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  1. Join Date
    May 2006
    Posts
    556
    #21
    Quote Originally Posted by M54 Powered View Post
    just to clarify, the petition does not propose that the govt fix or peg the exchange rate. what they are asking is for a special exchange rate just for OFW's.

    everyone in the world can buy P45 for one dollar (or whatever the x-rate is now)...but OFW's, through the grace of the Philippine government, should be able to buy P50 for the same one dollar.

    now, can anyone say what's wrong with this picture? :hihihi:

    True. My reply was...if we try to fixed the exchange rate across the board. OFW or not....just like China and Malaysia.

  2. Join Date
    Feb 2007
    Posts
    160
    #22
    [SIZE=2]Hindi ako nagpapakabayani. Mababaw lang naman ang aking kaligayan Sapat na sapat na ang aking kinikita sa ngayon kahit na umabot pa ang palitan nang dolyar sa 25 pesos kada dolyar. [/SIZE]
    [SIZE=2]Na post ko lang naman ito na ang layon ko'y mabigyan nang boses ang OFW at baka sakaling makatulong sa mga kababayan nating OFWs na kakaunti lang ang kinikita na karamihan ay mga laborer at DH. Alam ko rin naman na pag aaralan nila itong panukala. Kung sakali mang matugunan ang panukalang ito nang ating gobyerno hindi lang naman yung sumangayon sa petition letter na ito ang makikinabang, higit lalo ang mayorya ng mga ofw na kumikita lamang ng mababa sa $500 kada buwanang sahod kapalit nito ang lungkot sa pagkawalay sa kanilang mahal sa buhay, kaakibat pa nito ang pag maltrato sa ating mga kababaihan at ang malaking diskriminasyon sa mga filipino.[/SIZE]
    [SIZE=2]Lahat naman tayong Filipino kahit na anong stado ay dapat may prebilehiyo. Bilang OFW na nakakatulong sa pag angat nang ating economia dapat magkaroon tayo nang prebilehiyo tulad nito. [/SIZE]
    [SIZE=2]Sa aking pananaw at kaya ako nakiisa sa adhikain ito upang maiparating sa ating gobyerno upang mapag aralan kung ano ang nararapat Kahit naman saan usapin patungkol sa paggawa nang bagong batas ay may loopholes, kaya nga mayroon tayong mambabatas para pag aralan at salain ang tamang hakbang sa paglikha nito. [/SIZE]
    [SIZE=2]Nasaan ang "sakrispisyo" kung ayaw mong tumulong sa kapwa mo manggagawa?[/SIZE]
    [SIZE=2]Paano uunlad ang ating bansa kung sa iyong kasamahan kapuso at kapamilya sa paggawa ay hindi ka makipagkapit bisig [/SIZE]

    [SIZE=2]M54..Salamat kaibigan at naintindihan mo ang layunin nang petition na ito.Marahil ay sang ayon ka rin na karamihan sa mga ofw ay galing sa mga kanayunan at malayung lugar at talaga naman walang pagkukunan![/SIZE]

  3. Join Date
    Oct 2002
    Posts
    21,244
    #23
    Kung mangyari man ito, dapat din bigyan ng mataas na exchange rate mga exporters dahil nakakatulong din naman sila sa economy at USD rin ang kinikita nila. At baka humirit din mga importers na dapat mas mababa naman ang kanilang exchange rates para mas mura ang maangkat na mga imported raw materials para mura din nilang maipapasa sa mamamayang Pilipino ang finished products.

  4. Join Date
    Oct 2004
    Posts
    206
    #24
    Well im just a new OFW dito sa saudi. Just would like to comment. Ok din sana na may fixed exchange rate kasi nga the effect on the monthly remittance is significant. Kaso as discussed medyo ang hirap ma implement ito pero sana nga magkaroon ng mga revisions dun proposal para win win lahat. On the other hand maganda rin na nagiging strong ang peso para sa ating bayan. Oks lang sa akin yun KUNG sumusunod din ang cost of living sa atin. Bumaba man value ng pera ko I still could afford what I used to have nung mataas yung value. Pero hindi ganun ang case eh, sabi nga hindi nararamdaman ng karamihan yung strong peso

    Yung sa pagiging bayani well tama sabi ni jiggs , bayani ako ng pamilya ko. Abay bakit ako magpapakalayo kung pareho na lang kikitain ko sa pinas

    well jaz my thought...

