The Philippine Peso is Dropping Fast! Is the Economy in Danger?

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  • Опубліковано 6 жов 2024
  • Produced by: Behind Asia Team
    Inquiries: behindasian@gmail.com
    Brought to you by the Behind Asian Team.

КОМЕНТАРІ • 297

  • @noliplotenia1740
    @noliplotenia1740 4 місяці тому +18

    There is nothing wrong in the Philippine economy. Actually, Philippine economy is doing great. This peso weakining is cause by US federal reseves. All countries around world is affected.

    • @premo12879
      @premo12879 4 місяці тому

      Hindi lahat ng country apektado tingnan mo ang hongkong dollar napaka strong

    • @noliplotenia1740
      @noliplotenia1740 4 місяці тому +1

      @@premo12879 hahaha.. syempre financial hub ang hong kong.. baha ang pera dyan palagi.. isa pa karamihan na mga negosyante na masa hong kong mga chinese.. Alam mo naman may trade war ang china at usa. Baka pagnilipat ng mga chinese na negosyante ang pera nila from hong kong to usa, baka ma hold lng pera nila doon at ma question pa sila ng China. Baka yun pa ang dahilan na kukunin ng gobyerno ang pera nila. Economic sabotage na yan kasi sa china ang maglabas ng malaking pera eh na hindi approvado ng CCP.

    • @delavan9141
      @delavan9141 3 місяці тому +1

      50 million Filipinos living in poverty would beg to differ on that opinion.

    • @guddymoody9215
      @guddymoody9215 3 місяці тому

      @@delavan9141 In Dec 2023, the Poverty in the Philippines was deemed at 22.4%, which is still the target of 9% in 2028. get your facts straight. 22% of 108M Filipinos is not 50M. Thank you.

    • @CMISales
      @CMISales 3 місяці тому

      Stupid, with stock market going down there is no way we are doing well..We are afloat due to our increasing acquisition of loan!

  • @elgad82
    @elgad82 Місяць тому +2

    Now the dollar is dropping fast.,the Philippines peso is gaining strength.,god bless the my country and every people of this country.,

  • @juamu1132
    @juamu1132 4 місяці тому +13

    this is a problem as we are an importer not an exporter.

    • @fallen2359
      @fallen2359 4 місяці тому +1

      Lol this is a problem regardless if youre importing or exporting. 🤣

    • @clarkdave
      @clarkdave 4 місяці тому +4

      ​@@fallen2359do you even understand what he's saying? falling peso value means we are buying import products at expensive price so more consumer are discouraged from buying... this is a prob since philippines is a major importer of goods and we don't produce our own..

    • @fallen2359
      @fallen2359 4 місяці тому +3

      @@clarkdave Hey, maybe you don't quite get it. You have to pay more when you import because of the weak peso. But when you export, others have to pay less for your goods. It might be good if exporters don't have to pay for anything that needs to be imported. But what about fuel? You need to pay locally for more expensive fuel to transport your goods. So, a weakened peso is a problem for both exporting and importing. So if you thought only the people importing were having problems, then you clearly don't understand how things work.

    • @clarkdave
      @clarkdave 4 місяці тому

      @@fallen2359 usapan lng dito import n export and correlation with weakening of peso, which is not good for us since we dont produce our own goods and had to import..
      www.psa.gov.ph/statistics/export-import/monthly
      tsaka given how BBM's terrible admininstration wont do something abt local industry, we will constantly be net deficit in trade kase ang mahal magtayo ng pabrika dto at tska ang mahal ng labor cost sa pinas... so in a way youre correct abt how terrible it is for import and export since we always have weak export...

  • @jhonnypusong6906
    @jhonnypusong6906 4 місяці тому +16

    Huge debts
    High importation
    Philippines depend mostly in
    Importation.
    Oil ,electronics, vehicles , processed foods industrial materials construction equipments and agricultural fishing machinery.
    Only skilled labour unskilled labour and agricultural mostly their export.

    • @noliplotenia1740
      @noliplotenia1740 4 місяці тому +3

      all the things you write is being done by other countries. These includes oil producing countries. Peso fluctuation is not mostly caused by the Philippine economy. Its ussually the US dollar domination of the world economy. Everytime US rererve anounces changing interest rate. It will affect the Us dollar demand around the world. But no problem for that. Philippines have lots of dollar reserve and gold reserve. The problem will mostly feel by the filipino working inside the philippines. The commodity prices will inrease but the normal filipino salary cannot catch up with the inflation. Other countries are having much more impact. If you compare the salary in Philippines, the normal salary is $375 per month. While some countries have only $120 per month. The doctor salary i Egypt and Pakistan is almost the same as minimum wage earner in Philippines.

    • @jhonnypusong6906
      @jhonnypusong6906 4 місяці тому

      @@noliplotenia1740 if you studied business finance marketing and economics you will understand it. But you studied clowns courses ( politics & socialism) complicated for you.
      Dollar is only an emergency toilet paper of trade exchange. There’s no real value of that notes.
      The importance is barter TRADE system to be equal.
      More export and trade less using dollars 💵 . Less import and prices of commodities can prevent.
      More local products produced benefits people with low income.
      Less dollar demand for buying import products can save the country.
      If people depend too much of importation luxury convenience or easy useful cheap they thought. WRONG!
      Most people rely most likely not unique not resourceful not smart not intelligent lazy not creative not and not resilience. 😅
      I’ve seen here in Europe.
      The World financial Hub centre is in here.
      They control everything all over the world(Dollar and Euro).
      Cheap products and Labour from overseas. They redesign it or high quality finished products resale to abroad for a high value.
      That’s why iPhone 15 is so expensive but the materials is from Asia and Africa. Cost only a cents. 😁
      Hard work for poor miners and young kids miners.
      Sad.

    • @gsismaet5385
      @gsismaet5385 4 місяці тому

      With war against china and decoupling from them, expect everything to become more expensive esp if phils buys us-made stuff which is inferior to chinese made goods.

