Philippine Economy Talk

[benchph1]

Going back to EURO-2 or high-sulfer diesel...


Philippines eyes shift back to cheaper, dirtier fuel to tame inflation | Reuters

Clean air is life. But money is lifer. Wtf man. Facepalm...


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[2lits17]

Change is scamming. what a brain from DOE and they are really fighting for their proposal of selling Euro 2.

nakakatakot yan kasi baka pinapakarga naten euro 4 diesel price pero yun product pala euro 2 diesel lang. we will not know it naman kung euro 2 or euro 4 yun.

[dreamur]

Is PH next after Turkey? The indicators are almost similar - strongman, rising inflation, rising interest rate, plunging dollar reserve, foreign debts. God forbid.

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[StockEngine]

Is PH next after Turkey? The indicators are almost similar - strongman, rising inflation, rising interest rate, plunging dollar reserve, foreign debts. God forbid.

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Turkey got sanctions... we won't deal with sanctions. Lira sucks like their leader Dogan...


trumps returning the bell that duterte's asking for... let see what developments happen after this ..

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[uls]

Just when PH needs more dollars to build up forex reserves

OFW remittances down 4.5%

Worker repatriations, lower Mideast deployments blamed for decline in June inflows
By: Daxim L. Lucas - Reporter / *daxinq Philippine Daily Inquirer / 05:40 AM August 16, 2018

The government’s decision to repatriate thousands of Filipino workers suffering from abusive work conditions in the Middle East took an immediate toll on the amount of dollars being sent home as the first half of 2018 ended, the central bank said on Wednesday.

The Bangko Sentral ng Pilipinas said that personal remittances for June declined by 4.9 percent to $2.6 billion compared to the same period last year.

During the same month, cash remittances coursed through banks fell by 4.5 percent year-on-year to $2.4 billion. The countries that registered the biggest declines in cash remittances in June were the United Arab Emirates (UAE), Saudi Arabia and Kuwait.

[uls]

Is PH next after Turkey? The indicators are almost similar - strongman, rising inflation, rising interest rate, plunging dollar reserve, foreign debts. God forbid.

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Turkey got sanctions... we won't deal with sanctions. Lira sucks like their leader Dogan...

Turkey's situation is much worse than PH

but i wouldn't underestimate the tendency of the market to attack the next weakest

they're already attacking other EM currencies

[gearhead000]

Just when PH needs more dollars to build up forex reserves

OFW remittances down 4.5%

Worker repatriations, lower Mideast deployments blamed for decline in June inflows
By: Daxim L. Lucas - Reporter / *daxinq Philippine Daily Inquirer / 05:40 AM August 16, 2018

The government’s decision to repatriate thousands of Filipino workers suffering from abusive work conditions in the Middle East took an immediate toll on the amount of dollars being sent home as the first half of 2018 ended, the central bank said on Wednesday.

The Bangko Sentral ng Pilipinas said that personal remittances for June declined by 4.9 percent to $2.6 billion compared to the same period last year.

During the same month, cash remittances coursed through banks fell by 4.5 percent year-on-year to $2.4 billion. The countries that registered the biggest declines in cash remittances in June were the United Arab Emirates (UAE), Saudi Arabia and Kuwait.

No problem. China is our "friend".

[uls]

Targeting components of the CPI market basket

Fuel: import euro 2 diesel

Food:

[baludoy]

Words of wisdom from the dds





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[jut703]

Words of wisdom from the dds





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Isn't this fake news? The twitter page doesn't even exist anymore and it's not Bong Go's official twitter account.

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