The Philippines Future: Good or Bad?

[BaDBoY]

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@estebanJOBS
MAY TAMA KA!!!

[jerx d great]

we can improve but can't be rich!! that's my opinion!!

this country is very dependent to those rich countries like japan and u.s!!!! wether u like it or not this country is always be a tail to japan and u.s!!!!

[BaDBoY]

tinuod nga wala gyuy nadatu sa panrabaho, gawas niadtong mga tawo nga kahibalo mo hokos-pokos ug mga magikero... pero bisan pa man dili lang gihapon mag dugay ang ilang ka datu kay ang kwartang pinaspasan mahanaw ra dayon sa dili pa nila mamatngunan... balik lang gihapon ug kaon jabas...

be an enterpreneur if you have the guts and the will to be your own boss... but of course you need a lot of personal sacrifices and dedication to be able to succeed...

[grabehbebe]

BSP sees double-digit export growth

The Bangko Sentral ng Pilipinas (BSP) is predicting a double-digit growth in exports next year as exporters have adjusted to the peso’s rise.

In his presentation before an exporters’ forum, BSP Deputy Governor Diwa Guinigundo said based on the multi-agency Development Budget Coordination Committee’s projection, exports are seen to grow by 11 percent in 2007 from eight percent in 2006 and 3.9 percent in 2005.

"Statistically, the export level for the past years had been very low. We expect the exporters will be able to adjust to the new exchange rate," he said.

Guinigundo said the electronics sector, which accounts for 60 percent of total exports, is seen to grow by 10 percent in 2007 from eight percent in 2006.

Exports of garments and textiles will likely grow at five percent; machinery and electronic equipments, 16 percent; furniture, 5.1 percent; and food, 10 percent.

Coconut product exports is seen to grow by 1.2 percent in 2006 and two percent in 2007 while mineral product exports is projected to grow 37.9 percent in 2006 and 42 percent in 2007.

In his presentation, Guinigundo also discussed the impact of the peso’s appreciation on various sectors, including exports.

He admitted that with the strengthening of the peso, Philippine exporters find themselves less competitive in the global market place as exports become more expensive in dollar terms.

During the forum, exporters raised their concerns on the continued peso appreciation and its impact on their businesses. This year, the BSP is projecting the peso to hover between 51 to 53 to the dollar.

For its part, the BSP said the peso will remain market driven and its appreciation is not only the determinant of exporters’ cost.

BSP Governor Amando Tetangco Jr. said earlier the BSP is more prudent in its monetary policy, as the Monetary Board, the BSP’s policy-making body, has adjusted policy rates by 75 basis points compared to the US Fed’s adjustment of 300 basis points.

Tetangco said the rise of the local currency would also help in moderating the country’s inflation.

"An appreciation of the peso can reduce power cost, which will be higher if the peso is weaker. The impact is in inflation, as an appreciation of the peso helps moderate inflation," Tetangco said.

Aside from the exchange rate, export products are seen to be more expensive compared with the other products in the region by about 10 percent to 15 percent due to higher cost of business, particularly wages and power cost.

The country’s main export competitors include China, Indonesia, Vietnam, and Thailand

By Donnabelle L. Gatdula
The Philippine Star 04/20/2006
http://www.philstar.com/philstar/NEWS200604200704.htm

[t3ChNo™]

let's work for the best

[jamire]

mao jd.. lets pray for dat. hay...basta money matters gani. mu turn jud ang mind sa mga tawo noh?

[bcasabee]

Good uy...........moabot jud ang panahon nga ang mga bag-ong tubo mga bright ug mas kogihapon pas mga karaan ug current nga generation..........

[gorio!]

id say its gud, alot of job oppurtunities have been crreated for filipinos, unemployment has been a constant factor that has downslided our country, alot of new graduates right now has bigger and more opportunities to work and earn money for themselves, although the conception of working aborad has always been common to these new grads, but nevertheless ofws contribute to the total uplfitment of our economy

[BaDBoY]

@gorio!
may tama ka!!!

[getitright3]

Don't be so pessismistic, we have plenty to be glad about right now!! There's been so many positives for us to start feeling really optimistic about our country! There's been a marked improvement in our economy, and soon, there will be a fundementally important transformation in our polity, and from there, everything will follow, and don't forget that GMA and our government are doing everything they can about our problems, and it would be great if we could all just be supportive and encouraging, negativity will only serve to hinder us.