Rappler.com reports that a London-based research firm, Capital Economics, has a dire prognostication for the Philippine’s currency. 2019 Philippine Peso Plummet Predicted: P58. While a recent post dealt with the possibility of a 60 to 1 exchange rate vs. the US Dollar, this is the first report I’ve seen of an actual legitimate forecast for a historically low Philippine Peso at 58.
According to a response sent from Rustan’s Facebook page, the MARKETPLACE by Rustan’s Festive Walk Mall Iloilo is opening Oct 5, 2018. I was excited as a hog in mud when I received the news. My lovely asawa and I had been to a Rustan’s Marketplace in Cebu City years ago. However, I’ve been “patiently” waiting for Rustan’s opening at the Festive Walk Mall for months now. Photo credit: Sunstar.com
Whew! It’s an exciting time to live in the Philippines. Rumors of coups d’éta and rising rice prices are spicing things up for this American expat in the Philippines. Maybe it makes you kind of wonder: “Should You Move to the Philippines Now?”
With opposition politicians clamoring that “the end is near,” could the Philippine peso plummet to 60 per US Dollar? Why shouldn’t we American expats in the Philippines start to enjoy the generous exchange rate our British and European friends already have?
I left Facebook some time ago. In one of my previous posts, I declared I was exiting the social media giant. However, I’ve reconsidered my position, and have created a new Facebook page on my wife’s account. Philippines Plus returns to Facebook.
If you’re married to a Filipina, like I have been for over 18 years, you know rice is the main staple in most Filipino diets. The first thing we had to purchase when my wife joined me in the States back in 2000, was a rice cooker. However, from a nutritional standpoint, white rice pales in comparison to its whole grain cousin, brown rice. With surging inflation rampant in the Philippines what are the “Top 3 Cheap & Healthy Rice Alternatives?”
I like to read the news. Four online newspapers from the Philippines are daily perused along with a cup of Good Day coffee. Slap some Peter Pan Creamy style peanut butter on two slices of Gardenia wheat bread, and I’m happy as a hog in mud. “CIA Plots, Rising Prices, & Weakening Philippine Peso” are the topics for today’s musings. Hold on conspiracy theorists and tweak that aluminum-foil antenna on your head. We’re in for a bumpy ride in the Philippines, Pilgrims.
Food shortages and rising prices continue to plague the Philippines. 6.4% Philippines inflation hits 9-yr high. The Manila Standard reports that the rate of inflation in August catapulted from 5.7 percent in July
Most of my readers are probably already familiar with the concept of “saving face” in Asian culture. Before I retired to the Philippines over nine years ago, I believed this notion was only confined to the Chinese and Japanese. My preconceived impressions were probably the result of watching too many Bruce Lee and Jet Li movies. Little did I know that causing a Filipino to “lose face” can cost you your life.
(Graphic credit. Artstation.com)