is the economy of the philippines improving?
• Quezon City, Philippines
4 Feb 07
Although I believe that the peso getting stronger is a good indicator that economy is improving but that's to say that it is doing so since election time is coming. Government is doing something to really hide what is going on in our country by manipulating some in the economy to make things good looks. We can see if that will stay that way after the election. Peso improving is just one indicator there are still many factor that is unresolved in our country which hampers total development of our country.
25 Jan 07
The current strentgh of the exchange rate of our peso to dollar is temporary. A lot of OFW have sent their dollar remittance in december and i believe thats one reason why peso is strong against the dollar. Will just see in a couple of months if it holds. I still don't believe that our economy is improving, if you try and consider the continuing growth of poverty in our country i could say that we are still in the same mud hole we used to be.
24 Jan 07
there is a good side to it but it is hardly felt by the common people. the prices of basic commodities are still rising, the fares are high, the gasoline is high, education is high, unemployment is high (not enough investors still), poverty is high.. the current strenght of philippine peso over dollar is just a very small portion of the problem the government has to really address so we can really say our economy is improving.