Forum tackles where the peso is heading

MANILA, Philippines - The fate of the peso affects everyone’s business, job, investments, savings, lifestyle … and the Philippine economy!  Where is the peso heading? What had a weak or strong peso done for us? Is a competitive foreign exchange policy the answer to our country’s industrialization? Is hot portfolio money a boon or bane?  What will the peso:dollar rate be by yearend?

Hear the answers from an array of experts by attending the Management Association of the Philippines (MAP) Forum “An appropriate foreign exchange regime for the Philippines: Where is the Peso Heading?” to be held on March 11, from 2 p.m to 5: p.m at the Bahia of Hotel Inter-Continental Manila.

MAP legislation committee chairman and forum project manager Eddie Yap said that “the objective of the forum is to present varying views on foreign-exchange policy as a strategy for economic development, and the benefits and pitfalls of hot portfolio money.”

The speakers and their topics are: (1) Prof. Solita “Winnie” C. Monsod of the UP School of Economics on “The Case for a Weak Peso as a Strategy for Economic Development”; (2) Dr. Shanaka J. Peiris, resident representative of International Monetary Fund (IMF), on “IMF’s View of the Appropriate Foreign-Exchange Regime for the Philippines”; (3) Dr. Luis F. Dumlao, chairman of Ateneo de Manila University Department of Economics, on “The peso is worth dying for: Monetary Policy for Transition from Consumerism to Industrialization”; (4) Jerome R. Gonzalez, strategist/technical analyst of Philequity Management, on ”Peso Exchange Rate Forecast: A Technical Analysis”; and (5) Deputy Governor DIWA GUNIGUNDO of the Bangko Sentral ng Pilipinas (BSP) on “Hot Portfolio Money: Bane or Boon?”.

For reservations/inquiries, contact the MAP secretariat via [email protected] or 751-1149 to 51.