Thursday, October 19, 2006

Ph peso gaining strength!

From Bloomberg today...
The peso has strengthened 5.2 percent in the past three months, making it the second-best performer among the 15 Asia- Pacific currencies tracked by Bloomberg. A gain in the currency makes goods more expensive abroad compared with regional rivals. Exports helped the economy grow at the fastest pace in a year in the second quarter.

However, central bank and high government officials intervened again... ay, pastilan!
Less government intrusion, less taxes, less regulation for all Filipinos!!!

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