    • @Dogsrcute823
      @Dogsrcute823 2 місяці тому

      @@noliplotenia1740 you might as well be Chinese. Blame everything on somebody else.

  • @1rjona
    @1rjona 4 місяці тому +22

    For the 10% of Philippine population working abroad plus export industries, tourism and BPO, a falling peso is a benefit

    • @ac-ir9gs
      @ac-ir9gs 4 місяці тому

      That's a good point

    • @evilydal
      @evilydal 4 місяці тому

      Lol cost of living and inflation stupd?

    • @josephmontecarlolibao299
      @josephmontecarlolibao299 3 місяці тому +1

      kahit naman magmahal yung palit kung nagmamahal yung mga bilihin parehas lang yub 😂

    • @1rjona
      @1rjona 3 місяці тому

      @@josephmontecarlolibao299 pag mangyari yun, mas dadami mag aabroad at tataas ang exports at BPO services sa pinas. Magmumura din ang gastos ng mga turista sa Pinas

    • @joboilibres9593
      @joboilibres9593 3 місяці тому +1

      What a dumb reasoning

  • @phoenix5054
    @phoenix5054 4 місяці тому +18

    As someone who held yen (as a hedge against risky local third-world currency), I don't feel this at all. Yen fell WAY WORSE than the peso ever did.

    • @weetaoneo3081
      @weetaoneo3081 4 місяці тому

      😂😂😂

    • @ac-ir9gs
      @ac-ir9gs 4 місяці тому

      Why didn't you just hold dollars?

    • @phoenix5054
      @phoenix5054 4 місяці тому

      @@ac-ir9gs I also hold dollars.

    • @christbenitez8797
      @christbenitez8797 4 місяці тому +1

      The Philippines is still a mile too far from getting bankrupt. If the Philippines manage rebound their economy and maintain the 5.8 to 5.9% growth. The Philippines pesos will slowly rise up Vs dollar.

  • @DjdDC-v1q
    @DjdDC-v1q 4 місяці тому +9

    Phillipine pesos is stable, Chinese Yuan is dropping and Chinese communist economy is presently disastrous... china is buying more US dollars in the phillipines and controlling thatswhy it looks like pesos dropping but actually chinese yuan is worst dropping due to plan expansion of terrotory and preparing for world war .

    • @invisiblesun6595
      @invisiblesun6595 4 місяці тому

      Yep. China claims to sell US Treasuries only to come running back to them with their tail between their legs😂
      BRICS doesn't really benefit China so much as it does Russia. But once its usefulness is over China's gonna dump BRICS real quick, count on it.

    • @TEARIKITAVAI
      @TEARIKITAVAI 3 місяці тому +1

      DON'T BE A NEO CONS ACCEPT THE TRUTH THE CHINESE YUANIS STRONG AND ITS THE MAIN CURRENCY 😅😅😅

    • @markpaulpangan7618
      @markpaulpangan7618 3 місяці тому +1

      @@TEARIKITAVAI okay tell me how it is strong when Chinese economy is literally falling like manufacturing industry is literally leaving China right now lmao

    • @Userof-d4b
      @Userof-d4b 3 місяці тому

      ​@@markpaulpangan7618have you take your fentanyl? Take it be zombie again😂😂😂

    • @RochellOfalla
      @RochellOfalla 3 місяці тому

      ​@@markpaulpangan7618Sabi ng bloggers na China haters.

  • @sunilscorpy4594
    @sunilscorpy4594 3 місяці тому +9

    As a businessman here in the Philippines, I beg to disagree. We don't feel the economic growth and since 2019 until today things are quite bad here business wise.

    • @様幽霊
      @様幽霊 3 місяці тому +6

      Of course I'd believe you rather than statistics 🥴

    • @HelliotTomson
      @HelliotTomson 3 місяці тому +6

      You're right, But my primary concern is how to grow my reserve of} 24000k pesos which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.

    • @thomassarah6626
      @thomassarah6626 3 місяці тому +6

      I think for me to secured your financial longevity buy Gold and protect your assets in crypto too

    • @nengsolavillasorda8519
      @nengsolavillasorda8519 3 місяці тому +1

      ​@@HelliotTomsonIf you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.

    • @KleinMoore
      @KleinMoore 3 місяці тому +5

      You can secure it by buy Gold, but you need a financial advisor too

  • @TheAyikita1
    @TheAyikita1 4 місяці тому +5

    The problem in the Philippines is the strong consumption despite the heightened inflation and depreciating peso. It will be harder for the BSP to find a reason to decrease interest rates because if they did inflation would just run haywire even more. Yes, the stock market will rally, but it will cause a stock market bubble and a credit bubble. I also don't understand why the recent BSP monetary policy board was becoming less hawkish and dared to say they might cut bank rates before the US Fed. It is only going to create more trouble if this happens. At the end of the day, there is only so much the BSP can do to curb inflation and Filipinos need to cut back on spending and help the BSP lower inflation. This isn't a one-body battle and everyone needs to put in their effort too.

    • @randomviralvideos5110
      @randomviralvideos5110 4 місяці тому +2

      It means that most filipinos already have purchasing power, we can buy more than usual since job increase and jobless is minimal. So PBBM is right that we must open our economy to foreign investors so we can not just create more jobs but we can already create more goods for our consumers, less import the higher our chance to curve the inflation.

    • @smolyponks
      @smolyponks 4 місяці тому +3

      ​@@randomviralvideos5110not really the correct sentiment. More foreigners means more inflation. What needs to open is the foreign ownership of businesses so they can help add diversity of products in the market. More supplies, less price.

    • @randomviralvideos5110
      @randomviralvideos5110 4 місяці тому +1

      @@smolyponks that is what Cha cha is all about thats why i am into CHA CHA and support it all the way.

    • @mavicgo761
      @mavicgo761 3 місяці тому

      Mgnda nga mgopen mga businesses dto dhl mababa ang peso mgkrun lng mgnda policies.. sa importation, kun maayus lng sna namamahala dyan ok sna ee ..

