by YAJRN

LOL. I think the number of nursing students in the Phil. will decrease due to the rise of Information technology and stronger ICT markets that will be booming now.

The Peso appreciates in the market as well. Let's brace for the fact that it would become $1 = Php 40 sometime.

Nursing grads didn't end up to hospitals or even RN's can be found working in call centers. Therefore, who still wants to be a registered nurse in the Phi?

Re: Nursing course out --- ICT courses In the demand

A stronger Peso means a stronger Philippine economy. Let us hope that it will continue that way.

Re: Nursing course out --- ICT courses In the demand

Originally Posted by YAJRN

LOL. I think the number of nursing students in the Phil. will decrease due to the rise of Information technology and stronger ICT markets that will be booming now.

The Peso appreciates in the market as well. Let's brace for the fact that it would become $1 = Php 40 sometime.

Nursing grads didn't end up to hospitals or even RN's can be found working in call centers. Therefore, who still wants to be a registered nurse in the Phi?

You should know that majority of those taking up nursing doesn't aim working in the Phils but overseas. Yes, some of BSN graduate are currently employed in call centers but not for long term and for them to strengthen their English... (FYI TOEFL and IELTS are needed).

FYI again, the appreciation of Peso is not a basis for a strong economy. The value of Filipino products also depreciate if the rate becomes Php40. And do you know why the peso appreciates? It's because of the loans of Madam President. So if GMA is not the president anymore, the dollar will going to bloom maybe more than 70Pesos.

IT jobs? Do your research my friend and soon you will be shock to find out that a lot of Nursing 2nd courser are from IT related fields such as ComSci and ComEng.

Re: Nursing course out --- ICT courses In the demand

I used to worked with a multinational pharmaceutical company and some of our products were sourced from overseas because they can not be manufactured in the Philippines.

Everytime the dollar goes up, our company has to to increase our imported products because we need a lot of pesos in order to buy it from the head company.

In a sense, I rather have a stronger peso than a stronger dollar because in the end , it is the whole Filipino people who will benefit from this situation. Remember , alot of products from medicines, medical equipments, raw materials, chemicals to clothes and simple toys are imported. So a stronger peso means we spend less for these imported items. Getting foreign loans has nothing to do with a stronger peso if we have good economic managers running our country. Look at Thailand, their bath is stronger than our peso when in fact years ago our currency were on the same level this is because of good economic policies implemented by their government. And they too have foreign loans. I worked for several years in marketing so I know what I am talking.

Re: Nursing course out --- ICT courses In the demand

I tend to dissagree with this thread. Is being an IT grad can give you an immigrant visa going to the states? NO. America has lots of peolple to fill-in for their IT companies. Considering its "booming" here in the Phils, how much can an IT grad earn for say...4-5years of working for an IT company? Php20-30K a month? Would that be enough to live the life you really want? Can you put you're children to a reputable school (IT school?) with that earnings? NO.
Fact is, Philippine economy will be as it is for the next 10-20 years, or even longer, nomatter who will be our president is. There might be some improvements on the cost of living here and there, but we're not expecting any drastic change in our econmy in the near future. This means that the salary of an average employee here, IT included, will just still be enough to sustain until the third level (only) of the Maslow's heirarchy of needs.

Re: Nursing course out --- ICT courses In the demand

Originally Posted by Rep

I used to worked with a multinational pharmaceutical company and some of our products were sourced from overseas because they can not be manufactured in the Philippines.

Everytime the dollar goes up, our company has to to increase our imported products because we need a lot of pesos in order to buy it from the head company.

In a sense, I rather have a stronger peso than a stronger dollar because in the end , it is the whole Filipino people who will benefit from this situation. Remember , alot of products from medicines, medical equipments, raw materials, chemicals to clothes and simple toys are imported. So a stronger peso means we spend less for these imported items. Getting foreign loans has nothing to do with a stronger peso if we have good economic managers running our country. Look at Thailand, their bath is stronger than our peso when in fact years ago our currency were on the same level this is because of good economic policies implemented by their government. And they too have foreign loans. I worked for several years in marketing so I know what I am talking.

There's a big big difference between Marketing and Finance, you are the former and i am the latter. Getting foreign loans and put it in dollar reserve? What do you think will happen? Do you call it stronger peso?

Re: Nursing course out --- ICT courses In the demand

Originally Posted by BurstPurse

There's a big big difference between Marketing and Finance, you are the former and i am the latter. Getting foreign loans and put it in dollar reserve? What do you think will happen? Do you call it stronger peso?

I said I want a stronger Peso, getting a foreign loans to put it in reserve or used it to cover our deficits or used it for expenses since our government is cash strapped is not good and it makes an "artificial stronger peso."

In my original post, I said I am in favor of a stronger peso because it means we have a stronger and stable economy which is the result of a good economic policies of the government.

In other words I want a Stronger Peso because we have good Economic Policies in place and it iwll benefit the whole Filipino nation as a whole.

Even I am the former and you are the latter, when I said I worked in marketing means I am credible of what I say here instead instead of a nurse who just happened to read one issue of the Financial Times and think he knows everything.

I do not know everything but I am not ignorant of how the system works.

This is my standing. Peace man!

Re: Nursing course out --- ICT courses In the demand

Originally Posted by Rep

I said I want a stronger Peso, getting a foreign loans to put it in reserve or used it to cover our deficits or used it for expenses since our government is cash strapped is not good and it makes an "artificial stronger peso."

In my original post, I said I am in favor of a stronger peso because it means we have a stronger and stable economy which is the result of a good economic policies of the government.

In other words I want a Stronger Peso because we have good Economic Policies in place and it iwll benefit the whole Filipino nation as a whole.

Even I am the former and you are the latter, when I said I worked in marketing means I am credible of what I say here instead instead of a nurse who just happened to read one issue of the Financial Times and think he knows everything.

I do not know everything but I am not ignorant of how the system works.

This is my standing. Peace man!

I just want to add that the reason why I personally think that peso appreciates is because there's more dollar supply (either through remittances our number 1 dollar supplier). The basis of foreign exchange market is really supply and demand.

It also means that if there is low demand for dollars it implies that there is low manufacturing/production output because most of the raw materials are imported and paid in US dollar. This is not also good for the economy.
On the other hand, if peso depreciates (it means there's more demand for US dollars- causing it to increase against the peso), this can signal importing of products and greater manufacturing output.

Bottomline, companies want to hedge for the future and takes calculated risks by importing raw material items at good peso rate (i.e. when peso appreciates) but in the long run demand for US dollar will also drive it up.
And foreign loans is an artificial way to finance your reserves because it comes at a high price- remember your interest payments are also quoted at higher rate! The number one source of income of the banks is borrowings/loans.

In my opinion, the sound measure of country's economy is GNP/GDP and value of bank reserves.

Re: Nursing course out --- ICT courses In the demand

Philippines is an exporting country. Our economy is better with a weaker Peso.

Re: Nursing course out --- ICT courses In the demand

Originally Posted by FutureUSRN

Philippines is an exporting country. Our economy is better with a weaker Peso.

And so with China, Japan, Korea and Taiwan and their currencies are stronger.