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  1. Join Date
    Oct 2014
    Posts
    1,191
    #1151
    Quote Originally Posted by uls View Post
    Jeepney groups now want P12 minimum fare

    kung pinagbigyan yan lalo tataas inflation rate
    Meet halfway, "DYES"!

  2. Join Date
    Sep 2003
    Posts
    21,866
    #1152
    55 before December?



  3. Join Date
    Nov 2005
    Posts
    34,815
    #1153
    me:
    as inflation rate keeps rising, the market will keep demanding higher interest from the government



    Philippines sold 5.73b pesos of 7-year bonds at an average yield of 7.085% from 5.976% in June when it last sold similar debt

    ------------------------

  4. Join Date
    Sep 2003
    Posts
    21,866
    #1154
    Maybe the goverment should consider this too...




    What Else Is Left in Indonesia's Toolbox to Help Bolster the Rupiah?

  5. Join Date
    Sep 2014
    Posts
    8,481
    #1155
    Quote Originally Posted by uls View Post
    Jeepney groups now want P12 minimum fare

    kung pinagbigyan yan lalo tataas inflation rate
    actually uls may plano talaga itaas ang jeepney fare up to P20 para pagpasok na ng mga beep card saka yun jeepney modernization, P20 na minimum

  6. Join Date
    Sep 2003
    Posts
    21,866
    #1156
    Prediction BSP 50 bps increase today...?

    “Indonesia and the Philippines will raise rates to anchor their currencies as risks remain,” said Joey Cuyegkeng, a senior economist at ING Groep NV in Manila. “For Indonesia, it’s about financial instability. A weak rupiah may cause instability in their markets and cause outflows. But for the Philippines, it’s inflation and inflation expectations.”

    Of the 36 economists in the survey, 27 predict Bank Indonesia will raise its benchmark rate to 5.75 percent from 5.5 percent, while seven are forecasting a 50 basis-point hike. Two see no change. In a separate survey, all but two of the 22 economists said Bangko Sentral ng Pilipinas will boost the key rate to 4.5 percent from 4 percent.

    Alongside India, the Philippines and Indonesia run widening current-account deficits, making them more vulnerable to a slump in investor sentiment.
    It's Asia's Turn as Worst Hit Nations Set to Hike Rates

  7. Join Date
    Nov 2005
    Posts
    34,815
    #1157
    Quote Originally Posted by Monseratto View Post
    Prediction BSP 50 bps increase today...?



    It's Asia's Turn as Worst Hit Nations Set to Hike Rates


    you mean tomorrow

    at least 25 bps

    50 bps expected

  8. Join Date
    Sep 2003
    Posts
    21,866
    #1158
    ADB downgrades Philippine economic growth outlook | Money | GMA News Online

    The Philippines is unlikely to meet its economic growth targets for this year and 2019, given the widening trade gap and a slowdown in the agriculture sector and exports, the Asian Development Bank (ADB) said Wednesday.

    The Manila-based ADB also noted higher inflation and global headwinds would make it difficult for the country to achieve its growth goals.

    In a press conference in Pasig City, ADB country director for the Philippines Kelly Bird said the ADB revised its economic growth outlook to 6.4 percent this year from an earlier outlook of 6.8 percent.

    For 2019, the bank revised its growth outlook to 6.7 percent from 6.9 percent.




  9. Join Date
    Nov 2005
    Posts
    34,815
    #1159


    i'd downgrade PH too

    a lot of the gains this decade was coz of favorable external factors

    specially Fed monetary policy (zero rates & QE)

    tons of dollars flowed to EM like PH in search of yield

    now the reverse is happening

    rising US interest rates & reverse QE pulling $$$ back to the US

    high tide ---> low tide

    --

    and PH enjoyed some years of low oil prices and strong currency which was a tailwind to the economy

    now rising oil prices and weaker PHP are headwinds

  10. Join Date
    Nov 2005
    Posts
    34,815
    #1160
    PH is pretty much helpless when faced with unfavorable external factors

    the Fed is on a tightening path so PH has no choice but to raise interest rates to defend the peso

    otherwise the peso will keep falling which will make imports more expensive and drive inflation even higher

    but higher interest rates = higher borrowing cost which can slow down the economy

    damn if you do damn if you don't

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Philippine Economy Talk