Philippine Economy Talk

[Monseratto]

Baguio restaurant bids farewell...


Baguio's Forest House announces final farewell

[glenn_duke]

OMG, it only needs 3 months of slump to knocked out a 19 year old business.

[Dr. Strange]

OMG, it only needs 3 months of slump to knocked out a 19 year old business.

Madami pa mga ganyan magsasara at dadami pa kababayan natin mawawalan ng trabaho.

[_Cathy_]

OMG, it only needs 3 months of slump to knocked out a 19 year old business.

I thought the same! Binago talaga ng China virus ang mundo, when a person thinks of putting up a business, iisipin mo na how a pandemic can affect it. Buti pala hindi natuloy yung business na iniisip ko (gym or salon - sapol na sapol )

[Dr. Strange]

I thought the same! Binago talaga ng China virus ang mundo, when a person thinks of putting up a business, iisipin mo na how a pandemic can affect it. Buti pala hindi natuloy yung business na iniisip ko (gym or salon - sapol na sapol )

Gym talaga?

[_Cathy_]

Gym talaga?

OT: What's wrong with a gym? I used to be a gym rat in the mid 90s until 2000s, hindi pa uso gym nun, bakal gym lang ako, walang mga pa cute, walang mga juice bar or lounge, equipment lang talaga. That was years before gym franchises came in the PH. I made good friends at the gym na hanggang ngayon in contact pa ko. Kaya when I graduated gusto rin magka gym when our neighborhood gym closed down, pero mas madali mag corporate...

[baludoy]

Pati pala iyong mga comedy bars ni allan k magsasara na din. Medyo matagal na din iying mga iyon di ba?

do what you gotta do so you can do what you wanna do

[Monseratto]

Pati pala iyong mga comedy bars ni allan k magsasara na din. Medyo matagal na din iying mga iyon di ba?

do what you gotta do so you can do what you wanna do

Comedy bars Zirkoh, Klownz permanently close amid pandemic | Inquirer Entertainment

[glenn_duke]

I thought the same! Binago talaga ng China virus ang mundo, when a person thinks of putting up a business, iisipin mo na how a pandemic can affect it. Buti pala hindi natuloy yung business na iniisip ko (gym or salon - sapol na sapol )

Lucky for you hindi ka nag redundant last year, otherwise you will see your business fail in just 3 months.
Kaya before you think of redundancy, make sure you know where to safely invest your money.

[_Cathy_]

Lucky for you hindi ka nag redundant last year, otherwise you will see your business fail in just 3 months.
Kaya before you think of redundancy, make sure you know where to safely invest your money.

I decided na to leave the company na lang. Pwede ata bumalik after 2 yrs. I hope I made the right decision...

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[uls]

Cathy doesn't invest

She shops

[uls]

not really a fan of left-leaning ibon foundation but this time they're on point

[uls]

what's happening now is a demand shock

coz many people lost income so wala pang gastos

businesses will not invest if there's low demand

you're not gonna put up more branches or increase manufacturing capacity when there's low demand

even if you provide cheap loans to businesses why will they borrow if they're not planning to expand

there's a limit to monetary policy

BSP has done a lot -- they cut interest rates and RRR

the gov't needs to step up

need fiscal spending... put money in people's pockets

[shadow]

*uls, paki explain nga resto business? Wala ba sila backup capita para dito sa couple of months na na closed sila? Ano ba yan hand to mouth ba yun capital sa ganyan? Paikot lang ng paikot ng pera kaya pag na stop wala na?


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[uls]

*uls, paki explain nga resto business? Wala ba sila backup capita para dito sa couple of months na na closed sila? Ano ba yan hand to mouth ba yun capital sa ganyan? Paikot lang ng paikot ng pera kaya pag na stop wala na?


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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

[c_cube]

Not enough sales to cover monthly overhead expenses.

Di ka na maghihintay kainin lahat ng kinita tas uubusin lang ng overhead monthly. Lalo na yun nagrerent lang ng pwesto.

Tingin ko kung sarili mo lugar pwedeng suspend lang ang operations tas balik trabaho nalang kung magnormalize na.

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[uls]

ung ibang may ari willing naman gumastos to keep a business alive

so depende sa may ari

[c_cube]

Sabi nga eh, pahabaan nalang ng pisi.

Kaya hanggang saan kaya ng business owners to operate at loss

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[_Cathy_]

ung ibang may ari willing naman gumastos to keep a business alive

so depende sa may ari

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.

[Little Missy]

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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