#1

as they thought they would.

in Diskussionen Allgemein über die Kryptowelt 24.12.2018 08:31
von xuezhiqian123 • 774 Beiträge | 1548 Punkte

by Alito L. Malinao


MANILA [url=http://www.teamnflseahawksshop.com/women-rashaad-penny-jersey/]Rashaad Penny Authentic Jersey[/url] , Aug. 25 (Xinhua) -- While the weakening of the Philippine peso, the local currency, is a negative economic indicator, it also has beneficial effects on the Philippine economy, according to economic analysts here.


"My estimate is that about 75 percent of the economy will benefit from a weaker peso [url=http://www.teamnflseahawksshop.com/women-frank-clark-jersey/]Frank Clark Jersey[/url] ," economist Victor Abola of the University of Asia and the Pacific told the local media on Monday.


On Monday's trading, the peso reached a low of 46.845 pesos to 1 U.S. dollar after opening at 46.70 pesos to 1 U.S. dollar. This was the weakest exchange rate of the Philippine peso in five years.


Along with the depreciation of the peso, the Philippine Stock Exchange index (PSEi) also fell 487.97 points on Monday -- the biggest decline in a single day in absolute terms -- to close at 6, 791.01. This reversed the PSEi's remaining gains, resulting in a year-to-date loss of 6 percent.


In a press briefing [url=http://www.teamnflseahawksshop.com/women-rees-odhiambo-jersey/]Rees Odhiambo Jersey[/url] , PSE president Hans Sicat said this heightened volatility started with the fall of the Chinese yuan two weeks ago alongside the slump in commodity prices, particularly base commodities and oil.


In terms of percentage decline, the local stock market had seen worst single-day drops in previous years. The PSEi saw a similar pace of decline -- 442.57 points, or 6.75 percent -- on June 13, 2013 [url=http://www.teamnflseahawksshop.com/women-jarran-reed-jersey/]Jarran Reed Jersey[/url] , during the first episode of the "taper tantrum" when the U.S. Federal Reserve first hinted at the tapering of its aggressive monetary stimulus.


On the peso's depreciation, Abola said that a weak Philippine peso would benefit two sectors of the economy: the overseas Filipino workers (OFWs) and exporters of Philippine products who earn foreign exchange since this will greatly boost the peso equivalent of their foreign exchange earnings.


For the whole of 2014, remittances from OFWs rose by 5.8 percent to a record 24.31 billion U.S. dollars.


There are about 12 million OFWs, mostly working in Middle East and Gulf countries, making the Philippines one of the world's top labor exporters.


Remittances from OFWs reached the equivalent of 8.5 percent of gross domestic product (GDP) in 2014. These cash transfers are seen as a strong driver for consumer spending that makes up two- thirds of domestic output.


It also forms the biggest component of the economy's current- account surplus [url=http://www.teamnflseahawksshop.com/women-germain-ifedi-jersey/]Germain Ifedi Jersey[/url] , or a summary of all recurring forms of foreign exchange income for the country. This surplus ensures the steady supply of dollars in the economy to cover the money needed to pay for imports.


Local firms that compete with multinationals would also be able to better compete with a weaker currency.


"When the peso becomes more competitive, it also boosts the performance of local non-exporting companies because it eases competition from imported alternatives," Bank of the Philippine Islands economist Emilio Neri Jr. was quoted as saying Monday.


As the cost of imported goods goes up, local products become more affordable to Filipino consumers. "The stronger the peso, the more we flood the local market with imported products that would have otherwise generated profit and jobs to a lot of Filipinos [url=http://www.teamnflseahawksshop.com/women-tedric-thompson-jersey/]Tedric Thompson Jersey[/url] ," Neri said.


Exporters also welcomed the weakening of the Philippine peso, noting this will benefit specifically job-generating industries with rising market demand, thus making the economy more competitive.


Sergio Ortiz-Luis, president of Philippine Exporters Confederation Inc. said that with the depreciation of the peso, the Philippines can catch up with their peers in the region and help the Philippines become more competitive with its export- oriented neighbors.


Ortiz-Luis pointed out that 11 "champion industries" identified in the Philippine Export Development Plan (PEDP) 2014-2016 are expected to benefit from currency depreciation.


In a statement [url=http://www.teamnflseahawksshop.com/women-amara-darboh-jersey/]Amara Darboh Jersey[/url] , Governor Amando Tetangco of the Bangko Sentral ng Pilipinas (BSP), the country's central bank, said the BSP would "carefully provide liquidity in the market should the exchange rate volatilities become excessive."


Tetangco, however, added that at present [url=http://www.teamnflseahawksshop.com/women-nazair-jones-jersey/]Nazair Jones Jersey[/url] , there is no need for any aggressive intervention.


The BSP maintains a flexible policy for the peso but reserves the right to intervene occasionally to keep spikes in check.

Breeding, knowledge, and high-quality horse tack can land you and your steed at some of the biggest shows in the country. Competing with top Hunter and Equitation horses and riders while simultaneously perfecting your riding, style and form in the show ring is no easy task. And the fact is, a lot of riders come out of the ring empty handed or wonder why they did not pin as high as they thought they would.

The Judges

Judges must watch a large number of horses and riders [url=http://www.teamnflseahawksshop.com/women-delano-hill-jersey/]Delano Hill Jersey[/url] , paying attention to every move they make and in most cases, there is one judge for each ring at a horse show. Every judge sees and looks for something different. Depending on the judge’s view, they could have seen a mistake or not seen a mistake at all. Sometimes there can be three or more judges at different places around the arena that score the same course so that it is judged fairly.

Each judge sees the jumps from different angles so there are also several different scores in, for example, a hunter derby. All the judges scores are then added up to make one final score. And since they only have about two minutes to watch and score a horse or rider [url=http://www.teamnflseahawksshop.com/women-shaquill-griffin-jersey/]Shaquill Griffin Jersey[/url] , Judges must have a good eye and know what certain qualities to look for in the show ring.

There is a difference between each discipline of riding and judges follow specific guidelines and standards to score riders. Additionally, each judge has their own criteria of what they are looking for in a discipline of riding and they tend to score based what they like in a horse or rider. A fair judge will try to evaluate all of these factors simultaneously as the riders take t. [url=http://www.cheapnfljerseysfreeshipping.com/]Cheap Wholesale Jerseys[/url] [url=http://www.cheapnflauthenticjerseysshop.com/]Cheap Jerseys From China[/url] [url=http://www.cheapnewjerseyschina.com/]Cheap Jerseys China[/url] [url=http://www.cheapjerseysnflfromchina.com/]Cheap NFL Jerseys From China[/url] [url=http://www.cheapcustomnfljerseys.com/]Cheap NFL Jerseys Wholesale[/url] [url=http://www.cheapauthenticsportsjerseys.com/]Cheap NFL Jerseys[/url] [url=http://www.cheapreplicajerseys.com/]Cheap NFL Jerseys Wholesale[/url] [url=http://www.cheapsoccersportsjerseys.us.com/]Cheap Soccer Jerseys[/url] [url=http://www.cheapnhlsportsjerseys.us.com/]Cheap Hockey Jerseys Wholesale[/url] [url=http://www.cheapnflsportsshop.us.com/]Cheap Nike NFL Jerseys[/url]


nach oben springen


Besucher
0 Mitglieder und 9 Gäste sind Online

Wir begrüßen unser neuestes Mitglied: hardboostxl
Forum Statistiken
Das Forum hat 2841 Themen und 3036 Beiträge.

Xobor Forum Software von Xobor.de
Einfach ein Forum erstellen