Well, the US is an important market, even to my business, so it's a good thing to read this news today. It's actually very important that Americans spend and spend a lot, since they serve as impetus for exporters like me to earn in dollars and help my own country. I hope Obama continues with his economic policies to make his countrymen spend like they used to.
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Showing posts with label Pinoy Business. Show all posts
Showing posts with label Pinoy Business. Show all posts
Sunday, December 11, 2011
Saturday, August 6, 2011
Is It Now Going to Be the Century of the Yuan
The Philippine peso has been pegged on the US dollar ever since I can remember and even our lowly peso is stronger than it! Imagine that. It's just irritating because my own business has pegged itself on the dollar and a weak dollar is not good news for us. Talk now is shifting to the Chinese yuan and for it to take a more centerstage position in the world economy. Is it time for us to stock on the yuan then?
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