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  1. baludoy's Avatar
    baludoy
    baludoy is offline nag-memeron
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    October 19th, 2007 08:44 PM #1
    Quote Originally Posted by Monseratto View Post
    I hope the effect won't hit our economy hard. Even if the peso's value drops, it would be even seen as good for the economy. The goverment has been trying to slow the rise of the peso. If they pin the blame on the Abus, the effect won't be that long. Remember the bus bombings in Makati?
    a slight devaluation of the peso is the least of our worries. it's capital flight that scares me. a whole lot of people will lose a whole lot of money if and when this happens again. not to mention the fact that investor's confidence will take years to be restored again if this was really a terrorist bombing
    Last edited by baludoy; October 19th, 2007 at 08:48 PM.
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  2. chua_riwap's Avatar
    chua_riwap
    chua_riwap is offline Tsikot Member Rank 5
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    October 19th, 2007 10:58 PM #2
    Quote Originally Posted by baludoy View Post
    a slight devaluation of the peso is the least of our worries. it's capital flight that scares me. a whole lot of people will lose a whole lot of money if and when this happens again. not to mention the fact that investor's confidence will take years to be restored again if this was really a terrorist bombing

    Knee jerk reaction on the G2 bombing. Peso closed at P44.20 against the US$. 15c up to previous P44.05.
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