each time i’ll send the money, nakapanlulumo… it’s okey kung maliit ang palit as long malaman ko bumababa ang bilihin ng BASIC COMMODITIES!!

i HOPE PROF ELEYN, U CAN EXPLAIN TO US, KUNG ANG PISO AY LUMALAKAS 4O php RIGHT NOW, BAKIT DI TUMATAAS ANG SWELDO AT TUMATAAS ANG BILIHIN!!

CAN NOT THE GOVERNMENT DO SOMETHING TO RAISE THE SALARY AND LOWER THE BASIC COMMODITIES KUNG MALAKAS ANG PISO.

WHEN WILL BE THE TURN OVER NA, MARARAMDAMAN NG MGA PILIPINO AND LAKAS NG PISO NATIN in the sense di mahirapan ang mga pilipino sa pamasahe at pagkain araw araw. nalula ako dahil ganun ng kamahal ang mga bilihin. i’m reallly shocked!! and i’m dead serious. i wish i can run as a political person so i can run and do something regarding our economy.

IT’S MY FIRST TIME TO OPEN A COMMENT!! I’M REALLY BOTHERED W/ OUR ECONOMY.

MAY ALL FILIPINO PRAY THAT A GOOD LEADER WOULD LIFT US UP FROM THIS BURDEN and all of us be united to take care of our homeland and people.

I DEBATED W/ MY COUSIN, SHE SAID HERE FROM TEXAS, MAHIRAP TALAGA ANG PILIPINAS. MEANING MAHIRAP OR POOR TAYO AS COMPARED TO OTHER COUNTRY and there is no hope that we can recover.

I TOLD HER, I DON’T BELIEVE THAT OUR COUNTRY IS POOR.

OUR COUNTRY IS BLESSED. ALL COUNTRY HAS BEEN BLESSED FAIRLY BY GOD. BUT IT’S UP TO US ON HOW WE TAKE CARE OF ALL THE RESOURCES GIVEN TO US.

HOPE I’M TALKING TO SOMEBODY AND BE GIVEN A VOICE.

I WISH I CAN DO SOMETHING TO HELP OUR COUNTRY.

I’M LEAVING HERE IN LAS VEGAS!!

HOPE TO HEAR FROM YOU! THANKS FOR YOUR ARTICLE!!

How could you say “he he he” eh ang naughty naughty ng mga skulmeyts ko o ***turo kina bea and JC

Prof!!

Pls do something! Naglagay ba sila seo?? magkano?? **corrupt pupil looking at corrupt to- be- Prof!

***umiyak!!

Profffff!! me babolgam dto sa sa teybol!!! nadikitan ako!!

looks like it will be another blog article, am glad you asked, because there’s a lot of factors in computing Gross Domestic Product, eg. consumption, investment, govt spending, exports, imports etc.

but it’s not only GDP, it’s also per capita. e.g., and i’ll try to discuss it next time, kakalkalin ko muna notes ko sa biz school, he he he, magaling yong prof ko, stones sya nang stones (ang tawag nya sa currency are stones)

until next ish na lang anak!

ok ang presentation ng Economics 101…pansin ko dolyar lang ang laging bumababa samantalang ang euro at sterling nasa taas pa rin.

Ang pag lakas ng peso eh hindi namn sya ang batayan ng pag ganda ng ating ekonomiya, tama ba ako Prof?

Ang pag ganda ng ating ekonomiya ay batay pa rin sa tinatawag na “GROSS DOMESTIC PRODUCT”…

paki explain nga po Prof Reynz sa layman’s term tulad ko hinggil d2?

Mejo kinalawang ang aking turnilyo sa pag babalik pananaw sa materyang economics noon…

salamat po!

i hope you won’t mind if i correct you. ok?

She’s got no economic managers. He He He! and she’s no economist either.

Thank you.

Magaling ka pala sa economics bluep! And I think you hit the mark as far as EARNINGS are concerned. Nag-increase ba ang EARNINGS or SAHOD nang mga Pinoy with the rise in Peso? I mean, it’s bad enough that our Meralco rates are the highest in the region, are gas prices are global prices – meaning, kung magkano ang binabayad namin sa gas here in the US is the same sa binabayad ninyo, but your personal income is not the same as ours. So, yeap – matinding hirap!

You are right again on OFW earnings. If we send money back home tapos ang palit eh pababa nang pababa, why do we still have to work outside of Flippines? Eh di umuwi na lang. But then again, is there a job waiting for us? Nada.

The rise in peso is actually a GOOD thing. But it also spells BAD thing. Depende sa sector na tinatamaan. Now, if we can only weigh kung sino ang majority na tinatamaan nang disadvantages nang pag-taas nang peso, then we could say that this would be a dangerous development.

We may not know it now kung sino talaga ang tinatamaan majority-wise, but think about this – am I right in saying that only about 20% of the population eh mga nakaka-angat? (Can somebody correct me? although I am sure it’s not 80%!!!) So, who takes the hit? Alam na natin yon di ba?

The other point dun sa blog article ko is that, I really believe that the strong peso is dependent on OFW remittances and not on solid economic ground of production and manufacturing. So, eto na nga yong fear ko, if peso continues to appreciate – there will be less OFW – less OFW? less money sent to Flippines. Get the cycle?

But going back to my point: rising peso is not all that bad. Here are the advantage and disadvantage of a rising and/or weak peso:

Strong Peso
Advantages

-Pinoy consumers should see lower prices on foreign goods and services.
-When you have lower prices on foreign goods and services, inflation tend to be low
-Pinoy consumers benefits because they are able to travel to foreign countries.
-Pinoy investors can now invest abroad by buying foreign stocks and bonds at “lower” prices.

Disadvantages
-Pinoy companies especially those export oriented firms and those companies with foreign content will find it difficult to compete with foreign markets.
-Pinoy companies must compete with lower priced foreign goods.
-Foreign tourists will now find it more expensive to visit the Philippines
-It will be more difficult for foreign investors to provide capital to the Philippines given our propensity to borrow from any institution in the world with this word attached to their name – “Bank”.

Weak Peso
Advantages
-Pinoy companies will find it easier to sell goods abroad and export.
-Pinoy companies will find less competitive pressure to keep prices low.
-More foreign tourists can afford to visit the Philippines
-Our stock exchanges will become more attractive to foreign investors.

Disadvantages
-Pinoy consumers face higher prices on foreign goods and services.
-Because of higher prices, foreign products equals high cost-of-living.
-Pinoys will find traveling abroad more expensive
-It will be hard for Philippine companies and investors to expand into foreign markets.

BTW, isn’t it bad professor that we are having this rise of our currency, I mean tingnan mo: yes, mataas ang peso pero may bumababa ba ang presyo ng bilihin dito sa pinas ? tumataas ba ang sahod? hindi.

Kung ako ay isang OFW tapos nagpapadala ako sa family ko, pero 45 pesos lang ang palitan, pero di naman nababawasan ang gastos sa bilihin, ibig sabihin ako ang nalulugi dahil yung perang kinikita ko ay nababawasan (ng valor) dito sa pinas? so might as well go back here and work kesa magpagod sa ibang bansa na maliit naman ang pera ko pagdating sa pinas.

My point exactly is, if the peso would not stop from rising, and the commodities are frozen in its usual high, di kaya OFWs will get back to our country? no ofws means no dollar. no dollar means high inflation rate. Viscious cyle ika nga.

This is a dangerous development reynz. I can only see downfall of the economy if madam gloria would not pay attention on the prices here in our country. Kuryente, gasul, telepono, internet, gasolina, pagkain, bigas, damit.. lahat na mataas.. sya na lang ang hindi tumataas.