Tuesday, January 11, 2005

tsunami's effect on the peso (PHP) valuation

After the flood and mudslide in Quezon, the Philippines was spared the destruction of tsunami. Yet, the PHP depreciated inspite of weakening USD.
Filipinos in the Philippines must be creatively self-reliant, humbly frugal and courageously take calculated risk.
Philippine law makers must reduce taxes, reduce tariffs, reduce business regulations - best formula for happiness, prosperity and salvation from the pangs of lower expectations of prosperity.

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