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  1. Join Date
    Sep 2003
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    25,038

  2. Join Date
    Dec 2009
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    2,994
    #1422
    Quote Originally Posted by uls View Post
    PH December trade data

    Exports -12.3% YoY

    Imports -9.4% (well that's good for PHP humina imports = less demand for $$$)
    Trade surplus = exports - imports = -12.3 - (-9.4) = -2.9

    Trade deficit = imports - exports = -9.4 - (-12.3) = +2.9

    That means we import more than we export, so its a trade deficit and not a surplus. How can that be good?

    For you to claim that december imports lessened you have to compare it to november number

    Sent from my SM-G532G using Tapatalk

  3. Join Date
    Sep 2007
    Posts
    267
    #1423
    Quote Originally Posted by kisshmet View Post
    Trade surplus = exports - imports = -12.3 - (-9.4) = -2.9

    Trade deficit = imports - exports = -9.4 - (-12.3) = +2.9

    That means we import more than we export, so its a trade deficit and not a surplus. How can that be good?

    For you to claim that december imports lessened you have to compare it to november number

    Sent from my SM-G532G using Tapatalk
    Sir, those are percentage growth rates and not absolute figures.

  4. Join Date
    Nov 2005
    Posts
    45,927
    #1424
    Quote Originally Posted by kisshmet View Post
    Trade surplus = exports - imports = -12.3 - (-9.4) = -2.9

    Trade deficit = imports - exports = -9.4 - (-12.3) = +2.9

    That means we import more than we export, so its a trade deficit and not a surplus. How can that be good?

    For you to claim that december imports lessened you have to compare it to november number

    Sent from my SM-G532G using Tapatalk
    i did not say the trade balance went from deficit to surplus

    humina lang ang imports pero deficit parin

    less imports = less demand for $$$ which is good for PHP

    PROOF:


  5. Join Date
    Nov 2005
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    #1425


    less imports = less demand for $$$ = less downside pressure on PHP
    Last edited by uls; February 25th, 2019 at 03:02 PM.

  6. Join Date
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    #1426
    Was 51.75 at one point today...



    Sent from my POCOPHONE F1 using Tapatalk

  7. Join Date
    Nov 2005
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    #1427
    if Feb inflation comes out lower than previous BSP might be tempted to cut interest rates

    if they do PHP will fall

  8. Join Date
    Sep 2003
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    25,038
    #1428
    Philippine Peso Surprises to Become Asia’s Best Currency

    The Philippine peso has defied a yawning current-account deficit to emerge as Asia’s best-performing currency in February. And it may continue to surpass its peers.

    Peso bulls say record remittances, rising investment and a buoyant domestic economy will propel further gains in the currency. Easing inflation could also lend a hand, as higher real yields burnish the appeal of Philippine bonds.
    Last edited by Monseratto; March 4th, 2019 at 01:01 PM.

  9. Join Date
    Nov 2005
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    #1429

    basta huwag mag rate cut ang BSP

    Feb inflation report March 6

    if lower than January, BSP may be tempted to ease monetary policy going forward

  10. Join Date
    Mar 2006
    Posts
    17,506
    #1430
    the scandalous and callous sec ben diokno is the new bsp governor according to preliminary news reports.

    and w/ that whimsical choice, the bsp has now been politicized by a president who's consolidating his hold on a gov't w/c is steadily getting an endless stream of brickbats .

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Philippine Economy Talk