PHL govt, firms prepay $3.57B in foreign debt

[silent-kill]

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Let's just be optimistic of our own country. Who would want the Philippines to go down if there are still people hungry for change? I guess the country has taken enough beating but now it's ready to stand on it's own. We are now much less dependent upon the U.S than we were before. This decade will be marked by a currency war and a trade war. The U.S has falling stocks and never stops printing money that kills the value of the Dollar. If the Peso will rise this year, it will be enough to counter high inflation brought about by higher growth.

The most important thing is that we are on much a better shape now than Europe and the rest of the West including America. Let's trust our government because they are doing their best.

sakto bro, be optimistic lang ta... there is no other way but UP! kai naa nata daan sa ubos
this is our country bisan onsa pana ka baho or hugaw this is our home! its our duty to make it better! go philippines !! ahahaha

[RMK711]

calma lang mo guys either way the US(corporations) cannot leave us just like that nor can they leave China or India its because we are so cheap, we are like a drug to them. they can't afford to do business in their own lands because of taxes and and operational cost that's why they are moving towards Asia lol

A lot of businesses are still based in the U.S. If you really analyzed it, only the least skilled and undesirable jobs are moving overseas. Here in the Philippines call center jobs are highly sought after and considered high-paying and high-skilled. But in the U.S. nobody with a college degree would want to end up in a call center.

The U.S. is a knowledge-based economy, and the people predicting its demise or its end as a superpower are engaging in wishful thinking. Other countries are growing, sure, but even China is a long, long ways off from the U.S. Chinese companies rarely ever innovate, all they do is copy, and they're not even that good at it compared to the Japanese. In the field of technology, the Americans are peerless, they are ahead in almost every sector you can think of.

It's fine to be optimistic, but be careful of baseless and unbridled optimism. I would rather be a realist and analyze at arms length the real economic potential of every possible investment. I don't believe a country can ever become rich if it has an awful justice system, unchecked corruption and incompetent leadership. We have all three in the Philippines. We can be optimistic, but first we must be realistic. The Peso has gone up and down throughout history but it has never beaten the USD for long. That is because the conditions that keep this country from progressing are entrenched and unchanging. New presidents come and go, but it's always the same assholes.

The most important thing is that we are on much a better shape now than Europe and the rest of the West including America. Let's trust our government because they are doing their best.

How can anyone seriously say that we are in a better shape than Europe or America? In what sense?

I trust myself, not this government or any other. I use my knowledge about finance to steer my investments. You are being way too optimistic, and I sincerely hope you aren't putting real money at risk. It's OK to be optimistic, so long as you're not actually investing your family savings based on your optimism. But if you are acting financially on your ideas, I'd be concerned. This government may be prepaying its debts, but it is taking on even larger amounts of debt to finance its unprecedented budget for next year. That is fiscal irresponsibility and will lead to enormous pressure building on the peso.

[aenigma143]

A lot of businesses are still based in the U.S. If you really analyzed it, only the least skilled and undesirable jobs are moving overseas. Here in the Philippines call center jobs are highly sought after and considered high-paying and high-skilled. But in the U.S. nobody with a college degree would want to end up in a call center.

The U.S. is a knowledge-based economy, and the people predicting its demise or its end as a superpower are engaging in wishful thinking. Other countries are growing, sure, but even China is a long, long ways off from the U.S. Chinese companies rarely ever innovate, all they do is copy, and they're not even that good at it compared to the Japanese. In the field of technology, the Americans are peerless, they are ahead in almost every sector you can think of.

It's fine to be optimistic, but be careful of baseless and unbridled optimism. I would rather be a realist and analyze at arms length the real economic potential of every possible investment. I don't believe a country can ever become rich if it has an awful justice system, unchecked corruption and incompetent leadership. We have all three in the Philippines. We can be optimistic, but first we must be realistic. The Peso has gone up and down throughout history but it has never beaten the USD for long. That is because the conditions that keep this country from progressing are entrenched and unchanging. New presidents come and go, but it's always the same assholes.


How can anyone seriously say that we are in a better shape than Europe or America? In what sense?

I trust myself, not this government or any other. I use my knowledge about finance to steer my investments. You are being way too optimistic, and I sincerely hope you aren't putting real money at risk. It's OK to be optimistic, so long as you're not actually investing your family savings based on your optimism. But if you are acting financially on your ideas, I'd be concerned. This government may be prepaying its debts, but it is taking on even larger amounts of debt to finance its unprecedented budget for next year. That is fiscal irresponsibility and will lead to enormous pressure building on the peso.

Uyon ko sa imong opinion bai... Boot huna huna murag dugay pata kaapas sa US kung ang nagpalakad pareha ra gihapon puro mga corrupt.

