More OFWs = a Powerful PESO

[g3ftw]

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we need more powerful fiscal policies. .

[baby_grace]

The remittances of the OFWs really contribute to the strengthening of the Peso. But not only that, influx of foreign investments also contributed to the strength of the Peso. Furthermore, the weakening of the US dollar may also be a factor. These dependents of OFWs who are complaining just don't know how to save the money sent by their relatives abroad. The government has a program to teach the families of OFWs how to make use of the money. They just spend, spend, and spend. It's just called irresponsibility.

[The_Gadore]

i think we should look on the entirety of things... how does the value of PESO really affect our way of living? to our cost of living? how much percentage of the whole philippine population benefits its rise?

funny though coz i remember the past few years filipinos were whining much about the fall of PESO and how they wished it would rise back... they blame the high dollar rate for being poor.... now the PESO is more stronger... and we still don't have money... and part of it we put the blame on the low exchange rate...

hmmmm.... gets me to thinking... is it really the reason? think think think....

[digitalsuperman]

as what my friend would always say and i quote, " Mao nang dili gyud mo asenso ang ubang pilipino kay magsige lang ug reklamo.. "

[okimangelo]

Maybe its better of na taas ang dollar kay bisag mo kusog ang piso, dili man nato ma feel ang value, mao raman gihapon ang presyo sa mga commodities. Doble lugi ana ang may mga OFWs kay ni gamay ang value ka monthly remittance nila, wala man ni gamay ang mga commodities.
Hayz....na lang jud ta taman...

[taga_ipil]

we'll... we cannot please everybody at the same time
"Human being just dont know what contented means"



“Earth provides enough to satisfy every man's need, but not every man's greed”
-Mahatma Gandhi

[okimangelo]

as what my friend would always say and i quote, " Mao nang dili gyud mo asenso ang ubang pilipino kay magsige lang ug reklamo.. "

Bitaw bro, have you heard of the "Law of Attraction" - kung sige lang ingon ang Filipinos na ang Pilipinas wala na jud pag-asa mag asenso mao jud na mahitabo kay mao man na ang ginapangyo sa majority sa Filipinos. Dapat unta positive thinker ang majority sa Filipinos.

[e_l_q]

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.

[baron]

It's a fact that the bulk of OFW remittances helped a lot in the appreciation of peso. Coupled with economic reforms, the peso continues to strengthen. As such, it is not solely the work of the OFWs that the peso is appreciating. However, the appreciating peso has adverse effects to those who are working abroad and those who are exporting since they will have lower revenues. The good side of it is that we are generally a country relying on importation. As such, it will be generally good for us to strengthen the peso.

[FK]

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.