    • @francisvazquez13
      @francisvazquez13 3 місяці тому

      He said Foreign investors..​@@smolyponks

  • @rubeiko
    @rubeiko 4 місяці тому +52

    Your analysis is very basic very far from reality.. The truth is US keeps on printing fiat currency without gold backup.. The US dollar is acting as strong but it's dying already days are numbered Brics currency is soon to come.. The philippine economy is surving with remittance of Ofw Filipinos around d world... Beside Philippines has lot of Gold reserves some are even deposited in US

    • @Dogsrcute823
      @Dogsrcute823 4 місяці тому +6

      You are so jealous of the USA

    • @dennisvillacorte4122
      @dennisvillacorte4122 4 місяці тому +2

      US is kaput😅😅

    • @chrisvb4387
      @chrisvb4387 4 місяці тому +4

      Hahahaha BRICS. That's funny!

    • @石川春-d5p
      @石川春-d5p 4 місяці тому +5

      "Far from reality" and yet your comment is far behind reality 😂

    • @richardbadoraya8971
      @richardbadoraya8971 4 місяці тому +3

      The FED is not anymore printing Fiat dollars for they have no more authority to print. The U S dollars in circulations are less for the new US T Notes are about to replace the US dollars. It is expected by now that US dollars will reach its peak and by mid of this month it will crash and by July USN will replace and is already back by gold.

  • @gerardoberdin6036
    @gerardoberdin6036 3 місяці тому +1

    Less foreign reserves, less exports more imports, foreign debt growing fast equals devaluation of peso currency. History repeat itself. Government borrowing must be spent wisely. Income generating project must be prioritized.

  • @petebngyn
    @petebngyn 4 місяці тому +4

    We need more dollar income such as Tourist dollars. Philippine Tourist arrivals were just 5 million last year compared to Malaysia’s 29 million and Thailands 28 million.

    • @georgeloh8257
      @georgeloh8257 4 місяці тому

      Because war is imminent, it is not safe for tourism and foreign direct investment. Bad government policies.

    • @gsismaet5385
      @gsismaet5385 4 місяці тому

      The dollar is dying.

    • @markpaulpangan7618
      @markpaulpangan7618 3 місяці тому

      @@gsismaet5385 how so??

    • @Justice-Zcjh
      @Justice-Zcjh 3 місяці тому

      Thailand and Malaysia are not robbers, they deserve more tourists arrival.

  • @damncars2618
    @damncars2618 4 місяці тому +1

    The US Fed raised rates and reduced currency in circulation in an attempt to lower inflation to 2%. This is why the dollar is stronger. It's also good for Philippines tourism and USA tourists visiting the Philippines.

    • @acuantjahyadi7393
      @acuantjahyadi7393 4 місяці тому

      Benar untuk menyambut turis dari Amerika cukup sediakan sebanyaknya Lubang kencing wanita anda, mereka sangat mengemarinya. 👍

    • @invisiblesun6595
      @invisiblesun6595 4 місяці тому +2

      Also good for OFW remittances. A rate of 58.5:1 is nothing to sneeze at!

  • @orgkampong
    @orgkampong 4 місяці тому +1

    It's just can't be....a month ago the Philippines was hailed as the fastest economic growth in South East Asia and fast becoming a new tiger in the making. With this news, the Philippines need to drop the peso and used the USD as it currency for the whole of the Philippines ?

  • @KumarKumar-fc2gc
    @KumarKumar-fc2gc 4 місяці тому +1

    Yes ..Dollar is an overhyped currency that is kept HIGH by force ....otherwise printing trillions of dollars and still keeping its value HIGH is beyond imagination.... so now the force just starts weakening

  • @jaivekkanabar6865
    @jaivekkanabar6865 4 місяці тому +1

    Then what about Indian rupees 2021 was like 77 rupees now 83.4

  • @uncommon_name9337
    @uncommon_name9337 4 місяці тому +2

    Nothing of significant worth backs the value of the PH Peso aside from cheap internal labor and exported labor.

  • @rickbold9337
    @rickbold9337 4 місяці тому +2

    The Peso is getting weaker! I am Canadian and have seen the peso dropping against out weak dollar

  • @teckmenglee8060
    @teckmenglee8060 4 місяці тому +12

    it is more the USD rather than Philippines peso. If Philippines economy can move away from using the USD, then Peso will improve

    • @juamu1132
      @juamu1132 4 місяці тому

      lol you can't. unless you solve your brain drain. the situation will get worse.

    • @Hyperion1722
      @Hyperion1722 4 місяці тому

      That is impossible for now. Global trades are mostly in USD. You move away from dollar to each individual countries' currency where we export and import and would just be exercise in futility as most countries would peg the value in USD then converted it to their currency. It will be a double whammy on peso valuation.

    • @Hyperion1722
      @Hyperion1722 4 місяці тому

      @monipenny408 which countries for sure?

    • @ryani.7027
      @ryani.7027 4 місяці тому

      We should purchase Gold and dump dollar bonds

    • @Laser593
      @Laser593 4 місяці тому

      It is not possible because the economy of the Philippines is reliant of US dollar remittances abroad.

  • @rinocanolo5230
    @rinocanolo5230 4 місяці тому +5

    Yes ! That way more value for any currency and funds better for Philippines productive efforts to build better more projects 👏 💪 🙏

  • @A.S.Mood4everLuvs
    @A.S.Mood4everLuvs 4 місяці тому +1

    so we just dont need to use the dollar in buying oil

  • @concepciondental7953
    @concepciondental7953 4 місяці тому

    If you are travelling around thr world, what currency would you like to carry? Yuan? Yen? Rupee? Peso? or US dollar? or let me add if there is BRICS currency?