[silent-kill]

A lot of businesses are still based in the U.S. If you really analyzed it, only the least skilled and undesirable jobs are moving overseas. Here in the Philippines call center jobs are highly sought after and considered high-paying and high-skilled. But in the U.S. nobody with a college degree would want to end up in a call center.

The U.S. is a knowledge-based economy, and the people predicting its demise or its end as a superpower are engaging in wishful thinking. Other countries are growing, sure, but even China is a long, long ways off from the U.S. Chinese companies rarely ever innovate, all they do is copy, and they're not even that good at it compared to the Japanese. In the field of technology, the Americans are peerless, they are ahead in almost every sector you can think of.

It's fine to be optimistic, but be careful of baseless and unbridled optimism. I would rather be a realist and analyze at arms length the real economic potential of every possible investment. I don't believe a country can ever become rich if it has an awful justice system, unchecked corruption and incompetent leadership. We have all three in the Philippines. We can be optimistic, but first we must be realistic. The Peso has gone up and down throughout history but it has never beaten the USD for long. That is because the conditions that keep this country from progressing are entrenched and unchanging. New presidents come and go, but it's always the same assholes.


How can anyone seriously say that we are in a better shape than Europe or America? In what sense?

I trust myself, not this government or any other. I use my knowledge about finance to steer my investments. You are being way too optimistic, and I sincerely hope you aren't putting real money at risk. It's OK to be optimistic, so long as you're not actually investing your family savings based on your optimism. But if you are acting financially on your ideas, I'd be concerned. This government may be prepaying its debts, but it is taking on even larger amounts of debt to finance its unprecedented budget for next year. That is fiscal irresponsibility and will lead to enormous pressure building on the peso.

you're right bro nobody likes call center jobs in the US, but who cares at least they are giving us the jobs cause we need it. it will help a lot of people, its already a given that we are a 3rd world nation one way or another it will still help us.

if you compare the salary range before it usually ranges from 6k - 12k but now you can see companies are offering way way more to entice people to work for them doesn't that help the people? doesnt it help the economy? the important thing here is that we are generating jobs, we are circulating currency. if the americans, dont what that job? no problem give it to the Filipinos haahhaa.

one way or another we are going forward

[silent-kill]

Uyon ko sa imong opinion bai... Boot huna huna murag dugay pata kaapas sa US kung ang nagpalakad pareha ra gihapon puro mga corrupt.

sakto ka bai layo pa kaau ta sa US pro ayaw ana imong mindset kai ma discourage ka og dali. ang ato lang is ma lo-ag lo-ag gamay atong kahimtang kai lisod kaau ang kinabuhi ahahhaah

but we can do it, kong tagsa tagsaon nato og trabaho ang problema

[wikki]

@silent-kill - honestly there is no hope for this country if its run by Filipinos, this is fact. And the worst thing is the situation is getting uglier every year. We are not going forward, our people are mere low end salary slaves while our politicians pockets are growing fatter from so called taxes.

[miyay]

This government may be prepaying its debts, but it is taking on even larger amounts of debt to finance its unprecedented budget for next year. That is fiscal irresponsibility and will lead to enormous pressure building on the peso.

true, unfortunately. let's just hope that the money generated from additional debt would be put to better use..

[windshock]

wish ko lang

[silent-kill]

@silent-kill - honestly there is no hope for this country if its run by Filipinos, this is fact. And the worst thing is the situation is getting uglier every year. We are not going forward, our people are mere low end salary slaves while our politicians pockets are growing fatter from so called taxes.

you're right bro, no hope for the Philippines if all Filipinos thinks like you.

all job holders around the world are "slaves" if you put in into perspective.

But I know lots of OFW who still want to live in PH if they have a choice, so there must be something about the Philippines that is still worth fighting for

3 types of people in the Philippines

1. people who whines, but do nothing
2. people who think about the problem, but do nothing
3. people who think about the problem and actually do something

go Philippines! hahaa.

[RMK711]

If you are being paid a salary, you're not a slave. I really hate the abuse of misusing words. Workers aren't slaves because they can quit and work for someone else. Better yet if being a businessman is so great and so easy, I can't imagine why these workers who think they are slaves, don't establish their own businesses.

People are being paid low wages because our laws are anti-business and our government provides no help or support whatsoever to businessmen. As a result, there are very few businesses in a very limited number of industries and the Philippines has a one-dimensional non-diversified economy dominated by conglomerates. It's bad enough that the government doesn't support businessmen at all, but even worse they even actively harass or hinder businessmen (Customs, BIR, etc). Philippines is not ready for democracy because people keep voting pro-labor and leftist monkeys into office.