Philippine Peso is Going Strong

The Philippine peso is going strong.

Philippine Peso

Philippine Peso vs US Dollar (05 August - 01 November 2012)
Source: oanda.com

Is this a sign that the Philippine economy is going strong?

I have been listening to PNoys speeches overseas and he was boating about the increased confidence of foreign investors in the Philippines. He said that during the previous administration, the government is luring foreign investors but none was interested. This time, investors are lining up to put up investment in the Philippines.

If this is true, then so far so good. PNoy is doing right when it comes to his economic policies.

I noticed in his speeches however that he kept on comparing or pointing fingers to the previous administration. He consider his administration accomplishment as always relative. This is not far from what his mother has done during her term. There is always a finger pointing to Marcos as the culprit.

If PNoys is truly sincere, he should stop pointing fingers. If he wants to prosecute those who have done wrong in the previous administration, then so be it. But don't use it as a leverage for what he will be doing.

IMHO, instead of blaming the previous administration, he should get out of his comfort zone and be creative to keep the Philippine economy and security stable. No more finger pointing please, just do it!

About the Author

Ver Pangonilo
A Filipino Engineer, Registered Professional Engineer of Queensland (RPEQ) - Australia and Professional Electrical Engineer (PEE) - Philippines with extensive experience in concept select, front-end engineering, HV & LV detail design, construction and commissioning of Hazardous and Non-Hazardous Area electrical installations in water and waste water pipeline and pumping facilities, offshore platforms, hydrocarbon process plants and pipelines including related facilities. Hazardous area classification and design certification (UEENEEM015B, UEENEEM016B, UEENEEM017B).
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