More OFWs = a Powerful PESO

[brad]

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more OFWs = powerful peso

powerful peso = more purchasing power (sa maka afford)

more sales = more taxes

more taxes = daghan kawatonon

ang kawatan ug ma priso , i pardon lang.

bottom line, wa gihapon ayo.

sakto ka

[giddyboy]

more OFWs = powerful peso

powerful peso = more purchasing power (sa maka afford)

more sales = more taxes

more taxes = daghan kawatonon

ang kawatan ug ma priso , i pardon lang.

bottom line, wa gihapon ayo.

ok sab, pero on a pessimist side of view.

on an optimist side:

more OFW's = less poverty, less unemployment
more OFWs = more $ remittances to phils.
more $ remittances = more $ reserves
more $ reserves = less inflation rate, more liquidity in paying our WB/IMF debts
less inflation, more liquidity = stronger peso
stronger peso = better economy

[junmar4]

it is really ironic that the person who helped strengthen the peso are the ones affected by it. tsk3x...

I just hope that powerful peso translates to stronger buying power (locally). Para tanan malipayon.

maayo unta... but it's the opposite man nuon.

[brad]

another irony.
a person leaves for brighter future for him and his family.
i guess he has to wok harder now to send support for his family.

an exporter income is now affected. because his dollar revenue is woth less. so his income decrease. he pays less taxes and has to downsize to make a profit.

thats the effect of the strong pesot.

[giddyboy]

it is really ironic that the person who helped strengthen the peso are the ones affected by it. tsk3x...

I just hope that powerful peso translates to stronger buying power (locally). Para tanan malipayon.

sakto sab. but the very major factor ngano affected ta rn is the falling US economy. add pa ang high oil prices & the still rampant monopoly & oligopolies of our big 3 oil players.

di ba most of our OFWs are nurses & PTs in the US? maau sab para nila as a challenge ba. ug they will work harder to compensate. So mahinay hinay na jud kawala ang crab mentality did2. hehe.

ngano? ang usa ka nurse kng mupalit ug dako nga balay, palabwan pa sa usa ka kauban niya nga nurse. ang usa ka nurse kng mupalit ug honda, ang usa pud palabwan sa iyaha bag o nga BMW...mahurot ang kwarta sa palabwanay...mgka utang2x pa jud. i said this opinion ky i've been a witness to this kind of scenario over & over.

[brad]

honda-bmw-range rover- so what? i dont think your rich. i dont a give a shit to those people.but they are entitle to enjoy there life. maybe having a fancy car is their happiness. lets just hope they still help out their families after their salary is spend up.

to be rich you have to have and mansion and jets and lots of maids. assets is grater than liabilies not the other way around.

[giddyboy]

honda-bmw-range rover- so what? i dont think your rich. i dont a give a shit to those people.but they are entitle to enjoy there life. maybe having a fancy car is their happiness. lets just hope they still help out their families after their salary is spend up.

to be rich you have to have and mansion and jets and lots of maids. assets is grater than liabilies not the other way around.

OT:
sakto bay. more assets kaysa liabilities. mao man sab na blema dre ba. fancier cellphone (inutang pa jud) bsan buwad ra sud-an...
akoa point is, crab mentality abroad sometimes reduces the capacity to send monkey home, aw money diay. hehe
happiness lagi but more often than not is mixed w/ envy & jealousy sa kauban pinoy...

i believe nga mo-translate ra ning good effects sa more OFWs = powerful peso = more purchasing power kng:
(1) US economy rebounds (Phil is largely dependent on US economy)
(2) world oil prices moubos (maau ta balik bsan $60/barrel)
(3) ma-amend ang oil deregulation law (mawala ang monopoly sa big 3)
(4) more concrete efforts against graft & corruption

tanawon nlng nato 5-10 yrs from now...

[giddyboy]

another irony.
a person leaves for brighter future for him and his family.
i guess he has to wok harder now to send support for his family.

an exporter income is now affected. because his dollar revenue is woth less. so his income decrease. he pays less taxes and has to downsize to make a profit.

thats the effect of the strong pesot.

"The other side of the fence is not always greener. Much taller perhaps but not always greener. Sometimes it's better to think how to make your own grass greener."

For exporters - its a downside but at the same time a challenge...

[junmar4]

"The other side of the fence is not always greener. Much taller perhaps but not always greener. Sometimes it's better to think how to make your own grass greener."

For exporters - its a downside but at the same time a challenge...

asa kaha dapita ang challenge ana? di ba ang usa sa gisaligan sa atong ekonomiya is exports? if gamay ug kita, magkadugay magkabankarote. asa padulong, more une,ployment.

buying power? pila lang naa ana?

[giddyboy]

asa kaha dapita ang challenge ana? di ba ang usa sa gisaligan sa atong ekonomiya is exports? if gamay ug kita, magkadugay magkabankarote. asa padulong, more une,ployment.

ako export man gyud ko bro, naa lagi downsides, i knw.
ang challenges ako pasabot is:
For export,
(1) challenge for more efficiency & productivity.
(2) challenge to diversify markets other than depending only on US market.
(3) challenge to tighten belts.
(4) challenge to make better & quality products & services.
etc, etc...

btw, u know anything about "inflation"? i think apil pud ni cya sa equation about money...