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  1. Join Date
    Jun 2006
    Posts
    6,105
    #31
    Medyo mataas nga bilihin sa Saudi (sa Khobar and Dammam) ako napunta. Sa Fahd Supplies, 18-21/5kg ang jasmine rice. Ang melon 20SR ang apat. Ang beef, 18SR ata per kilo. sa Tamimi mura din pero pinakamura kong na-shopping-an sa Carriefour.

    Nung una ko ngang dating, sabi ko parang ang mahal ata ng bilihin, halos kapantay na sa Philippines. Mura lang mga electronics and appliances (and siempre mga sasakyan).

    Miss ko na ang Kabsa ng Raka tsaka yung roasted lamb sa Khobar !

  2. Join Date
    Oct 2002
    Posts
    21,244
    #32
    Sa laki ng inappreciate ng PhP, bakit hindi bumababa ang mga CBU cars?

  3. Join Date
    Oct 2004
    Posts
    206
    #33
    Quote Originally Posted by Horsepower View Post
    Medyo mataas nga bilihin sa Saudi (sa Khobar and Dammam) ako napunta. Sa Fahd Supplies, 18-21/5kg ang jasmine rice. Ang melon 20SR ang apat. Ang beef, 18SR ata per kilo. sa Tamimi mura din pero pinakamura kong na-shopping-an sa Carriefour.

    Nung una ko ngang dating, sabi ko parang ang mahal ata ng bilihin, halos kapantay na sa Philippines. Mura lang mga electronics and appliances (and siempre mga sasakyan). Miss ko na ang Kabsa ng Raka tsaka yung roasted lamb sa Khobar !
    Yup carriefour nga medyo mura, kaso di ko masyado dinadayo yun, mostly sa panda ako namimili, sa jeddah pala ako. Well electronics na lang talaga mura dito, sana mag mura pa bravia sa U series 32" next year para makakuha na hehe at ma build na ang aking dream HT set up . Well sana nga lang makapaguwi ng sasakyan from here no, parang binebenta lang sa palengke (sa haraj) eh. medyo OT seen a blue Lambo murcielago lately astig bro, well its my first time to actually lay my eyes onto one, as in real life hehe

  4. Join Date
    Jun 2006
    Posts
    6,105
    #34
    haha, sa Khobar, EVERYDAY ka makakakita ng Lambo, Ferrari, Porsche, sobrang ordinary lang ang 7-series at 5-series pati mga SLR. May ilan-ilan akong nakikitang Bugatti.

    check mo muna magkano U-series sa Philippines, alam ko 50k lang with Sony HTIB na. Pero siempre mas maganda mag Harman Kardon + Acoustic energy AElite speakers ka.
    Mahirap kasi warranty e.

  5. Join Date
    Dec 2005
    Posts
    617
    #35
    as we see the Philippine peso appreciate vs US dollar or should i say the US dollar depreciate vs most other currencies (actually, its a combination of both), wag po sana masyado mag-expect na bumaba agad ang bilihin.

    dahil hindi naman 100% component ng mga binibili natin ang foreign exchange factor. among other factors and of greater if not equal value is the labor component that is part & parcel of the cost of probably all products that we buy. (not to mention that world oil price is at an all time high and its effect of product prices as well)

    product pricing is socially sensitive because of so many factors that come into play, especially when you're about to factor in the profit margin.

    also, the apparent peso appreciation seems healthy for the Philippine economy as a whole, because we can pay-off more of our foreign obligations and import more goods with the same volume of pesos usually spent although it also disturbs the other part of the equation because the value of our exports and OFW remittances diminished. for the govt, its like putting/getting money from/to one pocket to/from another, because the govt taxes both incoming and outgoing products/inflows so in turn, the act of balancing money that we end-up having vs what we need vs what we spend is sort of a perennial yet delicate juggling act.

    it really is hard to say if the current trend is sustainable and although a lot of players in the market are bullish which explains the current huge chunk of hot money inflows, that should not give us a false sense of security.

    and when that happens, madaming napapaso sa investment kasi hinihintay nung iba yung obvious signs that the tail-end of the band wagon is coming, when most often, by the time they plan to cash-in ay nalagpasan na sila at ayun palugi na ang nangyari.

    obviously, with all the factors considered, the peso seems to be on a kind of bull run pero mahirap makipagsapalaran, as others here are contemplating, moreso if you are risk averse..

    just my :twocents: and i dont even know if i made sense at all
    kaya mga kapatid, hinay-hinay lang po.. at pasensya na rin kung :offtopic:

  6. Join Date
    Mar 2007
    Posts
    335
    #36
    [quote=Horsepower;946071]haha, sa Khobar, EVERYDAY ka makakakita ng Lambo, Ferrari, Porsche, sobrang ordinary lang ang 7-series at 5-series pati mga SLR. May ilan-ilan akong nakikitang Bugatti.

    that's petrodollars! saudi arabia produces about 9-10 mbpd oil which amounts to 900 million dollar per day that's huge money, but their king is worried that if saudis will not be wise someday they will be going back to camel, donkey and sheep...

