A video explaining the weakening of PHP vs US dollar

It is more fun criticizing

It is not so much of the war.    Its our deep attachment to USD as currency for trade   Maybe the corruption iissue,  fundamentals of economics (huge trade deficits) increasing ratio of debt to US (now Php 19 trillion), decline in OFW remittance.  

It also reflects defects n reporting system   Despite reported advances in use of non fossil fuels renewable in in our energy sector, the sudden spikes and in fuel prices and talks about oil deregulation belies the claim.  The country is still highly dependent on oil an coal.

Things to be done:

1.  Fiscal discipline,   Stop being a social state;

2   Push harder the non renewable energy drive; domestic coal and oil production and exploration.  

     (including moringa seeds for fuel)

3.  Encourage more agricultural and industrial productivity

4.  De couple from USD.  (like a BRIC country)

5.  More credible, honest to goodness leaders

 

Did BBM victory in election cause Peso freefall

It is more fun criticizing

In one of the soc media post. it was alleged that BBM victory did the Peso in.   The Peso now at P55 = USD has become one of the worst performing currencies in the region.  It was alleged that many heads

of Western countries do not trust BBM's abilities and hence are divesting from the Philippines

But Western countries sent delegation to BBMs oath taking today.

A strong dollar, not  a weak peso is not the cause of peso freefall. The critic must have made all his analyses wrong tried to scam the readers  US Fed has to raise interest due to raging inflation.  

From business inquirer; dollar to peso sat P54.7 = USD 12

A devalued peso: means OFW get more bucks from their remittances.    We get more foreign investment

Exporters get more.   The devaluation is not entirely bad for the country.  Although importation of raw materials and capital goods become more exspenasive