abs-cbnnews.com/business/...629-billion-q1

[ed168III]

nice, naa na jud tay intl audience

[æRLO]

reserves man ni ang ipa utang. kanang reserves, pang emergency ra na og dili dapat gamiton sa infrustructures or projects. mas dako tag problema if ma drain atong reserves kay gi gamit sa wrong investments.

We'll then that's the problem. Di gihapon ta mag allocate ug bigger budget nga ni abot naman diay atong reserve ug $75B+? Klaro kaayong ang administrasyon di kybaw unsaon pag-gamit sa kwarta, maong ipa-loan nalang sad. If we are able to allot 1B from the reserves, why not put that into something useful here? we have a what? something $1Trillion+ budget? $1B to any sector will help! Di man ta pareha sa more developed countries nga naay room maka-loan because their infrastructures are generally and relatively well. Like what ian_1983 said, you guys are comparing two economic standards. If you don't consider our unemployment rate, sharply increasing poverty rate, and relatively deteriorating infrastructure as an "emergency" then goodluck.

kung musakay ta ug eroplano, unsay instruction kung mag-problema ang cabin pressure?
"Help yourself, before assisting others"--it's very fundamental.

[kaspaguz]

samut kadaku utang ni juan aning kalakiha, mamayad sa ta oi usa ta mangrenew hahhaha

[shal213]

so does this mean mangakon nasad ang mga dilaw nga ilang idol ang rason nga paid off na atong utang sa IMF ani?

The best investment is to inject that money into the country's infrastructure and overall economic capacity, not to lend it off. Mas dako ang ROI that way at the same amount of time. It improves efficiency. At the same time you create jobs, kysa stagnant nang kwarta mag pa-interest.

Sir, nindot imo argument from a direct production point of view. Pero if corporation na ang hisgutan, it is imperative that we invest in image building. Ang ROI sa foreign investors would be greater than the ROI generated from self investment. Aside ana sir, sure pa jud nga ang 20% sa 1 billion kay dili ma.kurakot.. ehehe...

[yacky2006]

Istorya raman cguro nang 1B$ pang hapin sa umabot niyang SONA ba hehehehe wala man gud mahapin niya lain pang dugang pag ka wagtang ni Renato.

Mora gud si GMA sa una mag SONA pina drama2x gamit ang mga payatas boys daw nag pa anod ug barko2 sa pasig.

Mao sad ni pang hapin rani sa SONA