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July 7th, 2018 08:24 AM #751The reversal of fund flows in recent months has been prompted primarily by the tightening of monetary policy in the US as the Federal Reserve continues to unwind its quantitative easing scheme that has been in place over the last decade.
PH dollar reserves fall to six-year low as outflows continue | Inquirer Business
Sent from my SM-N9005 using TapatalkLast edited by Monseratto; July 7th, 2018 at 08:28 AM.
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July 7th, 2018 10:48 AM #752
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July 7th, 2018 11:04 AM #753
2 years ago...
PH foreign reserves hit two-year high of $83.47B in April
Change has come...
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July 7th, 2018 12:13 PM #754pero aside from call center that brings dollars, ang isa pa pabrika natin eh dollar earning OFW.
so i doubt that long term ang effect ng dollar tightening ng US sa mundo
and with our great President great timing sa partnership with China, we could do xdeals in some tradeable things and just bypass the dolar
napansin ko na to sa mga products na ship from abroad from Lazada and Shopee, sobrang mura parang walang exchange rate, as in mas mura pa sa binondo / divisoria retail shop
Andyan lang naman sa tabi factory ng mundo so aiguro sabi ng intsik mag secret deal na lang tayo sa mga pinoy, ignoring the intricacies of dollar exchange
I talked to some soldiers some 3 months back, when Russian ship went here they bartered AK47s for our toopx in exchange for export quality bananas
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July 9th, 2018 02:46 PM #756
The poor peso is really hurting businesses.
We delivered our strongest year in 5 years and surpassed targets, yet profitability is down due to forex.
Higher sales are just being eaten up by higher import costs. The economy can only absorb so much so the peso needs to turn soon.
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July 9th, 2018 02:49 PM #757
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July 9th, 2018 02:49 PM #758
ANg dami nakikinabang na employment ngayon. Lahat kita ko sa factory babaan lahat van para pumasok mga tuwang tuwang mga chinese workers.
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July 9th, 2018 02:52 PM #759
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July 10th, 2018 01:34 PM #760
Philippines' trade deficit rises to 5-mth high in May | Reuters
Lesser car imports I guess...hehehe
Imports grew 11.4 percent in May, slower than the previous month’s revised 23.1 percent annual pace, while exports declined 3.8 percent in May, less than the previous month’s revised 4.9 percent contraction.
That resulted in a trade deficit of $3.7 billion in May, which was wider than the previous month’s revised deficit of$3.48 billion and the biggest after last December’s $4 billion.
Hefty purchases of fuel, iron and steel, electronic products, telecommunication equipment and electric machinery overseas fuelled import growth in May.
The import-driven trade gap is expected to worsen the Philippines’ current account deficit this year, which could put further pressure on the peso, one of Asia’s worst performers so far this year.
The Philippines, like other Asian economies that have external deficits, is under pressure to follow the U.S. Federal Reserve in shifting away from low interest rate settings or risk capital flight as investors seek higher yielding assets.
The central bank raised interest rates last month for the second time in six weeks, becoming the region’s second central bank to deliver two hikes in a short time, after Indonesia.
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