Friday, September 12, 2008

Finally, GOOD NEWS!

thoughts of MiLeT @ Friday, September 12, 2008
After what seems like to be endless oil price hike finally, the big three oil companies are one by one declaring a roll back. Last night during the nighttime news, they reported a Php 2.00 rollback. That's really good news!

In addition to that, the value of dollar kept rising. I know, I know, I shouldn't be rejoicing because devaluation of our peso badly affects our economy. But for a household who depends on remittances I cannot help but be happy.

Imagine the difference it makes. When the husband left for Kuwait, the exchange rate is $1 = Php 50. Then it went down to $1 = Php 45. Last night its $1 = Php 47. Although it might not sound good I was hoping that the dollar value would go back to Php 50. And I think many would agree would me. Because even if there was a time the value of peso went up we never noticed that the economy got better.

3 comments:

ARCHITECT on September 12, 2008 1:02 PM said...

i have an award for you here http://sweetprettynaughty.blogspot.com/2008/09/shelf-full-of-awards.html

ARCHITECT on September 12, 2008 4:37 PM said...

thank you so much! got it! I'll be posting the books and receipt on my blog. I'll label the books Shared by Anevay..

~ Mhay ~ on September 12, 2008 8:49 PM said...

Sis, I definitely agree! wala naman talagang effect sa economy natin kahit pa bumaba yung dollar. At happy tau talaga sa good new na ito :D

 

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