This coming Monday July 28, 2008, our President, Gloria Macapagal-Arroyo will give his annual State of the Nation Address (SONA). The nation’s attention will once again be focused to the Batasan Complex (Where the house of the representathieves sorry, that is “representatives” holds sessions) at Quezon city, Metro Manila Philippines for this historic event. In the United States the State of the Nation Address is known as the “State of the Union address.” All systems go for this coming Monday’s State of the Nation Address. Traffic has been re-routed and schools in Quezon City have declared no classes. Security has been beefed up in the area and even the president’s new dress is already prepared. This time President Gloria Macapagal Arroyo will be wearing her newly made red Maria Clara terno in piña fiber. While the president will be giving the State of the Nation Address, protestors are planning to do their annual protest hence they are also readying their vintage t shirts, placards … [Read more...]
A stronger Philippine Peso . . . Fearless forecast for the months to come
Before we resume our regular stock market series and discuss the strengthening of the Peso. This is an important factor that plays a vital role in determining the economic outlook of our country. This will also help you decide when considering investments. When the dollar-Peso Exchange rate was still P44+ to a dollar, I told my dad to dump all his dollar, exchange it for peso and put it in mutual funds. I don’t know if my dad has listened to my advice, but now the exchange rate is now nearing P 40.00 to a dollar. For those of you living in the Philippines and who has still dollars in their accounts, it is not yet too late to exchange it to avoid loosing more in the months or even years to come. Except if something really bad happens to our political scenery or if there is a global economic catastrophe that will affect the world market, there is no reason that the Peso should continue to stop appreciating. I am not saying this because I am an expert in economics or that I … [Read more...]