  7. Join Date
    Oct 2004
    Posts
    206
    #37
    Quote Originally Posted by slamtaz View Post
    as we see the Philippine peso appreciate vs US dollar or should i say the US dollar depreciate vs most other currencies (actually, its a combination of both), wag po sana masyado mag-expect na bumaba agad ang bilihin.

    dahil hindi naman 100% component ng mga binibili natin ang foreign exchange factor. among other factors and of greater if not equal value is the labor component that is part & parcel of the cost of probably all products that we buy. (not to mention that world oil price is at an all time high and its effect of product prices as well)

    product pricing is socially sensitive because of so many factors that come into play, especially when you're about to factor in the profit margin.

    also, the apparent peso appreciation seems healthy for the Philippine economy as a whole, because we can pay-off more of our foreign obligations and import more goods with the same volume of pesos usually spent although it also disturbs the other part of the equation because the value of our exports and OFW remittances diminished. for the govt, its like putting/getting money from/to one pocket to/from another, because the govt taxes both incoming and outgoing products/inflows so in turn, the act of balancing money that we end-up having vs what we need vs what we spend is sort of a perennial yet delicate juggling act.

    it really is hard to say if the current trend is sustainable and although a lot of players in the market are bullish which explains the current huge chunk of hot money inflows, that should not give us a false sense of security.

    and when that happens, madaming napapaso sa investment kasi hinihintay nung iba yung obvious signs that the tail-end of the band wagon is coming, when most often, by the time they plan to cash-in ay nalagpasan na sila at ayun palugi na ang nangyari.

    obviously, with all the factors considered, the peso seems to be on a kind of bull run pero mahirap makipagsapalaran, as others here are contemplating, moreso if you are risk averse..

    just my :twocents: and i dont even know if i made sense at all
    kaya mga kapatid, hinay-hinay lang po.. at pasensya na rin kung :offtopic:

    well sir your thoughts does make sense. Kailangan talaga is more in depth thinking
    or analysis ng present situation. Kaso lahat ata or most of our financial models are geared towards the peso depreciating not the other way around. At tama ka rin na pag nag unload ng investments or bumili na uli ng dollar dahil sa renewed strenght factored in by high oil prices (which I think is irreversible na, ika ko nga dun sa earlier reply ko) tapos nag lessen pa yung remittances if for some reason lang ha. Di natin alam kung san tayo pupulutin lahat. Nakakatakot... sa kangkungan tayong lahat neto.

  8. Join Date
    Oct 2004
    Posts
    206
    #38
    (The dead might be turning in their graves to reinforce the persisting remonstration by overseas Filipino workers. Finding appropriate meaning in the observance of All Souls’ Day and All Saints’ Day, messages that landed in blogs, e-mails and cell phones are all about the common call for OFWs not to send their remittances to their living loved ones in the Philippines on Nov. 1 and 2. One message from an OFW in Australia says, “Gawin natin itong isang sakripisyo para na rin sa ating kapakanan. Sabay-sabay po tayong di magpapadala sa Nov. 1 at Nov. 2.”
    The common concern is that the government still has to put a hem on the continuing plunge of the purchasing power of Philippine currency despite the much-talked about “strong peso.” A Senate study shows that while the peso has soared to its highest level since July 2000, at P43.85 to the dollar, oil companies have increased their prices 14 times so far in 2007, while implementing rollbacks only four to six times. Meaning, the much-improved peso has not translated to lower fuel prices, a major factor that determines the affordability of the cost of living.
    This is tantamount to saying that economist Gloria Macapagal-Arroyo, who boasts of her doctorate degree in economics, has not been doing her homework. What she has been saying to the public is merely about a strong peso and bullish stock market, which becomes illogical in the absence of corresponding benefits for the constituents in terms of affordable basic commodities, like food and drugs, and reduced cost of transportation and electricity. Things will get worse when people lose their jobs principally due to the closure of companies that are directly affected by the artificial strengthening of the peso.
    “Any increase in the price of LPG and kerosene upsets the household budget for food and other essential needs. Meanwhile, increases in gasoline and diesel reduce the take-home pay of our workers, and give the imprimatur – whether justified or not – for traders to hike prices of other consumer goods,” Sen. Mar Roxas says in a statement to Inquirer.
    Roxas, who chairs the Senate committee on trade and commerce, says the peso’s appreciation should have resulted in cheaper gasoline, thereby softening its impact on exporters and overseas Filipino workers who have been getting fewer pesos for their dollars. He urges the Senate to look into the government’s action plan to soften the blow of spiraling energy costs, after experts projected a further increase in world crude oil prices to over $100 per barrel due to supply concerns related to renewed tension in the Middle East.)


    From Philippine Daily inquirer, excerpt of an article entitled "Death of OFW Dollars" . You could read the whole article through this link

    http://globalnation.inquirer.net/ceb...ticle_id=98364

  9. Join Date
    Dec 2004
    Posts
    3,572
    #39
    Mukhang good at bad news to...

  10. Join Date
    Aug 2007
    Posts
    820
    #40
    Its high time to convert my remaining green bucks to peso. I already converted some of my green buck into a 3.2L diesel guzzling truck a few months ago before it loses its value.

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US$ Exch Rate:Yr end:P43/Yr 2008-P37 & Yr 2009 - P30?