Philippine Economy Talk

[shadow]

depende sa may ari shadow

kahit hindi resto business...

kahit mayaman ung may ari pag nalulugi ang isang business isasara nila kesa kukuha sila ng pera sa savings to keep the business alive

compartmentalized kasi ang pera

meron wall separating personal pera sa business pera

kung nalulugi ung business at ubos na ang business savings they'll shut it down

di pwede galawin ang personal wealth

Iniisip ko sobrang liit ng profit margin kaya kalingan ikot ng ikot pera to keep it going sa mga restaurant business. Parang ang iikli ng pisi kasi.


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[uls]

Sabi nga eh, pahabaan nalang ng pisi.

Kaya hanggang saan kaya ng business owners to operate at loss

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yeah how long can you keep paying salaries, bills etc pero ung kinikita mo less than expenses

kahit meron ka makatabing pera di mo gagalawin yan

shut the thing down

[boybi]

May initial investments/capitals mga resto which you can only recover after your projected ROI, usually 5 year. Kapag hindi mo pa narecover yung capital mo, are you willing to invest more, knowing the uncertainty your business faces until the end of the year, or probably until next year?

[uls]

Iniisip ko sobrang liit ng profit margin kaya kalingan ikot ng ikot pera to keep it going sa mga restaurant business. Parang ang iikli ng pisi kasi.


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isa yan

para dun sa may ari the business has to be self sustaining

kailangan kaya ng business to keep itself alive

huwag mag expect ung business na i-subsidize siya ng ibang business ng may ari or pera galing sa personal savings

kung hindi kaya ng business buhayin ang sarili, sorry... shut down

[uls]

Yung iba to survive nag-adjust ng menu, yung pang delivery at pang quarantine na food para sa mga ayaw magluto. I saw one naman on IG naghahanap ng distributors.

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ang problema sa ibang resto they're renting a big space for dine in

kung puro take out nalang ang business they're still paying rent on that unused real estate

[uls]

May initial investments/capitals mga resto which you can only recover after your projected ROI, usually 5 year. Kapag hindi mo pa narecover yung capital mo, are you willing to invest more, knowing the uncertainty your business faces until the end of the year, or probably until next year?

yep that's called throwing good money after bad

[uls]

Naalala niyo yung business owner na nagpost ata sa Top Gear or James Deakin, yung nature ng business nila was going obsolete na (similar to the typewriter), I think it was metal pins or college ring ata (can't remember) He sold his classic car ata to keep the business alive because he did not want the workers who have been with them for decades to be jobless, but he could only go so far nga.

pag hindi mo stop ang losses pati ikaw may ari lulubog


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re resto

i don't think it's about ung "only took 3 months to kill a business"

it's more like the owners are thinking ahead and they see this crisis isn't going to end soon (like what Sir Boybi said)

what if 1 or 2 years pa ito

[Ry_Tower]

pag hindi mo stop ang losses pati ikaw may ari lulubog


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re resto

i don't think it's about ung "only took 3 months to kill a business"

it's more like the owners are thinking ahead and they see this crisis isn't going to end soon (like what Sir Boybi said)

what if 1 or 2 years pa ito

Save the cash, invest in other viable business. Baka pwede pa mahire ibang workers nila na mawawalan ng work. It's the better move imho rather than bleed without certainty of recovery in the near future.

[Ry_Tower]

POGO's leaving is another boon to the economy right now. Yan mahirap if sa umpisa masyado maluwag, higpitan kunti, iiwanan ka. If only they were treated correctly beforehand or hindi na pinapasok since ban na nga sa China, hindi pa sana dagdag sa problema.

[jut703]

POGO's leaving is another boon to the economy right now. Yan mahirap if sa umpisa masyado maluwag, higpitan kunti, iiwanan ka. If only they were treated correctly beforehand or hindi na pinapasok since ban na nga sa China, hindi pa sana dagdag sa problema.

Do you mean boon or bane?

While in principle we shouldn't have entertained POGOs in the first place, their presence has brought economic growth. More pogo = more consumption, higher real estate prices, more ancillary jobs (driver, cleaner, translators, etc).

Their exit means the loss of livelihood for those involved in this economic ecosystem as well, so I'd say the loss of POGOs is another blow to our already ailing economy.

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