Philippine Economy Talk

[kagalingan]

nagdrive ako madaling araw around banawe. Meron bago building tinayo. Ang inaashan ko another car parts, accessories or talyer. Pero nagulat ako eh bangko. Parang China bank

So binagalan ko pagdadrive at palingon-lingon. Banawe is the bank capital of the philippines. From erod banawe to delmonte banawe - yang direcho na yan sa tancha ko 20 to 30 bangko ata. Bilangin ko nga next time. Grabe ganyan kaiksi ang dami bangko. Banawe is a multibillion moneymaking street. And its not even a main road.

Sa umaga hindi ko napansin yung dami ng bangko. Sa madaling-araw obvious na obvious, when all the restaurants are close na.

[uls]

nagdrive ako madaling araw around banawe. Meron bago building tinayo. Ang inaashan ko another car parts, accessories or talyer. Pero nagulat ako eh bangko. Parang China bank

So binagalan ko pagdadrive at palingon-lingon. Banawe is the bank capital of the philippines. From erod banawe to delmonte banawe - yang direcho na yan sa tancha ko 20 to 30 bangko ata. Bilangin ko nga next time. Grabe ganyan kaiksi ang dami bangko. Banawe is a multibillion moneymaking street. And its not even a main road.

Sa umaga hindi ko napansin yung dami ng bangko. Sa madaling-araw obvious na obvious, when all the restaurants are close na.

ung bagong building na may blue water day spa sa taas? (tapat ng starbucks banawe corner calamba)

sa baba may bagong chinabank

syempre madami bangko sa banawe (from del monte all the way to e. rod)

andami kasi tindahan

araw araw may benta kailangan mag deposit

parang 2nd chinatown ang banawe

[jut703]

There is still the threat of removing the PEZA incentive (5% GIT) and replace with 15% regular corporate income tax under TRAIN2. Simulations showed an average of 50% to 250% additional cash outflow. Most expansions are on hold or diverted to Vietnam, Malaysia or India. Dollars are being sent back to HQ, thanks to Trump's tax reforms.

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Interesting, is this confirmed? It wasn't mentioned at all in the recent stock market and economic briefing I watched.

Gist is that we're taking a hit now because of inflation and a current account deficit, but the inflation is temporary because it's tied to the initial shock of the tax reform and the current account deficit is due to the weakening peso brought about by huge imports of capital goods. These capital goods will then be used for the infra projects which are expected to improve our country's investment standing in the medium term.

A few positive highlights that are keeping us afloat - BPO/OFW remittances are still growing, and this is what has allowed us to grow consistently over the past decade. Tax collection has actually surpassed target in Q1, meaning that there is funding for the projects planned. And domestic consumption has not dampened despite the higher prices.

Net, if the Philippines can weather this initial storm - it will come out stronger than ever. This is under the premise that we are undergoing a correction, not a full-blown bear.


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[mda]

Maraming kalokohan sa TRAIN.

[uls]

[dreamur]

Interesting, is this confirmed? It wasn't mentioned at all in the recent stock market and economic briefing I watched.

Gist is that we're taking a hit now because of inflation and a current account deficit, but the inflation is temporary because it's tied to the initial shock of the tax reform and the current account deficit is due to the weakening peso brought about by huge imports of capital goods. These capital goods will then be used for the infra projects which are expected to improve our country's investment standing in the medium term.

A few positive highlights that are keeping us afloat - BPO/OFW remittances are still growing, and this is what has allowed us to grow consistently over the past decade. Tax collection has actually surpassed target in Q1, meaning that there is funding for the projects planned. And domestic consumption has not dampened despite the higher prices.

Net, if the Philippines can weather this initial storm - it will come out stronger than ever. This is under the premise that we are undergoing a correction, not a full-blown bear.


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DOF and PEZA are sending different messages to investors and it reflects on the kind of fiscal policy (or the lack of it) by this administration. As PEZA director general Plaza posted on her FB wall - "why kill the goose the lays the golden eggs?".

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[kagalingan]

ung bagong building na may blue water day spa sa taas? (tapat ng starbucks banawe corner calamba)

sa baba may bagong chinabank

syempre madami bangko sa banawe (from del monte all the way to e. rod)

andami kasi tindahan

araw araw may benta kailangan mag deposit

parang 2nd chinatown ang banawe

Oo yan nga tapat starbucks.

Ito pa ilan legit massage parlor / spa sa banawe, dtuazon, delmonte

Ilan medical laboratory around banawe and delmonte.

Halos jan na nagkumpol-kumpol.

Sabi sa feng shui na hindi ako follower pero i find it entertaining = ang ulo daw ng dragon nasa ongpin ang buntot daw sa banawe. So ang katawan nasaan? Greenhills ba ?

[dreamur]

Curious how the market will react on Monday.

Standard & Poor's upgrades Philippines credit outlook to 'positive' - CNN Philippines

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[uls]

market already reacted yesterday

psei +103.60

[uls]

as if PH doesn't have enough inflation pressure

Teachers ask for wage hike amid TRAIN law | Inquirer News



the govt raised salaries of AFP and PNP people January this year

that's several billions of pesos more in circulation