  5. Join Date
    Feb 2007
    Posts
    160
    #25
    [SIZE=2]Hindi man maganda ang sinasaad nang balitang ito..Akoy natutuwa at naiparating sa kinauukulan ang hinaing nang OFW at akoy naniniwala na kanilang pagaaralan kung ano ang nararapat.[/SIZE]


    [SIZE=4]Kabayan not in favor of fixed forex rate for OFWs[/SIZE]

    08/09/2007 | 08:07 PM

    Pegging the peso-dollar rate at P50:$1 for overseas Filipino workers (OFWs) won’t be easy to implement, according to Vice President Noli De Castro, concurrently the presidential adviser on OFWs.

    Instead of having a special foreign exchange rate for OFWs, a section of society who bear the brunt of a strong peso, De Castro suggested that concerned government agencies take a look at other options to help OFWs and their families mitigate the impact of the peso appreciation.

    A group of OFWs based in Jeddah, Saudi Arabia has initiated an online petition for overseas Filipinos asking President Gloria Macapagal Arroyo to fix the peso-dollar rate at 10 percent premium above the market rate or peg it at P50:$1.

    “Mukhang mahihirapan tayo d’yan. Nagtanong na kasi ako sa mga concerned agencies tungkol d’yan at ang sabi nila mahirap ‘yan kasi exchange rate ‘yan, hindi kontrolado ng gobyerno," de Castro said in a phone interview with GMANews.TV.

    “Kasi ang proposal yata is to fix the exchange rate at P50: $1. ‘Yung balance papaano? Subsidize ng government? Magkano ‘yon (subsidy), they should tell us," the Vice President said.

    De Castro said he thought of asking the Bangko Sentral ng Pilipinas (BSP) to reduce bank charges on remittances from Filipinos abroad.

    “However, I was informed that it is not necessary because of the stiff competition on the dollar remittance services, a lot of these establishments are already offering much lower rates," he explained.

    “Pero ang sabi ko nga pag-aralan pa rin kung ano pa ang pwedeng magagawa natin para matulungan ang mga kababayan nating OFWs dahil sa paglakas ng piso," he said.

    Because of the strong peso, the purchasing power of OFWs and their relatives dependent on remittances from abroad depreciates.

    The beneficiaries of an OFW sending $100 when the exchange rate was at P56 were receiving P5,600. The amount the same family receives now is just a little more than P4,500 because the peso has appreciated against the dollar to below P46.

    On Wednesday, Malacañang indicated an open mind about the petition of OFWs for a ‘special’ forex rate.

    “We will ask our economic team to look into it," said Executive Secretary Eduardo Ermita in a news briefing at the Palace.

    “Let us find out from the economic team, especially the BSP (Bangko Sentral ng Pilipinas) and the DoF (Department of Finance), but I have no specific reaction coming from our authorities as to how this will affect the economy because that’s one sector, the OFWs, are asking for," Ermita told newsmen.

    “We don’t know how it would affect our fiscal program. Now, remember we are also looking at our overall program, among them being the balancing of our deficit and, to be able to do that, we should have good tax collections and we don’t know the effect of having such a proposal approved," said Ermita, a former military officer.

    “All we know is that the improvement of the peso against the dollar is a positive improvement as far as our economic factors are concerned," he said.

    Turning down the idea of a “special" forex rate, BSP Governor Amado M. Tetangco Jr. has reiterated the government’s policy of allowing the market to determine the currency exchange rate. - Fidel Jimenez, GMANews.TV

  6. Join Date
    Oct 2002
    Posts
    10,820
    #26
    kasi naman hilig nyo mangarap ng mali e. di talaga pwede yan. sabihin mo nga kasi kung saan kukunin ng gobyerno ang pera para pang-subsidize sa special exchange rate na yan? o, saan pa kundi sa tax collections. ibig mo ba sabihin e tayong mga ofw pa ang i-subsidize ng mga pinoy na nagbabayad ng tax? ang labo naman yata nyan. kung yan din lang ang panukala nyo e mas mabuti pang sabihin nyo na lang na mamalimos na lang tayo. yun din yan e, manghihingi. at ang mas masama pa nyan e kung sino pa yung kumikita ng dolyar e siya pa ang namamalimos sa mga kumikita ng peso. nakakahiya yata. hindi, mas mababa pa sa nakakahiya. garapal!

