Why The Philippines Has So Much Foreign Reserves
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- Опубликовано: 6 июн 2024
- #philippines #economy
The Philippines holds significant foreign reserves, amounting to approximately $108 billion as of 2021, according to the World Bank. Despite debates about the adequacy of this amount compared to countries like Japan or Thailand, these reserves play a crucial role in maintaining economic stability and supporting growth. Key contributors include remittances from overseas Filipino workers and the booming business process outsourcing (BPO) industry. These reserves help the Philippines cover its imports and manage foreign debts effectively, ensuring economic security. Understanding the broader economic landscape reveals the resilience and strategic positioning of the Philippines' foreign reserves.
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The economic framework and management structure. Great job beloved Philippines 🇵🇭 and us, the hardworking OFWs. ❤️🙏🇵🇭
Its because of the remittances from ofw
Jealous. Chinese people have no clue working abroad and have no jobs locally.
Not only that booming bpo
Lahat ng transaksyon involving dollar transaksyon. Pati exports at sweldo ng mga call center agents
@leapdrive if the war egnite, china Vs Philippines...economy of the world will be shutting down🤣
The reason is this figure.
Over 12 millions working in different countries, households,skills,manufacturing labor, seaferer, nurse.
Philippines invade the world's through labor force.🤣
hindi po talagang meron pang iba
Thanks to OFWS, BPO and export...
Actually, thanks to the economic managers starting with Cory's term all the way to Pnoy's term. Imagine we were already bankrupt back in 1986 coz we ran out of Dollars to pay the interest rate on the elder Marcos foreign debt. Kulang na lang magmakaawa si Cory sa mga foreign banks during the Structural Adjustment Loan negotiations with the IMF/WB. Kasabay natin ang Argentina na nakipag negotiate din ng utang nila. Pero tingnan mo ang Argentina ngayon 100% inflation rate nila at ilang beses na silang nag default sa utang nila. In addition, BPOs were largely developed starting with GMA's term. Our building boom is also largely attributed to the office space demand from the BPO sector.
@@asyongmatipid2 more blessings to us Filipinos 🙏 and the Philippines. We still need to work harder 💪
Thank you for such insightful and engaging information of our country's foreign reserves! God bless you. God bless our Pres. F. R. Marcos, Jr., our country and our citizens! Amen! 🇵🇭🙏🏻👏🎉✝️🕎⭐️❤️
Filipinos are Lucky people for having PBBRMJr, God Bless Us All
Highlighted by innovation and global collaboration, the Philippine semiconductor industry is slated for further growth as it positions to become a global hub. The Philippine Semiconductor Industry is expected to grow 10-15% annually from 2024-2027, aligning with the global demand for semiconductors and electronics
Nice job Phillipines. Well done well done 👍👍👍👍👍👍👍👍👍👍👍👍👍👍
YES, YOU ARE TELLING THE TRUTH. PHILIPPINES IS A RICH COUNTRY. AS LONG AS THE GOVERNMENT OFFICIALS WILL MANAGE PROPERLY AND STOP CORRUPTION. PHILIPPINES WILL BECOME THE RICHES COUNTRY IN THE WORLD, IF THE GOVERNMENT OFFICIALS WILL COOPERATE EACH OTHER AND BE HONEST TO THEIR POSITION.
The Philippines must diversify 50-75% of its dollar reserved now into TANGIBLE assets as safe heaven for economic ties. If not it will have a big impact on its economy because more and more countries are moving away from the US dollar. The Saudi Arabia decision not to renew a 50-year petro-dollar deal that ended this June 9, 2024 with the USA is alarming and must be taken seriously by the Philippines financial institution. Considering also the US 32Trillion debt with 1$Trillion interest in every 100 days.
Kung mdami tayong foreign reserve bkt kailangan p mangutang ng trillion? Bkt di nila umpisahan bumili ng pangdepensa sa gyera?
If the government officials possess the moral legitimacy to effect meaningful change in the lives of the Filipino populace, the nation's economy would be comparable to that of its neighboring countries.
PH is heaven on earth for rich Filipinos only & not for foreigners to invest & settle foreigners in PH can't own properties full business ownership have very limited rights & many are deported foreigners can be naturalized PH citizens if born & raised in PH like the main shareholder of BPI & owner of malls the prominent Spanish Ayala family which is not the case of newcomers
Acclaimed 7000 Tons of GOLD deposit + RP Belgian USD 900 + Billion deposit + OFW , nations Cash Cow = Almighty USD Reserved
I haven't a bit idea where did our government has a reserve funds?😂
😂😂😂😂😂😂 bwahahahahahahaha
Then ask the president. Hindi naman siguro mahirap magtanong at masasagot ka naman siguro ni PBBM
lol magaling ang dating nagdala ng bps, kahit papano. Mas malaki utang ng pilipinas sa pilipinas not like other country na mas malaki ang utang nilang USD. Kya di dihado ang ating bansa kahit pa mag taas ang USD. Kulang lang natin is we do not have OIL at dapat palakasin ang agriculture natin so we can provide food for the filipino and can export more goods. Djan pagkakaiba ng pilipinas sa ibang bansa.
@@randomviralvideos5110Marami tayong Oil Reserve Hindi lang na A Untapped dahil kung Mamumuhunan Ang Mag Babarena ng langis Dito May hatian na 60/40 Kaya hindi matuloy² Ang oil Exploration sa Bansa.
Hehe, sa ating BPO industry, export and OFWS remittances.
Baka sabihin nyo na nmn tallano gold mga tan-ge, ofws ang reserve ng pilipinas oi
Ginto talaga nakadeposit since 1945 sa w.bank.google mo punta ka ng wiki
thailand has 65% debt to gdp ratio while philippines 60%.
A lot of reserves Bec it is not feeding the country well and that’s why very poor. Not being use for the Filipino. Save it as a reserve forever while pinoys are dying. Just keep it there and don’t touch it.
That dollar reserve will go down the rabbit hole as the world is dedollarizing 😂
Truly
Philippines over 12 millions including B.P.O permanent exports human called
O.F.W😂😂😂😂 these exports is forever🤣🤣🤣
It’s not funny. It is quietly being envied by other Asian countries.
Excuse me hindi lang Pilipino ang nagtatrabaho abroad ang diperensiya lang ay may mga household workers. Kung kailan ay professionals lang naman ang trabahador nila abroad.
@@leapdrive if the war egnite, china Vs Philippines...economy of the world will be shutting down🤣
The reason is this figure.
Over 12 millions working in different countries, households,skills,manufacturing labor, seaferer, nurse.
Philippines invade the world's through labor force.🤣
@@maggieeugenio9848 , fix your Tagalog, China troll.
wow, ini export man tayo sa ibang bansa di hamak na malaki tulong un di lang sa pamilya ng kababayan natin pati ng gobyerno. We have less international debt more on local debt. At blame mo un dating admin na panay hamod ng pwet ni xi jing jing. lol
STAY TUNED SUCKS.
It's not remmitance ! But treasury notes issued by feds dated 1932-34 ; don't decieve the pilipinos