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Expat Finances Archives - Page 5 of 8 - Cebu Focused Living In The Philippines - Cebu Focused Living In The Philippines
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Expat Finances Archives

Where Will The Dollar Go


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Peso to Dollar Exchange Rate Seems to be a lot of reasons for the dollar to rise against the Peso.  For one, it doesn’t matter how much money the US Federal Government pours into  the banks if the banks wont loan it out.  That is the central point of the current problems for the US…

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Philippine Economy and The Exchange Rate


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Philippine Exports see 41% Drop The Inquirer (a Philippine newspaper)  is reporting that exports feel 41% in January.   That is compared to a fall in  December of 40.4%.   Thus, the downward trend continued into 2009. It is believed that the Philippines will be unable to finish the year with positive net exports.  The forecasters believe…

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Philippine Economy and Expat Finances


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Overseas Filipino Workers Remittances Down ABS-CBN News is reporting that remittances are down sharply.  The Philippines economy gets a huge boost to its economy from Filipino that work overseas and send money back home to their relatives. The Philippines National Bank feels that remittances could fall as much as 9%.  A firm in Austria that…

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Inflation Falls In The Philippines

Bangko Sentral To Lower Interest Rates

Inflation fell to 7.1% in January 2009 down from 8% in December of 2008. There appears to be a continued trend of slowing inflation. The central bank of the Philippines, Bangko Sentral ng Philippines, seems to be signaling that it will again cut interest rates during its March 5th rate setting meeting. That is the same day that inflation figures for February will be released.

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Intel to Close Its Philippines Factory

Intel to Cut 3000 Philippine Jobs

Intel Plant Closings

Intel has announced it will be closing several plants around the world in an effort to reduce 5000 more jobs. The Intel facility near Manila saw its work force cut from 3000 to 1800 in November of 2008.

Intel plans to close several facilities in light of slipping demand. The facility in the Philippines is one of the older plants. It is about 20 years old.

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Philippines Experience: Basic Expat Training Manual

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