OFWs hurt by strong Philippine peso

[silent-kill]

& you are saying all OFW's earn more than 300USD? that only applies to a few bai.

bai regardless kong pila imong sweldo, kong mas dako imong gasto wa jud kai ma tigum ana.. bisan gamay ra sweldo basta maka save+ invest with the power of compounding interest.. that is still better compared sa negative savings.

"if you are born poor, that is not your fault. if you die poor, that is your fault" - abai bill gates.

if the peso is appreciating look at it as an opportunity, ang question lang if ready na ba ka sa opportunity?

[Dorothea]

plus kung mo import ta pagawas ta ug kuarta, kung mo export ta pasulod ta ug kuarta. we don't have to be an economist to know which among the two is favorable.

Mao jud, unsa man naka datu sa mga Mid East countries, di ba tungod sa ilang oil nga gi export? Unsa man naka sustain sa atong economy, di ba atong mga tawo nga atong gi export sa laing countries? Unsa man naka datu sa China? When you export, you sell stuff, so money comes to you. When you import, you buy stuff, so your money departs from you. The money that comes in must be more than the money that goes out to come out ahead and avoid going in the red, right? Mao lang pud na akong nasabtan. To truly better our lives as Filipinos and to create a stronger country, we should export/sell other stuff besides our people.

[silent-kill]

Mao jud, unsa man naka datu sa mga Mid East countries, di ba tungod sa ilang oil nga gi export? Unsa man naka sustain sa atong economy, di ba atong mga tawo nga atong gi export sa laing countries? Unsa man naka datu sa China? When you export, you sell stuff, so money comes to you. When you import, you buy stuff, so your money departs from you. The money that comes in must be more than the money that goes out to come out ahead and avoid going in the red, right? Mao lang pud na akong nasabtan. To truly better our lives as Filipinos and to create a stronger country, we should export/sell other stuff besides our people.

maybe ang sunod i focus sa government nato is to become less dependent on imports, on products nga pwede ra diri buhaton sa pinas, like utan, karne, bugas og uban pa.

[SioDenz]

Hisgot man tag IMPORT, unsa makaayu sa atung nasud/economy if mag Import ta - Taas nga value sa Peso or Gamay nga value sa PESO? (against dollar)

[silent-kill]

Hisgot man tag IMPORT, unsa makaayu sa atung nasud/economy if mag Import ta - Taas nga value sa Peso or Gamay nga value sa PESO? (against dollar)

mas nindot jud nang kusog ang peso bai kong mag import ta.. kai mas daghan ta ma palit.

[aenigma143]

usa pa kung ubos ang Peso this will encourage foreign tourist to come here coz they could enjoy their vacation since they have lots of purchasing power against our cheap peso. kung motaas ang peso, ma turned off sila ug ang ato pod mga locals ganahan vacation abroad kay maka afford na sila. which of the two would scenario would give a positive effect to our economy then?

Murag mao mani nahitabo sa GREECE karon, sa wala pa sila mo apil sa EU ilang money kay less against dollar so daghan kaayo mga tourist kay affordable man didto. Pagjoin nila sa EU ilang money kay greater than $$$ so ilang mga tourist niminus which is naka apekto sa ilang economiya. Tan awa sila karon na unsa na.

[Dorothea]

bai regardless kong pila imong sweldo, kong mas dako imong gasto wa jud kai ma tigum ana.. bisan gamay ra sweldo basta maka save+ invest with the power of compounding interest.. that is still better compared sa negative savings.

"if you are born poor, that is not your fault. if you die poor, that is your fault" - abai bill gates.

if the peso is appreciating look at it as an opportunity, ang question lang if ready na ba ka sa opportunity?

Tinuod baya ni bro, but only up to a point. Kung imong sueldo anha ra jud kutob sa minimum wage, gamay ra kaayo kag leftover money to invest with. You don't have any wiggle room. You should always aim for a higher salary or a higher income, because when you put the power of compound interest to work, even a difference of 500 pesos nga monthly investment, dako na kaayo na deperensya.

[Dorothea]

mas nindot jud nang kusog ang peso bai kong mag import ta.. kai mas daghan ta ma palit.

But importation is not the thing that will make a country rich in the long run.

[akoLoloNinja]

actually guys if you don't know the Philippine government has been regulating the peso valuation.
this is to lure more and more investors into the country...
but this is only temporary... until we can sustain our own economy, same strategy with china.

instead of whining we just get ourselves ready, because there will be lots of opportunity to make money hahaha.

If they are trying to lure foreign investors then they should just abolish FDI law.

[Dorothea]

Murag mao mani nahitabo sa GREECE karon, sa wala pa sila mo apil sa EU ilang money kay less against dollar so daghan kaayo mga tourist kay affordable man didto. Pagjoin nila sa EU ilang money kay greater than $$$ so ilang mga tourist niminus which is naka apekto sa ilang economiya. Tan awa sila karon na unsa na.

Agree! They never should have done that whole euro currency thing.