Philippine Economy Talk

[uls]

$1.7B for 2 subs (P96B)



pang rice subsidy sana yan

[Monseratto]

[uls]

P10,000,000 is the new P1,000,000

[uls]

4 months ago...



now...

[travajante]

Bloomberg - Are you a robot?

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[Mask Rider Blac]

A month or few months ago, avocado was at P100 or less per kilo. Now P200+- per kilo dahil hindi season.

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[dreamur]

And US$ is about to breach 57. It's gonna be a cold Christmas.

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[c_cube]

And US$ is about to breach 57. It's gonna be a cold Christmas.

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Just did



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[dreamur]

Hehe...China weak rice eater [emoji1787]

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[uls]

pinas the land of unli rice extra rice

[boybi]

pinas the land of unli rice extra rice

Rice is life.

[dr. d]

... marami bang rice boys dito satin...?

[Monseratto]

?Philippines economy losing steam? | Philstar.com

The Philippine economy is losing steam much faster than anticipated, prompting another foreign bank to slash the country’s gross domestic product (GDP) growth forecast this year.

In its latest Asia Economic Outlook Q4 2023, ANZ said it has lowered its GDP growth projection for the Philippines to five percent, from 5.8 percent, for this year.

“The Q2 2023 outcome was weaker than anticipated and prospects are subdued. Private consumption growth should continue to moderate on the back of slower growth in remittances and an uninspiring pattern of job creation,” ANZ said.

It added that both the Philippine Statistics Authority (PSA) and World Bank have confirmed that the bulk of new job creation has been in agriculture and sales, both of which are low paying.

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https://www.philstar.com/business/20...y-losing-steam

The Philippine economy is losing steam much faster than anticipated, prompting another foreign bank to slash the country’s gross domestic product (GDP) growth forecast this year.

In its latest Asia Economic Outlook Q4 2023, ANZ said it has lowered its GDP growth projection for the Philippines to five percent, from 5.8 percent, for this year.

“The Q2 2023 outcome was weaker than anticipated and prospects are subdued. Private consumption growth should continue to moderate on the back of slower growth in remittances and an uninspiring pattern of job creation,” ANZ said.

It added that both the Philippine Statistics Authority (PSA) and World Bank have confirmed that the bulk of new job creation has been in agriculture and sales, both of which are low paying.

[baludoy]

^ so asan na iyong much ballyhooed investment pledges na nakuha daw sa mga int'l trips Ng pres

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[Ry_Tower]

^ so asan na iyong much ballyhooed investment pledges na nakuha daw sa mga int'l trips Ng pres

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Next Singapore F1 GP daw meron na yan for sure.

[uls]

so BSP is still far from lowering interest rates

PH inflation quickens anew to 6.1% in September

Metro Manila (CNN Philippines, October 5) — The country’s commodity prices were on the rise anew as the inflation rate increased to 6.1% in September, the Philippine Statistics Authority (PSA) reported on Thursday.

According to data from the PSA, inflation was hotter last month than the 5.3% posted in August.

[Monseratto]

[Monseratto]

Philippine PSEi Broke 6000 Support Before Possible Off-Cycle Hike!

BSP Chief Remolona signaled it may raise interest rates as early as today or next Thursday on inflation risks.

PSEi noonbreak closed at 5,987.49 -67.01 -1.11% as of 12:00pm

[Monseratto]

BSP raises interest rate to 6.5% off-cycle to address rising prices

[dreamur]

Listening to JAZA speaking, the guy is a visionary and has a wide grasp of the economic situation both local and regional. Ang layo compared to Villar or the Sys. Not sure about Razon, but I can see why Ayala Corp is managed well.

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