Results 1,921 to 1,930 of 4777
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May 22nd, 2020 03:55 PM #1921
We have franchised businesses (restaurants and spas). Most probably mabankrupt na spa. Restos naman, if maging take out and deliveries pa din until year end, sarado na din.
Ano magiging effect ng covid crisis sa banking system? What if madami mag default sa mga loans? What will happen to lending rates? TD rates?
How about currency market?Signature
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May 22nd, 2020 04:35 PM #1922
I agree that we should be looking at the situation as a whole as opposed to just the immediate effects to us personally.
Also unproductive to be goading people to say that they are pushing one direction over the other even if it doesn't affect them as cognitive dissonance, so wag nalang patulan.
It's prudent to slowly restart the economy, but the big prerequisite is to have mass testing and contact tracing. This is how other countries are able to resume the economy while still taking care of its citizens. Until we have that, people will always clamor against economic normalization.
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May 22nd, 2020 04:38 PM #1923
definitely madami mag default sa loans
banks are getting ready for that
(pero before default mag restructuring muna)
BSP will stand behind the biggest commercial banks
worst case BSP will print money to buy bad loans to save the banks
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naka ilan rate cut na ang BSP... lending rates should be lower
depende na sa bangko if they will pass the lower rates to clients
if you're creditworthy naman you'll get low rates
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coz BSP lowered rates, damay ang rates paid on savings, TD
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USDPHP
problema pag humina ang pasok ng $$$ dahil madami OFW nawalan ng trabahoLast edited by uls; May 22nd, 2020 at 04:42 PM.
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May 22nd, 2020 05:04 PM #1924
If BSP will print money to buy the debts, di ba tatas inflation natin?
Re: currency, of if few USD getting here, means tataas USD vs PHP. Patay naman nyan import business.Signature
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May 22nd, 2020 05:58 PM #1925
it's hard to create inflation when the economy is experiencing negative growth
if BSP will print money to take bad loans off banks' books, that's only to stabilize banks
i don't think banks will go on a lending spree after that
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pag humina ang PHP tataas ang import prices that's gonna cause inflation
but if the economy is weak there won't be a lot of demand for importsLast edited by uls; May 22nd, 2020 at 06:03 PM.
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May 23rd, 2020 01:55 AM #1926
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May 23rd, 2020 09:49 PM #1928
In light of the pandemic, it seems that maintaining your current income is already the best-case scenario. We see so many sectors affected - restaurants, tourism, events, recreation, automobile, petroleum, and so on.
We see some sectors holding - mostly essential food and household goods, hygiene products, healthcare.
But have not seen any booming sectors (i.e. businesses growing sustainably faster than pre-covid times). Everyone is just struggling to stay afloat. Millions have lost their jobs or have significantly reduced their income. Many SMEs have taken such big financial hits that they might not be able to reopen.
Even if the economy does indeed reopen, it'll be a while before consumption returns back to pre-covid levels. What doesn't help is our government's slow and uncoordinated response.
We lose 18B per day that we are on ECQ as the economy continues to suffer. That is an expensive cost compared to what it takes to restart the economy - mass testing and contact tracing.
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May 23rd, 2020 11:09 PM #1929
yes JUT703
grabe ang damage
understand why i was sounding the alarm in this thread
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May 24th, 2020 01:23 AM #1930
Bakit naka-all caps username ko?[emoji23]
Definitely the economy will be in shambles (if it isn't already). But really before we can even try saving or rebuilding it, we need to be sufficiently equipped to fight the pandemic. Machismo and militarism will not save us. Let Bolsonaro and Brazil be a warning of what happens when a populist president of a 3rd world country does nothing.
We need mass testing (targeted testing if you want to call it that) and contact tracing. I don't understand why we still aren't prioritizing this.
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