Jose Ceralde
11 Dec 2007

 

 

Mr. Ramos,

You go from Mr. K’s view in your posted article about his criticism of the dollar being unpegged from the gold to find its open market value.

Then in your latest posting, you go to the extreme with Mr. Soros the king of currency speculators who find all sorts of ways to find weakness in the market using his almighty dollar.

Here is one article from AsiaWeek about your new idol, ” In 1997, during the Asian financial crisis, then Malaysian Prime Minister Mahathir bin Mohamad accused Soros of using the wealth under his control to punish ASEAN for welcoming Myanmar as a member. Later, he called Soros a moron. Thai nationals have called Soros “an economic war criminal” who “sucks the blood from the people”.

So which view do you want to enlighten us now the first or the second?

The Philippines with its rising Peso should read up what happen to the almighty Yen. In 1990 a collapse in Japanese real estate caused a 50% fall in the Tokyo stock market and 15 years of economic stagnation … the strong Japanese yen played in bringing down Japan’s stock market and red-hot economy. After the Plaza Accord in 1985, Tokyo stopped suppressing the yen and it rose 80% versus the dollar within three years … The Japanese Nikkei 225 peaked at 38,915 on the last trading day of 1989. Today it is at 16,500, still down 57.6%, almost 18 years later.

What is the parallel here is the Philippine real estate market is hot with OFW and Filipinos worldwide pouring in their dollars.

The Peso strengthens and the government is cheering on. But like Japan our exports might collapse with countries not able to adjust to our Peso new found value and buy alternative products.

Look at the average OFW with his contract income of 350 dollars, do you think he/she could still pay his home that jumps 50 dollars with the peso appreciation?

John Bolinas
11 Dec 2007

 

 

Mangoes are also in demand in Canada. So far, dried mangoes from Cebu inundate the grocery stores all over Ontario. I believe it has reached Alberta, Vancouver and even the maritime regions of Canada.

Why not bring our own Pangasinan mangoes in North America. I have mentioned many years ago about exporting other products from Pangasinan.

For the information of everyone, even fresh malunggay are available here. Also, frozen saluyot or jute leaves, katuray flowers, bitter melon leaves, kamias and many more.

We have lots of products to export. Dried tomatoes are also exportable just like the vegetables that I have mentioned. If there is huge glut of tomatoes, farmers can sun dry those and look for an exporter/trader.

Jeremias Andrade Carrera
11 Dec 2007

 

 

MANGOES FROM PANGASINAN APPROVED FOR EXPORT TO USA:

This is one of the best things to happen for our kabaleyans.

Mangoes from Guimaras which are smaller than Pangasinan’s sells for $2.50 to $3.00 apiece here in Guam.

More information should be disseminated to the public about the rules, regulations, process and procedures to be followed by our kabaleyans in caring for and exporting their mango produce by themselves so that they will not be solely dependent on the middlemen or be subjected to “Exploitative traders”.

“Farm to market roads” which Speaker JDV always wants to fund should be a top priority program especially for the Governor to really help our farmers and the Airport site for Santa Barbara ca be of better use (economically and environmentally) for mango plantation.

I wonder if the Governor was aware of the impending approval by the USDA and forgot to mention it to our kabaleyans in the USA as one potential investment since most of them are not “Millionaires” in dollars, although they can invest as a group to build the Governor’s “Mapandan fruit and vegetable processing plant project ” which is a MUST for Pangasinan.

I pity those farmers who just leave their produce along the road shoulders when they can not sell it anymore and there is no other alternative except to waste.

The extension of the North Expressway to Pangasinan must therefore be a higher priority over the numerous airport projects in Pangasinan.

I salute all those officials, businessmen, and the USDA personnel who were instrumental in the approval.