Philippine Economy Talk

[_Cathy_]

Same lang food prices even if you order direct for most restaurants, hindi nga lang mapupunta sa food delivery services yung 20%, maiwan na sa resto, so extra income for the resto.

Yes saka mas gusto ko direct sa resto kasi may kausap ako na tao hahaha!

[Monseratto]

Pandemic knocks off P12 billion from Jollibee in H1 22

The P10.2-billion net loss in the 2nd quarter alone included the cost of P7 billion for the business transformation program.

"The spending for business transformation includes closure of 255 company-owned stores, change in ownership of 95 stores from company to franchisees, payment of pre-termination penalties of stores in the US and China, closure of supply chain facilities, and reduction in the size of the organization in various countries where we do business," said Jollibee chief financial officer Ysmael Baysa.

[tarzegetakizerd]

As expected

Virus pushes Philippines into recession, economy shrinks 16.5% in Q2 22

The contraction of the country’s gross domestic product (GDP) in the 2nd quarter is the sharpest drop ever on record, said the Philippine Statistics Authority on Thursday, August 6.

[uls]

it's official

PH is in recession

[Monseratto]

it's official

PH is in recession

[uls]

and it's gonna take a while to climb out of negative territory

[ray_noel]

Mag Shopping na ba sa psei? Maybe, let it settle muna before taking some blue chips... im eyeing for gtcap 300 and ac if they will go back at 400-500...


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[papi smith]

Market went sideways today despite bad news and even closed above short term downtrend, small NFB also, mini rally coming up?

[kagalingan]

^
baka dahil sa paulit-ulit na sinasbi ni roque na hirap na economy at hindi na pwede ulit mag MECQ parang last na ito.

[uls]

Re: today's stock market

expected naman na ung bad Q2 gdp data

tsaka nag sell off noong na-declare ang MECQ

yan ang di expected

so nag sell off tapos nag bargain hunting

so ung nangyari today di nakakapagtaka