  • @benjo1380
    @benjo1380 4 місяці тому +3

    When you look at the japan yen happen 1 php = 0.49jpy way back 2019 now around 1php =0.37jpy its just the USD is strong

    • @JN-R21
      @JN-R21 4 місяці тому

      Actually it's 1 Japanese Yen = 0.37 Philippine Peso. Yen is weaker than Php

    • @benjo1380
      @benjo1380 4 місяці тому

      @@JN-R21 yup you're right 1jpy = 0.37php my bad

  • @walterdayrit675
    @walterdayrit675 3 місяці тому

    Countries that have joined the BRICS have decided not to use the US dollar in global trade. Perhaps the Philippines should do the same and join them. Thailand and Malaysia are also considering joining BRICS as well.

  • @antoniobenamer8681
    @antoniobenamer8681 4 місяці тому +6

    One factor affecting Philippines peso valuation is the uncontrolled
    Spending by the Marcos Jr Gov
    To prop up their sagging rating
    Giving out monies to buy people's
    Loyalty in the hope of getting their
    Votes. The peso is weak because
    The leadership is WEAK and corrupt

    • @ryanspinoza6586
      @ryanspinoza6586 4 місяці тому

      Engot mo naman. Pumunta ka na lang sa “prayer” rally ni Digong kung ayaw mo mag-aral muna bago magsalita.

    • @antoniobenamer8681
      @antoniobenamer8681 4 місяці тому

      @@ryanspinoza6586 I don't pray

    • @nhoj797
      @nhoj797 4 місяці тому

      @@ryanspinoza6586 mga taong di marunong umintindi nang reality yan eh!!! di nila alam buong mundo nakakaranas ng inflation. compare to other COUNTRY din na dilumalaban economy nila.

    • @Rommel770
      @Rommel770 4 місяці тому

      Ayuda gov't ni Ferdinand Magellan jr

    • @Darklight0028
      @Darklight0028 4 місяці тому

      Give marcos a chance. Hes just starting.... you cant truly see the full picture in the beginning

  • @mrmikecebu
    @mrmikecebu 3 місяці тому

    I am 24 years retired in Philippines.I vame when php was 38 to the dollar. PHP has its ups and downs but mostly up. Year over year dollar climbs taking more pesos to buy the dollar. The country has a gradual climb and improvement visible pver 24 years. Clean air. Food. More fruit, more veggies and fish means longer life. Die early in usa or live here or japan and have longer life. Up to you.

  • @scorpiodude2751
    @scorpiodude2751 3 місяці тому

    Tingnan nyo naman yung mga military assets natin na nabili at inorder pa! Magkano ang frigates, warplanes, helicopters at mga missiles? Kailangan natin kasi bumili ng mga ito kahit may mga donasyon pa, para sa depensa ng ating soberanya! Despite of all these, itanong nyo kung bakit nakabayad tayo ng utang ng mas malaki kesa noon sa panahon ni PD30? Sa akin lang walang problema ang devaluation basta hindi bumabagsak ang ekonomiya. Huwag kayong mabahala, malaki ang dollar reserves natin. Ang kailangan lang sipag at tiyaga. Maraming job opportunities ngayon dito kesa noon.

  • @GSXSF-250
    @GSXSF-250 4 місяці тому

    The Philippines with PBBM is all about investing and investors.
    Don't overread the Philippine peso because it's still one of the strongest currencies in SE Asia.

  • @dellcruz2818
    @dellcruz2818 3 місяці тому

    profit for ofw..but because of bpo. tourism. ofw remittance.. dollars converted to pesos come into circulation helps the economy... phil. govt also increase infra spending

  • @donnlowel2387
    @donnlowel2387 4 місяці тому +1

    This dude needs more research… Philippines GDP was up 5.7%.

    • @garfield2742
      @garfield2742 3 місяці тому

      GDP growth worth nothing if the country also have a high inflation.

  • @fredalqueza4822
    @fredalqueza4822 3 місяці тому

    That's very far from the reality. Balance of Payments is number one reason. We have more imports than exports. Since imported materials for industry and domestic use is in dollars and yet this is not balance by ecports.

  • @lasvegasti
    @lasvegasti 4 місяці тому

    i think you have it the other way around. it will help exports to usa but imports from usa will be much more expensive. inflation will rise in PH.

  • @salterrae2525
    @salterrae2525 4 місяці тому +1

    Overseas foreign workers are significant in Philippine economy. They keep our economy afloat.
    They are happy when dollar rises.
    BPO industries call centers and and freelance work from home also thrive.
    Export business also benefits.

  • @carusmike
    @carusmike 4 місяці тому +1

    At 25seconds you are incorrect

  • @akolangitwu
    @akolangitwu 23 дні тому +2

    Update: check the Philippine peso today lol get ur facta right

  • @Usefullinformationphilippines
    @Usefullinformationphilippines 3 місяці тому

    The Philippines has a central bank, just like the US and right now they are printing 1 trillion pesos a year. The more money that exist in an economy, the less the money is worth. I have read that they are using that money to improve infrastructure like building, roads and bridges, and I have seen bridge rebuilds while I’ve been there. The Philippines is a growing country, and you have to spend money to attract money from other countries, still printing, money, weakens the currency. Every country around the world is experiencing someone of a recession right now, especially the United States.

  • @MENSA.lady2
    @MENSA.lady2 3 місяці тому

    The US $ is weak so logically The Philippino currency is in even worse shape than they think.

  • @clarenzorizal7134
    @clarenzorizal7134 3 місяці тому

    Much better to grow the economy faster to bring foreign investors specially manufacturing jobs for export. Like china and japan after WW2.

  • @sktan3743
    @sktan3743 3 місяці тому

    Sustainable economic growth requires a stable investment climate in the long term. However, it is President Marcos Jr decision to focus on political correctness with US than developing economy with China.

  • @ekayonosuwito3298
    @ekayonosuwito3298 3 місяці тому

    ASKING HELP FROM US. US WILL HELP PHILIPPINE DIRECTLY. 👍👍👍

  • @angellim9465
    @angellim9465 4 місяці тому +3

    During President Duterte: US1= 47 PESO.
    PRESIDENT BOBONG MARCOS: US1= 58 PESO.
    😅😅😅😅😅😅😅😅😅😅

    • @様幽霊
      @様幽霊 3 місяці тому

      2016-2020 the highest interest rate of US central bank is 2.5% around 2020, and from then to 2022 it's around 0.5%, now it's 5.33%, you can literally put your money into treasury bonds and earn more than banks here in the Philippines. Educate yourself before you do propaganda.

