The election is over and as expected the senatorial candidates of the opposition swept the polls. The bright side however, is that the Bayan Muna party list was dislodged from the top spot by Buhay party list which was created by Mike Velarde of the religious cult "El Shaddai". They however retained their 3 party representatives enough to destabilized the government and finance the insurgents with their pork barrels.
With the oppos retaining the majority in the Senate, I expect the USD to strengthen and return to the previous exchange rate of 1 USD for every 56 Php. I hope the peso to further weaken for the benefit of the OFWs and their families who were being disadvantaged by the weakening of the dollar.
I hope.
