Forum Support Old55 Posted November 10, 2011 Forum Support Posted November 10, 2011 Has this to do with the Japanese earthquake and flooding in Thailand or the overall world economy? It would be nice to see more jobs in Philippines.http://www.philstar.com/Article.aspx?articleId=746628&publicationSubCategoryId=200 Link to comment Share on other sites More sharing options...
Garpo Posted November 10, 2011 Posted November 10, 2011 Exports to China and the United States were also down for the Philippines, so it is more than just the earthquake in Japan. Japan is the largest importer of Philippines exports but China and the United States are 2nd and 3rd. My honest opinion is that we are just seeing the beginnings of a global financial crisis. Link to comment Share on other sites More sharing options...
Forum Support Old55 Posted November 11, 2011 Author Forum Support Posted November 11, 2011 Nov. 11 (Bloomberg) -- The Philippine peso declined for a second week as the outlook for economic growth dimmed following a report that showed exports contracted. Bonds gained.The peso declined 0.9 percent this week to 43.28 per dollar at the close in Manila, according to Tullett Prebon Plc. It rose 0.2 percent today. Ayes predicted the currency will weaken to 43.50 by year-end.From a selfish standpoint this is good news but how will it affect my Filipino friends and family? Link to comment Share on other sites More sharing options...
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