    • @様幽霊
      @様幽霊 3 місяці тому

      Also, just to remind you: -9.5 gdp growth 2020, 51B peso pharmally. Sold the WPS to china for investment pledges worth 25B USD of which only 1.7B USD materialized from 2016-2022 lower than even japan. 6 252 victims of EJK. Publically supported POGO. Have a Chinese drug lord as his economic advisor.

  • @Bisli61
    @Bisli61 4 місяці тому

    Why don't you talk about the inflation that has risen, it's not just the currency that has weakened

  • @swollendoggo2529
    @swollendoggo2529 4 місяці тому +9

    *Consider dropping the USD and joining BRICS to avoid escalating tensions and becoming a pawn in U.S. geopolitics. Increase trade with China, purchase affordable oil from Russia, and foster stronger economic ties with neighboring countries. Avoid war, as it primarily benefits the wealthy while causing widespread suffering among the majority.*

    • @markrichard6250
      @markrichard6250 4 місяці тому

      The American Military Complex has the money that controls both sides of American politics and is now sucking the Philippines into its forever wars and making Philippines a target trying to contain the peaceful rise of China... Duterte was not a vasal leader of US... but Marcos is the lapdog for US

    • @johnnychua3116
      @johnnychua3116 4 місяці тому

      Good idea .

    • @lasvegasti
      @lasvegasti 4 місяці тому

      Better brush up on your Cantonese then.

    • @christbenitez8797
      @christbenitez8797 4 місяці тому

      Russia is in turmoil, the Philippines has beef up with china and also the Philippines has a complicated relationship with the US.
      The Philippines switching to BRICS will only worsen it's problems in the long run.
      It's like they pointed a double barrel shotgun right in their mouths if that happens.
      What the Philippines is experiencing right now is natural since every country in the world is also affected by the recession where the US dollar is printing faster than they could reserve and the effects are weakening other money bills from around the world.
      Funny is the Philippines maintained it's 5.8% growth even today

    • @evilydal
      @evilydal 4 місяці тому

      Who would believe this? None

  • @Hyperion1722
    @Hyperion1722 4 місяці тому

    Not good. Ph imports much more than what it exports. This will drive up inflation as there is too much price (in pesos) for products that we import. Our trade deficit (exports less imports) is -52 billion USD. That is big. A devaluation of 1 peso means PH has to shell out additional 52 billion pesos for international trade. This import/export deficit is the reason why PH pursue international USD borrowings which currently stands at 265 billion USD. Further, the interest rates we pay on USD borrowings are in USD currency which worsens the situation because we pay more pesos for every USD that PH is indebted to.

  • @weikun24
    @weikun24 4 місяці тому +1

    IMPOSSIBLE. We have the support of the US. We are in the best situation ever. The EU is behind us. the president has worked very hard to go around the world to ask for support and have gotten the most pledges any ph president has ever had. even had maharlika fund to boost the economy. that is why we have the fatest growing economy in the world. the president even has committed to make our country middle class economy. without any poor people. THE BEST PRESIDENT EVER! 😂

    • @yueleong2590
      @yueleong2590 3 місяці тому

      HOPEFULLY NOT FRONTLINE CANON FODDERS LIKE THE UKRAINIANS 🇺🇦.

  • @扶摇直上九万里-s4j
    @扶摇直上九万里-s4j 2 місяці тому

    Nakalulungkot, ang mga Pilipino ay may tiwaling gobyerno at mga tiwaling pinuno

    • @rainieresguerra6519
      @rainieresguerra6519 13 днів тому

      Ang lakas na ng Piso ngayon. Ibig sabihin, may maayos na Gobyerno at namumuno sa Bansa.
      Nawala na ang political uncertainties dahil maliwanag na hindi na kaya ng mga duterte at quiboloy na pabagsakin ang Gobyerno kahit tulungan pa sila ng China.
      Stable na ang political situation kaya isa yan sa mga factors bakit lumalakas ang Piso.

  • @jperez7893
    @jperez7893 4 місяці тому +1

    The Philippines should join brics also

  • @gheoffricare4520
    @gheoffricare4520 4 місяці тому +6

    Could you please give us a warning about the seizure-inducing graphics? Thanks.

    • @kd12356
      @kd12356 4 місяці тому +3

      Did you mean epilepsy-inducing graphics?

    • @mikaddie
      @mikaddie 4 місяці тому +2

      @@kd12356did you mean seizures inducing graphics/ video?

  • @JuanHernandez-bd1un
    @JuanHernandez-bd1un 3 місяці тому

    The national debt is the cause. With improvement in the economy the peso will recover.

  • @juancarlossaavedra6757
    @juancarlossaavedra6757 4 місяці тому

    You can't change or use the peso outside the Philippines the reason will shock you.

  • @user-zs9ek1bx5z
    @user-zs9ek1bx5z 4 місяці тому +10

    US Dollar is strong while the PHILIPPINES PESO is WEAK - reality 💡💡💡

    • @rickyboy6390
      @rickyboy6390 4 місяці тому

      Aren't there allot of countries whom are willing to to abandoned the US doller so the US doller might get weaker

    • @danielciupitu6090
      @danielciupitu6090 4 місяці тому +1

      Is the dollar too strong? Really? 🤣🤣🤣

    • @giripog28
      @giripog28 4 місяці тому

      may ubo ata utak mo boi. sinabi na nga sa 0:26 hirap mo pa rin intinddihin? requirements ba sa inyo yan?

    • @KurtNgo-bc2jb
      @KurtNgo-bc2jb 4 місяці тому

      @@rickyboy6390 in a risk of getting in the bad side of the US

    • @KurtNgo-bc2jb
      @KurtNgo-bc2jb 4 місяці тому

      @@danielciupitu6090, do you think USD is weak? if USD is weak then who was the strongest currency? which currency is the world reserve currency?

