This news was posted below Dec. 16, 2015. is it still safe to attribute this to the current govt? or is this a way to paint a color to the govt since their expose about EJK is not working as they expect it.
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PESO ‘MORE RESILIENT’
Analysts at the Australia and New Zealand Banking Corp. (ANZ Bank), meanwhile, said the peso will likely stay “more resilient” compared to other Asian currencies but still show relative weakness against the greenback in line with the regional trend.
“In Asia, further depreciation is likely, with an easing of portfolio flows, foreign debt repayment, and hedging activity and increased resident outflows all likely to play a role,” ANZ Bank economists said in the December issue of its Foreign Exchange (FX) Monthly Outlook report.
ANZ Bank sees the peso ending 2015 at P47.40 level as of Dec. 15. With higher interest rates in the US, the Philippines and other emerging Asian economies would likely see a rebalancing of flows to relocate outside the region, said senior FX strategist Khoon Goh.
Looking ahead, the bank sees further weakening for the local currency early next year ahead of the May 2016 polls.
“We see INR (Indian rupee) and PHP staying more resilient, but for both to still lose ground against the USD... For PHP, presidential elections in May have historically tended to see the currency weaken in the lead-up to and shortly following voting,” the report read.
ANZ Bank forecasts the peso to hit P48 against the dollar by June 2016, and to close at the P48.50 level by December next year. -- Melissa Luz T. Lopez
BusinessWorld | Peso seen ending year at P47:$1 as risks remain
Last edited by PaYaSo; 09-28-2016 at 07:37 AM. Reason: nglibog si yanong
Bai nag ingon rako nga dependent kaayo ang PH sa US, in which mo ingon sad ka nga wala on your objection bringing the imports and exports data 2015. Karon nag ask ko nimo,,Did you even consider the OFW 29.7B and BPO 22B revenue 2015 kay wala man kaha tay overeliance sa US if mawala ni nga revenues ok raba ta ani? tubag lang kay ug sayup ko aw ug e close ni tanan US based BPO ok pamn kaha ta ani. To verify the figures checking lang government data.
Aw hinoon no ug mag collapes ang US stock market dili raman cguro mo bubble sa uban economy ni,, ma buhi pata ani oi, PSE mag celebrate gyud sila ani walay man daw tay overreliance sa US ingon si Theko so ok ra kaayo ta ani oi
Last edited by 21guns; 09-27-2016 at 04:47 PM.
So klaro na gyud ni, ang problem nato is not our relationship with the Americans, The VFA, The JPEA & The President but the Mindanaoans specially the southern parts. Pareha ra ni siya boss sa majority always wins and those who are not in favor are free to get out or stay put and cooperate. And as I can see it, the majority disliked our turmoil with the western govts.
Last edited by brownie; 09-27-2016 at 04:48 PM.
nyahaha ako boss pwedi ko mo kiss anang duha nyahaha "the more the merrier" ingon pa nila nyahaha
bitaw para nko basta ang pinas ma free sa drugs and corruption ug ma safe na, nya sustainable living sa mga pinoys nga dli na cla mo work abroad, and if in the process naay mga issues like EJK, staying away from US ug uban pa, ako lng nang dawaton nyahaha
Kapoy na na ang abroad uy,
anha nalang ta sa ato mo-trabaho with the same salary, I hope ma-achieve na.
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