Philippine Economy Talk

[Monseratto]

[uls]

why did vietnam, singapore, indonesia weather the dollar storm better than PH?

lahat sila may trade surplus

[Stigg ma]

why did vietnam, singapore, indonesia weather the dollar storm better than PH?

lahat sila may trade surplus

they had good covid response?

[uls]

they had good covid response?

so explain japan ang SK dun sa post above

[Stigg ma]

so explain japan ang SK dun sa post above

wala pa covid ay may financial crisis na ang japan, same with SK...

[uls]

ngayon financial crisis

sabi mo covid response

mas maganda pala covid response ng pinas kesa japan and sk kaya mas maliit depreciation ng peso kesa JPY and KRW

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kung may financial crisis ang Japan and SK pre-covid, paki elaborate anong crisis yun at anong epekto sa trade balance and currencies nila

[Monseratto]

[Monseratto]

Umaasa si Bobo Marcos sa OFW dollars?

At Home sa Abroad: How is the local economic crisis affecting OFWs?

Households relying on overseas remittances may at first welcome a devalued peso. But income gains are quickly lost as prices of food and other goods also soar. Parents and breadwinners also have to deal with the new normal in face-to-face classes, as they adjust to new expenses to keep their children fed and in school.

[uls]

PH needs export $$$, OFW $$$, BPO $$$, tourism $$$, informal sector $$$ (freelance work online)

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people keep making the argument walang kwenta ang $$$ padala ng OFWs kasi tumaas ang presyo ng bilihin so it cancels the benefit

ang dollar earner ba hindi nasa better position compared to peso earners?

ung pagtaas ng exchange rate absorbs the higher prices of goods and services

ung $100 = P5,000 dati, ngayon P5,800

that 800 pesos serves as a cushion to absorb higher prices

ang peso earner ung P5,000 = P5,000 parin

[dr. d]

Umaasa si Bobo Marcos sa OFW dollars?

At Home sa Abroad: How is the local economic crisis affecting OFWs?

the estimated 2021 filipino OFW remittance to the country is 31 billing dollars.
it may be small, but hey! i'm not gonna thumb it down.