  • @funnymovie2827
    @funnymovie2827 3 місяці тому

    i am always set a currency from 55 to 60 vs us dollar, because of its complication in terms of foriegn exchange rate, the bsp. will always considered the value of ph peso vs dollar on that range due to ofw remittance, it makes the bsp more space to think before making any tamper.

  • @alexanderyang8180
    @alexanderyang8180 4 місяці тому

    Does this mean that the Chinese Yuan is strong too? Because it breached the 8 pesos to 1 chinese yuan mark.

    • @KurtNgo-bc2jb
      @KurtNgo-bc2jb 4 місяці тому +1

      not quite sure but I did some math 1 USD = 7.23 YUAN,1 USD = 57 PH, and 1 YUAN = 8 PH. 7.23 x 8 = 57.84 so I think China's currency is either going at the same pace as the USD or as you said getting stronger.

  • @jhunSebastian-t9t
    @jhunSebastian-t9t 3 місяці тому

    Normal it's election time In us question the reservation dollar.

  • @armandgabrielly.fulgencio
    @armandgabrielly.fulgencio 4 місяці тому

    Everybody said no comparing don't compare the amount of the PHILIPPINES or how rich the PHILIPPINES to the Us its bad everyone and every country has different decisions thinking doing to make our own country and community successful so don't compare PHILIPPINES to other countries especially Us because Us is big and very successful country their governments have bright decisions.

  • @yolobiz6450
    @yolobiz6450 3 місяці тому

    Reason why it is so expensive to live in the Philippines compared to its neighbors. Kinukurakot pa ang import, sales at income tax ni Juan. Tapos boto pa din ang mga na budol!

  • @aries1thunder652
    @aries1thunder652 4 місяці тому

    Need to back up by gold all currency.i don't think what happens to dollars 😅

  • @kumokonani-ka5370
    @kumokonani-ka5370 4 місяці тому

    Me : im citizen of Philippines not impact in people because of stable income except if you lazy guy laying flat.
    For me its not normal for currencies even high exchange rate because of import and export if support the FARMER and Fisherman or agriculture can stable the currencies in philippines.
    Btw i hate to say some politicians in province or municipality are corruption.
    In February i encounter flood my municipality and subsidiaries of people was corrupt by politicians imagine budget was 50m and corruption was hard as say.
    Btw LOCATION of corruption was - MINDANAO DAVAO DEL NORTE - MUNICIPALITY OF CARMEN AND all davao del norte.
    Shout out about the bridge of carmen - tuganay almost 4 years of complete and corrupt politicians f'k ur sweet talk next year election

  • @virgiliod.9436
    @virgiliod.9436 12 днів тому

    Just go into malls and supermarkets. The GDP may be rising but there are noticeably less people in malls and less lines in supermarkets. So it seems this growth is all fueled by debt. Life is hard now wait till you've got to pay all those debts.

    • @virgiliod.9436
      @virgiliod.9436 12 днів тому

      The Philippines has to attract more foreign investments but laws are preventing that.

    • @virgiliod.9436
      @virgiliod.9436 11 днів тому

      There is a reason why The Philippines' debt to GDP ratio should stay way below 60% because the Philippines has a unique economy that discourages direct foreign investments and encourages employment overseas. What the Philippines need is economic reform not more debt.

  • @invisiblesun6595
    @invisiblesun6595 4 місяці тому

    A weaker peso does NOT mean a bad economy. For starters OFW's remittances will be worth FAR more than usual. Secondly, if peso were on par with the dollar that would actually make life there for everyone WORSE. You see illegals flooding the US to get jobs for those US bucks? They could just go to the philippines instead and take trike jobs and jeepney jobs and call center jobs. And get paid in pesos worth the US dollar. And I don't think you would like that at all.

  • @reelando2x29
    @reelando2x29 4 місяці тому

    Why is the British Pounds much higher than Dollars if the $ was supposed to be the strongest currency?

    • @blockchain1017
      @blockchain1017 4 місяці тому +3

      the supply of money is different you compare apples to oranges

    • @bepitan
      @bepitan 4 місяці тому +4

      historically it has always been higher ..you cannot compare currencies on a 1 to 1 basis as many countries have endured hyperinflation sometime in their past.

    • @jhonnypusong6906
      @jhonnypusong6906 4 місяці тому

      U.K. is more reserve and one of the financial hub in the
      World( banking and finance).
      ( Switzerland New York Luxembourg Belgium)
      Our economy is unstable but controlled.
      Our exports is more than the imports,
      =58 % exports ( high skilled professionals labours, industrial products equipments electronics computers high quality education universities for foreign students
      Cattle dairy fish oil minerals)
      =42% imports ( cheap agricultural products from abroad fruits vegetables and Cheap processed products cheap foreign Labour cheap raw materials minerals and oils).
      We don’t need or use dollar to buy import products.
      A barter trade
      For example A oil from Middle East
      Exchange with high quality of foods.
      What you can do the oil if you don’t have a high quality materials equipments vehicles boats electronics and healthy delicious foods.
      We have oil here but we need more oil, 44 millions vehicles running everyday.

  • @Condell-CO2
    @Condell-CO2 4 місяці тому

    Confidence of our Peso is low because of our all out government corruption, fix that and Peso will be great again.

  • @egutz1405
    @egutz1405 4 місяці тому

    Maybe the Philippines must be wise for an example, Philippines must move to another rich country like Japan and open its account in Asian Bank.
    There's a lot of rich country near the Philippines.That's why i'm heesitant to globalization.

  • @Jim-nt7xy
    @Jim-nt7xy 4 місяці тому +1

    $ goes farther for boom-boom and love long time.

  • @Ronin13881
    @Ronin13881 4 місяці тому +7

    time to join BRICS and ditch USD

    • @phoenix5054
      @phoenix5054 4 місяці тому

      BRICS are worse. How did the Ruble, Reminbi, and Rand fared against the USD?

