Philippine Economy Talk

[misseksaherada]

Ang hirap nga maghanap ng Sodium Ascorbate.. Kapag paubos na stock namin try ko yan kapag no choice na, tapos meron pa ZINC.. [emoji106]

Attachment 36948

[papi smith]

We used to buy Enervon c with zinc, I just don't know why they phased it out, sayang branded pa naman

[uls]

sayang privately held company ang mercury drug they don't reveal performance numbers

if they were a publicly listed company we'll know if they're underperforming or outperforming or flat compared to same period last year

[Monseratto]

Many hospitals offer e-consult

CSMC E-Consult

Chinese General Hospital and Medical Center – I love Chinese Gen ❤

My psychiatrist never leaves his condo and does all his consultations via viber...

[uls]

well it's all speculation saying drug stores are killing it this year

with mobility down significantly for 4 months based on Google and Apple mobility data

for me it's unlikely that drug stores are currently outperforming the same period last year

[baludoy]

Just came from a short night bike ride ( just to stretch my legs) and passed by the neighborhood - almost empty - coffee bean & tea leaf coffee shop. Sad to see 2 lang ang customers on a very quiet sat night.

I guess swerte na din ang cbtl na nabili sila ng jollibee corp. Last year Kasi at least mas mahaba ang pisi nila ngayon.

Nakakalungkot talaga kapag umiikot ako sa mga used to be known gathering places . Iyong mga sounds of laughter at ringing ng mga cash machine parang distant memory na na ilang dekadang nakalipas.

the things you own end up owning you

[uls]

sa lagay nito naka GCQ na tayo

we are still far from normal

[Monseratto]

Each OFW have other mouths to feed.... also no more income

Long known as the fallback of the Philippine government in any economic crisis, the OFW sector is now in deep crisis for the first time since labour migration became state policy in the early 1980s. Their more than US$30 billion of annual remittances is a driver of the Philippine economy, and helps sustain millions of family members.

Philippines’ OFW crisis: more than 700,000 could lose their jobs due to the coronavirus by year end | South China Morning Post

[kagalingan]

dami naapektuhan business sa erod dahiil patay negosyo ni st lukes.

[jut703]

i'm open for business, but my current level is barely 50% of before covid's.

Doc medyo OT but curious lang, when did medicine start paying out economically for you?

You mentioned you had your fellowship (or is it residency) abroad, so may equivalent costs yung US MLE plus of course board and lodging there. Not sure if fellows get paid in the US (assuming they do, bawi ba yung gastos to go there?)

Then when you went back here in the PH, may investment din ang clinic. How much was it then and ilang years bago mo nabawi?

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[uls]

dami naapektuhan business sa erod dahiil patay negosyo ni st lukes.

i can imagine

pre-covid any given day sobra dami tao sa medical arts aside from the main hospital bldg

so e-consult lahat nawala ung people traffic nawala ung spending around the area

sigurado bumaba ang sales ng mga tindahan sa area

may mga fastfood diyan, botika, convenience store etc

[shadow]

Bakit hinde na lang gawin criminally liable mga hinde mag mask?


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[dr. d]

Bakit hinde na lang gawin criminally liable mga hinde mag mask?


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watching the abs-cbn hearings,
sa congreso na lang, marami nang huhulihin.

[dr. d]

Doc medyo OT but curious lang, when did medicine start paying out economically for you?

You mentioned you had your fellowship (or is it residency) abroad, so may equivalent costs yung US MLE plus of course board and lodging there. Not sure if fellows get paid in the US (assuming they do, bawi ba yung gastos to go there?)

Then when you went back here in the PH, may investment din ang clinic. How much was it then and ilang years bago mo nabawi?

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medical school + residency training + specialist training = 13 to 14 years more, after graduation from college.

when did it start paying out economically for me?
honestly, "i don't know".
kasi naman, all my life, i was dependent on my parents for support.
then one day, about 5 years after finishing residency, i was paying for the house utilities, maintenance medicines and household expenses, and some more for whatever my then-retired parents needed.
five years after finishing training, i could do activities of daily living + luho. i could buy a car, but i couldn't yet buy a house.
i was very, very, very lucky, because i did not have to save up for a house. my parents were giving me the house. there was nobody left in it but them and me.

further training abroad?
the biggest hurdle is passing the MLE. not all programs require it, however. and compared to the potential gain, the cost of application is ... sige na nga... annoying!
the next biggest problem is getting a slot in the foreign training program. it is not easy to get accepted, if one is a furriner.
but once accepted, the next issue is money to support oneself over there. but not to worry! that is actually the easiest problem of the three. some programs have paying salaries or stipends. and for those without, there are many other sources...

clinic?
maybe 500K. probably less.
it's just renting a room in the horsepital. make it over if you like. parang bahay. you can make it palatial, or you can make it affordable but neat. do time-sharing. even more affordable.
and we do not have to buy millions for "hospital stock". many hospitals now have "right to practice" fees for a mere few hundred thousands.
medical equipment? all medical students already have most of it.
but i take exception on the ophthalmologists. their clinic equipment runs in the millions. perhaps that is the reason why they charge what they charge. but don't worry! ophthalmologists' credit ratings are very good. for one to renege, is already case-reportable.

i can't put a price on my residency and fellowship, because, technically, i was being paid to do that.
if i were to price my medical school tuition fees and cost of living at 4M, and an additional 1M for clinic space / practice, then i would say, nabawi ko siya in 5M divide by annual net income.

but if i were to consider my entire medical training, including all those poor souls that i in-convenienced or even contributed to their deaths, then i would say, "kailanman ay hindi ko kayang bayaran yan".

[uls]

the economy cannot survive another lockdown

Joey Concepcion better do something

[uls]

anong likely

definitely

deep like Philippine Trench

[uls]

naka ilan punta ako mercury drug prima residences quezon ave (across sto. domingo church)

image from google map



walang katao tao mga 3 or 4 times na

i know this branch doesn't represent other branches

pero matao naman itong area

--

pag galing ako banawe going to araneta ave dito ako dumadaan

quezon ave araneta u turn madadaanan ko generator shop ni glenn manikis

dunamis


ito ung lagi madami Ford Everest

tapos kakanan ako sa Sto. Domingo going to Retiro then Araneta Ave

o diba parang pinasyal ko kayo

[uls]

mahina pa demand

malayo pa sa normal

[boybi]

naka ilan punta ako mercury drug prima residences quezon ave (across sto. domingo church)

image from google map



walang katao tao mga 3 or 4 times na

i know this branch doesn't represent other branches

pero matao naman itong area

The Mercury Drug nearest our area may konting pila pa din, pero because they limit the number of customers inside.

[uls]

it's demand

the economy is experiencing demand shock



dami nawalan ng trabaho wala pang gastos

ung swerte na may trabaho pa lost income during lockdown so still repairing balance sheet

madami utang

kahit balik trabaho maari hindi 100% ang income (ung iba every other day lang daw ang work)