    sabi ng mga matatanda, pag ang kumot ay maikli matuto kang bumaluktot. bakit kasi nakalimutan nyo na ang mag-tipid! nuong wala pa kayo sa abroad nagkakasya ang kaunting kita sa pilipinas. ngayong kumita na ng mas malaki lalo pang nagkukulang. disiplinahan nyo sarili nyo nang hindi kayo ganyan na kahiya-hiyang namamalimos at nagpipilit na nanghihingi. imbes na mangarap kayo nyang special exchange rate na yan gawin nyo na lang ang nararapat. isa lang ang sagot dyan sa problemang yan.

    [SIZE="7"]MAGTIPID KA![/SIZE]

  7. Join Date
    Feb 2003
    Posts
    1,038
    #27
    Guys, nde naman sa wla kong sympathy senyo...pero am just looking ika nga sa BIG PICTURE....Sa ngayon nde nga natin nararamdaman ung perceived economic improvement natin and ang direct affected are YOU guys earning $$$. But this is just minor kumpara kung ang $ will plummet to the higher value compare to pesos...remember guys kung gaganda nga (we fervently hope) ang economies natin...*the end of the day...everbody WINS..win win situation ika nga. Kase nd po habangbuhay eh magiging OFW ang pinoy...babalik at babalik ka rin sa Pinas..so kung gaganda ang economy lahat masaya di ba?

  8. Join Date
    May 2006
    Posts
    1,668
    #28
    So again...what's so special about OFWs?
    We, who work here also contributes a 32% tax + 12% vat on all our purchases.
    Thats a lot already from our measly sweldo. Even if the dollor depreciates against peso, fuel still increased (P41.++) now, food still is expensive, essentials are still expensive.

    Lahat naman tayo Bayani. Kasi tinutulungan natin lumaki ang wallet ng mga corrupt politicians. :D

  9. Join Date
    Feb 2007
    Posts
    160
    #29
    [SIZE=2]Kasamang Yebo ang puso mo! Nag iisa lang yan imbis na makatipid ka baka mapalaki pa ang gastos mo nyan?
    Imbis na makatipid ang OWWA mapapagastos pa! Imbis na sa maliliit na manggagawa mapunta sa u pa na may kaya!
    Marahil nakaka angat ka na ngayon kaya nakakalimot ka sa mga maliliit na kapwa mo manggagawa.
    Peace kaibigan.
    [/SIZE]

  10. Join Date
    Aug 2006
    Posts
    636
    #30
    let's face it, the OFWs have become a labor sector to reckon with. kita ninyo naman, still ongoing pa ang signature gathering, me reaction na ang administration.

    the OFWs are like any other sector of the Philippine society who can ask for assistance from the govt. just like the following groups:

    1. the transportation sector who asks for fare hike increases everytime there is an increase of fuel and spare parts costs.

    2. the local employment sector who asks for wage increases due to rising cost of living.

    - - - - - - - - - -

    now for the petition itself - will it be approved? from the initial reaction of the administration, i doubt it. so, the efforts of the petitioners/signers went down the drain? nah. the OFWs have spoken and the administration has LISTENED and PROMISED to look into it. i believe this is the most important outcome of this endeavor.

    - - - - - - - - - -

    on the side note, not all OFWs earn decently. out of 8 million, i guess more than 70% to 80% earn below 500 dollars. they are the ones being adversely affected by the rising peso. losing 5,000 pesos a month is not a big joke, considering that this money partially pays for the house rent, power, water, food, utilities, school, etc.

    the OFW families are subject to 12% VAT everytime they buy goods, so technically they are also being taxed. so for them, every centavo counts.

    so is there a light at the end of the tunnel? i don't know. it all depends on what the think tanks of the administration will recommend to their bosses.

    - - - - - - - - - - -

    for me, rather than having a special exchange rate, give the families of those OFWs (earning 500 dollars and below) 20% special discount for goods and services, just like what they are giving now to senior citizens.

    as for the procedure and technicalities, i leave that to the powers-that-be.

    - - - - - - - - - -

    my 1 cent worth of idea...(dati 2 cents kaya lang nag depreciate na eh...by the way, OFW rin po ako.)
    Last edited by lolo pepe; August 10th, 2007 at 02:57 AM.

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Petition for special exchange rate for OFWs