Nursing course out --- ICT courses In the demand

Rep · Oct 9, 2006

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

BurstPurse · Oct 10, 2006

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.

Rep · Oct 10, 2006

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.

cruiseship_RN · Oct 10, 2006

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.

BurstPurse · Oct 10, 2006

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?

Rep · Oct 10, 2006

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!

lengdoo · Oct 11, 2006

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.

:balloons:

FutureUSRN · Oct 11, 2006

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

Rep · Oct 11, 2006

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.

FutureUSRN · Oct 11, 2006

When China corrected their currency to make it stronger, US reacted that it isn't enough. It means China is pressured by US to correct its currency to a stronger value but China didn't do as much. Why? China liked it weaker than stronger. It means more power for domestic consumption as every dollar paid to China equals more local currency value. It also means high domestic buying power.

Rep · Oct 11, 2006

When China corrected their currency to make it stronger, US reacted that it isn't enough. It means China is pressured by US to correct its currency to a stronger value but China didn't do as much. Why? China liked it weaker than stronger. It means more power for domestic consumption as every dollar paid to China equals more local currency value. It also means high domestic buying power.

China is different and they can control their nation economy because of their authoritarian government. Let go of the control and they will collapse.

Ours is different, and remember we import more than we export. China export more than they import. Which is more advantageous to us since we import more. The moment the barrel of oil goes up we complain.

If we have sound economic policies, investor friendly, less red tape when it comes for foreigners to invest here then we will have a stronger Peso that is not buoy by dollar remittance, foreign loans ,etc.

One thing I hate about some fellow Filipinos is they are so happy when the dollar is stronger and the Peso depreciates because that means they can get a lot of pesos when their relatives send them dollars. They don't realize that they are spending more for items which would have been cheaper if our peso is stronger.

One question, which do you prefer when you take the NCLEX, pay the $200 at the current Php49 or when the peso depreciates at PHP55.

The weaker the peso that more we spend..

This is a just a joke although there is some truth in it. If the peso is weak, you go carrying a bag full of 100Pesos and enter a grocery and buy something which you put in a tiny little bag. But when the peso is stronger, you enter a store with a tiny bag with just one 100peso bill and came out carrying a sack full of groceries.

I believe a stronger peso backed by sound economic policies, investor friendly climate will benefit the whole Filipino people.

This is my last post.