    • @steveng1413
      @steveng1413 4 місяці тому +1

      Brics will never accept phillipines, haha

    • @la4828
      @la4828 4 місяці тому +1

      Philippines had a long longgggggg withstanding international agreement with the USA in terms of it socio-economic relationship, way back when the first Marcos was the president. The $$$ talked and talks.
      Philippines pulling itself away from the US is NEVER going to happen.

    • @Ronin13881
      @Ronin13881 4 місяці тому +1

      @monipenny408 haha, so true. And sad.

    • @rickbold9337
      @rickbold9337 4 місяці тому

      @@steveng1413they would except anyone. They are all loser countries with poor economies

  • @monsourtecson4582
    @monsourtecson4582 3 місяці тому

    This is fake news. I ordered the current administration in fighting inflation they knew the measures with it, and leverage our geography in fulfilling the energy demands in increase our GDP, and help top contributing regions distribute the GDP generation.

  • @carusmike
    @carusmike 4 місяці тому +1

    A country with a priority of the begging bowl is not in a good place. Like many, i continually contribute to that begging bowl. The standard of education and business standards is absolutely disgraceful. Its a consequence of reliance on the begging bowl.

  • @JeanAriesM
    @JeanAriesM 4 місяці тому

    Good for Filipinos Overseas Workers..

  • @bepitan
    @bepitan 4 місяці тому +1

    i think this guy is getting muddled up at the end by suddenly talking about the benefits of a strong peso .. its not strong.

  • @corazoncadavero6960
    @corazoncadavero6960 4 місяці тому

    I’m a Filipina in New Zealand,I’m happy when the peso is weak .The money I send goes a long way.

    • @Figures14
      @Figures14 4 місяці тому +2

      YOU only OFW happy,but us not happy, because there is no value now, more poverty, and inflation gonna strike

    • @UNKNOWN-un6nz
      @UNKNOWN-un6nz 4 місяці тому

      but spend new zealand money over deer

    • @concepciondental7953
      @concepciondental7953 4 місяці тому

      Is that your only reason why you are happy! What a lame reasoning.

    • @gregmasters8558
      @gregmasters8558 4 місяці тому

      ​@@concepciondental7953 the locals are going to need to adjust to survive. More filipinos should consider tech jobs and abandon being comfortable with just labor jobs. We need more skilled tech filipinos not security guards and tambays.

  • @matthewyee407
    @matthewyee407 4 місяці тому +1

    Why do the Phillippines have to worry. They have the USA backing them both military and economicially.

  • @hontiveros1445
    @hontiveros1445 4 місяці тому

    dollar is overvalue, if dollar become too expensive then other investor or bussinessman will find capital to other currency.

    • @phoenix5054
      @phoenix5054 4 місяці тому

      WTF are you talking about? Why would any businessman ever hold a currency that keeps going down in value?

    • @dennisjasonbago3659
      @dennisjasonbago3659 4 місяці тому

      be careful. remember that the USD is much attractive because of interest rates. Political stability and economy. it all has to do with inflation. if inflation goes up. the monetary policy of the central bank will keep its monetary policy or may go hawkish. but this in turn would result in a economic slowdown. if there are signs that inflation is going down. the central bank may start giving signs that they may go from hawkish to dovish stand in the monetary policy based on their speeches. but they could not just cut interest whiteout clear confidence that inflation is staring to go down. check CPI, MPI, unemployment change, job openings and housing sales etc.

    • @hontiveros1445
      @hontiveros1445 4 місяці тому

      @@dennisjasonbago3659 i mean if im just simple entrepenuer and wants materials to make product then where i will find it? i will not buy materials that cost too expensive like USD so ill go for more cheaper currency i can buy . and USA is not stable as you think . political and geopolitical USA is on red status look at their population they are shrinking and high skilled workers are leaving . Powerful countries like China and russia and others are collaborating to find other currency to hold. If another depression come then USA is fcked

    • @dennisjasonbago3659
      @dennisjasonbago3659 4 місяці тому

      @@hontiveros1445 not to me. been on forex trading for quite some time and we forex traders always observe the economic outlook of each currency. I would say USD is still an attractive currency. and their economic outlook and interest rate looks good compared to other currencies. learn forex and you will get it. not propaganda

  • @JuanHernandez-bd1un
    @JuanHernandez-bd1un 3 місяці тому

    A country who has weak economy and weak govt. cannot attract foreign investor.

    • @rainieresguerra6519
      @rainieresguerra6519 13 днів тому

      Ogag. Lagpas 6% ang GDP growth ng Pilipinas. Pinupuri ng IMF, WB at ADB maging ng mga pinuno ng iba't ibang Bansa.

  • @sallycapili8046
    @sallycapili8046 4 місяці тому +2

    Not only the peso. Every currency is dropping .

  • @willeisinga2089
    @willeisinga2089 4 місяці тому +1

    Never heard of Phillipine Peso. Where is that???

  • @ElizabethJobe
    @ElizabethJobe 3 місяці тому

    Hopefully not

  • @steveng1413
    @steveng1413 4 місяці тому +1

    Peso will soon spiral downward even if US interest rate drop as no one want the pesos. The phillipines economy is in decline from now onwards due to geo political reasons.

  • @philipmariano1134
    @philipmariano1134 4 місяці тому

    Bakit bumaksak ang peso , dahil ba sa sigalot ng West Phil Sea, at sa pangigipit ng China sa Pinas, kaya tuloy umalis mga investsitor at sarı Şari saring problem ang mga nangyayari sa Adm. na tata kot sila ,o iyan ba ang dahilan kaya bumababa ang peso vs Dollars, sa mgayon.

