I share the optimism of the business community in the Philippines for 2008. But I wish the Peso will not get stronger as it already is, i.e. 41:1$. Indications, at least in agriculture is good (at least in Visayas and Mindanao where no strong typhoon hit these areas recently, and copra prices are at its highest of 26-29 pesos per kilo). Also, interest rates are expected to be at its lowest -which would led to more investments.
On the news today (PDI by Doris Dumlao):
THE GOVERNMENT'S inter-agency Development Budget Coordination Committee sees an interest rate range of 3.5 to 4.5 percent this year based on the benchmark 91-day Treasury bill rate, citing uncertainties in global finance.
DBCC documents showed that the assumed path of the 91-day T-bill--used by banks as a benchmark in pricing loans--still implied a positive real interest rate of 0.5 percent, given the inflation rate forecast of 3 to 4 percent for this year.
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This should be good news for businesses particularly SMEs.
On the news today (PDI by Doris Dumlao):
THE GOVERNMENT'S inter-agency Development Budget Coordination Committee sees an interest rate range of 3.5 to 4.5 percent this year based on the benchmark 91-day Treasury bill rate, citing uncertainties in global finance.
DBCC documents showed that the assumed path of the 91-day T-bill--used by banks as a benchmark in pricing loans--still implied a positive real interest rate of 0.5 percent, given the inflation rate forecast of 3 to 4 percent for this year.
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This should be good news for businesses particularly SMEs.
