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October 25th, 2018 05:50 PM #1281Gawa tayo fake taxi productions dream, pag mataba ang pasahero, relyebohan mo ko
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October 25th, 2018 06:16 PM #1282
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October 25th, 2018 06:30 PM #1283
whatda... what happened to this thread
busy lang ako kanina ngayon lang ako bumalik napunta na sa fake taxi
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October 25th, 2018 07:42 PM #1284
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October 26th, 2018 08:31 PM #1285
hmmm...
Budget Secretary Benjamin Diokno earlier said that “the rule of thumb is that a country with a debt-to-GDP [gross domestic product] ratio below 60 percent is fiscally sound ... The Philippines is comfortably below that ...”
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October 26th, 2018 09:36 PM #1286
San Miguel Foods IPO - P85/share, minimum 500 shares
Sent from my SM-N950F using Tapatalk
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October 31st, 2018 12:53 PM #1287
Need to borrow more to pay off it's other debt...
Falling Peso Hits Debt-Laden Philippine Companies
San Miguel and its energy units have to pay off the most dollar debt in the next five years at $3.3 billion, based on publicly available data. The beer maker that had expanded to infrastructure enters into currency swaps to manage its long-term borrowings, according to regulatory filings.
The conglomerate and units including oil refiner Petron Corp. and SMC Global Power Holdings Corp. have been borrowing in pesos in the past three years to refinance dollar obligations. The company declined to provide details of its hedging.
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October 31st, 2018 01:17 PM #1289
there's a wall of maturing EM dollar-denominated debt starting next year
EM currencies are now much weaker against the dollar
so those EM corporates (who earn in local currency) need more local currency to buy dollars (coz it's more expensive today) to pay debt
more expensive than when they sold the dollars they borrowed years ago
see the problem?
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October 31st, 2018 01:23 PM #1290
i'm not done yet...
So the Fed is doing reverse QE (QT -- quantitative tightening)
so that's reducing the global supply of dollars
and higher interest rates attracting dollars back to the US
and the US govt is borrowing more (coz of Trump's tax cuts + more spending)
so more treasury issuance is sucking the global supply of dollars
So you got dollar scarcity at a time when EM corporates need tons of dollars to pay maturing obligations
see the problem?Last edited by uls; October 31st, 2018 at 01:34 PM.
Be careful with channels like "China Observer" on YouTube. There is a clear bias in their posts and...
Xiaomi E-Car