Philippine Economy Talk

**dr. d** · September 10th, 2018 12:57 PM

Originally Posted by 2lits17

how about the bukbok rice. i feel na hinde yan dahil sa storage and ulan, siguro from the port of origin palang infested na yan or luma na yun stock nila so pag dating sa atin na aggravate nalang. baka nga they buy it very cheap then they pag the cost. so money in their pockets. then now they want to import more rice then more money on their pocket.
.

in my opinion,
that was a mistake.
and the guy who made the mistake, refuses to admit it, and is passing it off as "something beyond their control".
i mean, bukbok is easy to detect. one but has to inspect the product.

it is also possible,
someone might have purchased low-grade, bukbok rice, and is passing it off as "of the rice quality agreed upon".

**uls** · September 10th, 2018 12:59 PM

Originally Posted by Monseratto

Yields on government securities climb as inflation picks up to fresh peak in Aug.

naturally coz investors will now demand higher interest rate from the govt to compensate for higher inflation

all previously issued bonds with lower interest rates fall in price

who wants to hold bonds that pay lower interest?

Gov't borrowing cost going up

**uls** · September 10th, 2018 01:10 PM

Originally Posted by dr. d

i find it ironic, that government is trying to make life more affordable for the filipino, except for the filipino whose toil literally feeds us.
matagal nang pinagsasamantalahan ng gubyerno ang magsasaka.
my feeling is, if the farmer is treated well, there will be more farmers and we wouldn't be in this self-generated state of rice-lessness.

instead of importing and making the importer richer, we should be buying rice at higher price, from our own farmers.
make it profitable for farmers, to be... farmers!
otherwise, all we will have, are subdivisions and malls.

here's the thing

consumers want very low-priced rice which only the NFA can provide

like P27 per kilo or something which is in reality below real market price

in order to sell at a price that low, the NFA has to keep its buying price low right?

if they wanna help farmers they should buy at a higher price but the selling price should be higher din

but consumers will complain naman

if NFA maintains the low selling price but buys at a price that make farmers happy the NFA must absorb significant losses (which means we taxpayers are the loss takers)

well i think yan naman talaga ang function ng NFA

use taxpayer money to provide rice at below market price

**uls** · September 10th, 2018 03:55 PM

so now the govt is scrambling to address the inflation issue specially the RICE factor

so mag iimport sila

awful timing coz now USDPHP is 53.9

so that imported rice is will cost more in peso terms

and of course using precious $$$ at a time when you want to keep dollar reserves high to fend off speculative attack

**uls** · September 10th, 2018 03:58 PM

rearview is 20/20 but NFA should have imported rice dati pa

--

it's a bit too late

the EM crisis has arrived in PH

global investors have marked PH for attack

**A121** · September 10th, 2018 05:45 PM

Originally Posted by uls

rearview is 20/20 but NFA should have imported rice dati pa

--

it's a bit too late

the EM crisis has arrived in PH

global investors have marked PH for attack

Di pa naman tayo nabanggit dito. Di pa nga pala ako tumitingin ng numero natin.

What do the economic woes of Turkey, Argentina and Indonesia have in common? | World Economic Forum