    • @AndrewAcabu
      @AndrewAcabu 4 місяці тому

      China lang talaga?..hai nako

    • @aliveBM
      @aliveBM 4 місяці тому

      Kasama yan, pero hindi yan ang dahilan. Na explain a nga na dahil mataas ang interest rates ng US at PH e

  • @onlinespecialpo8171
    @onlinespecialpo8171 3 місяці тому

    Not surprising, poor still want war,

  • @natividadwolff2369
    @natividadwolff2369 2 місяці тому

    Stop bullying Philippines

  • @helloworld040
    @helloworld040 4 місяці тому

    Stupid analysis overall. 1. US Dollar hiking interest rates ist not a sign of a strong economy it is more a sign of breaking economy due to rekord amount of debt.
    2. The ph peso rates hikes will infact break ph economy because of the balance of import cost and a slow down in real invest aka infrastructure.

    • @invisiblesun6595
      @invisiblesun6595 4 місяці тому

      US economy's actually doing great now. Interest rates are not historically that high, just higher than they've been for the last 20 years. Not to mention US gained two new NATO allies. Only ones crying about it are China and Russia.

  • @normanmendoza9555
    @normanmendoza9555 3 місяці тому

    It is called the BBM effect

  • @kickass7104
    @kickass7104 4 місяці тому

    😂😂😂 and they say dollar is gonna fall 😑😑😑

  • @resurrecciongabriel1325
    @resurrecciongabriel1325 3 місяці тому

    Yes otis economy is in big danger

  • @andrekhoury6252
    @andrekhoury6252 2 місяці тому

    wirh 264.49 billion dollars debt , yes ph wont crash 😂

  • @georgelopera6290
    @georgelopera6290 4 місяці тому +2

    In simple words the Philippines is doomed! The debt will go high and peso cannot be recovered anymore, because the reality is we don't have export goods but we import goods so goodbye peso !

    • @randomviralvideos5110
      @randomviralvideos5110 4 місяці тому +2

      lmao, peso is not even that weak and besides most philippine debt are local it means in peso xD only 30% is international.. and with our reserved, specially gold reserved, gold is getting higher and now in its all time high so basically nothing really change, the peso still remains balance. We import or export, but ofc i wish we will open our economy already to the world and let them inviest here so we can create more goods for our consumer so we do not need to import but export. So all along PBBM is still a best economist.

  • @jesserey-f8t
    @jesserey-f8t 4 місяці тому +1

    The Philippines is a service oriented economy mostly, so it is not much of a concern for those Filipinos earning USD.

    • @randomviralvideos5110
      @randomviralvideos5110 4 місяці тому +1

      That is why Philippines is still in balance, with the OFW, GOLD RESERVED, and our IMPORT and Services, we are still on the right track.

  • @walterrumohr7090
    @walterrumohr7090 3 місяці тому

    How much are you paid for giving BS info.

  • @dhen-marccastillon923
    @dhen-marccastillon923 4 місяці тому +1

    FRAU MARLISA AHL SA BERLIN GANINA DILI KO KAHIMO OG MARKETING DAX SA BERLIN HINAOG KARON MAKAHIMO KO OG DAX TANAN SA BERLIN SIEMENS DAX GERMANY DAX TESLA NASDAQ DAX US DAX SEA DAX MAONI AKUNG GIHIMO KADA ADLAW GABII SA BERLIN🎉🎉🎉🎉🎉🎉🎉🎉

  • @markGarcia-xz8vb
    @markGarcia-xz8vb 4 місяці тому

    That's why no one is watching your video that much cause you are feeding lies right?

  • @TataDaling-f4u
    @TataDaling-f4u 3 місяці тому

    Marcos is weak

  • @carusmike
    @carusmike 4 місяці тому

    This is a poor video

  • @PutraMing
    @PutraMing 3 місяці тому

    😂😂😂Who cares

  • @packohub1145
    @packohub1145 4 місяці тому +3

    Thanks to BANGAG..

    • @giripog28
      @giripog28 4 місяці тому +5

      0:26 ddshit

    • @crispinjr.sevilla157
      @crispinjr.sevilla157 4 місяці тому +6

      Kong walang alam wag nalang mag comment nakakahiya Lang kayu. Mag aral ka muna ulit. Tapos balik ka dito. Kay sa maninisi ng iba na wala namang kaugnayan sa nang yayari 😅😅😅

    • @SlimjimMK11
      @SlimjimMK11 4 місяці тому +2

      You must be a davao supporter..
      Did FIONA get her P250 million yet??

    • @pratt88
      @pratt88 4 місяці тому

      Mostly na mga DDS illiterates. Kaya ang hirap makipag argument sa kanila kasi ang reasons nila baseless tapos pag nag explain ka naman na base sa facts hindi parin nila maintindihan kase wala silang alam about sa mga technicalities ng mga problema sa bansa.

    • @BadIdeaRight5
      @BadIdeaRight5 4 місяці тому

      Oo nga nag sayang ng 6 yrs mga dd💩 grabi binagsak ng economic data natin durung his term

  • @esmeraldoalgabre6019
    @esmeraldoalgabre6019 4 місяці тому +1

    Wrong analysis for me why the dollar they try to looked stronger because new currencies is coming BRICS currency that the end of the dollar

    • @raygart1233
      @raygart1233 4 місяці тому

      Brics will fail because Chinese yuan is dropping low

    • @phoenix5054
      @phoenix5054 4 місяці тому

      ​@@raygart1233It's cute how stupid people think the BRICS is going to amount to anything. It's only a priority for Russia because they are butthurt enough that their money is frozen after trying to invade another country.

  • @Songcompiler
    @Songcompiler 3 місяці тому

    1 dollar to 47 are you joking you AI it never reached that level

  • @TEARIKITAVAI
    @TEARIKITAVAI 3 місяці тому

    AND IT WILL MAKE PHILLIPINES MORE POOREST THAN IT IS AND THANKS TO AMERICAN DOLLARS TO MAKE IT FASTER INTO THE ABYSS 😅😅😅😅

  • @ermitanyoed4185
    @ermitanyoed4185 4 місяці тому

    You dont live in the phil; no knowledge what's happening in our country

  • @efrenevardo1500
    @efrenevardo1500 3 місяці тому

    Ito ang dahilan bakit naging alipin sa ibang bansa ang mga pilipino maturing na isang pambubli ito