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

[uls]

Re: sinasabi ni Roque

yes syempre nakita na nila ung q2 gdp data before na-release sa public this morning

kahapon palang alam na ng gobyerno gaano kasama ang numero

[2lits17]

Re: sinasabi ni Roque

yes syempre nakita na nila ung q2 gdp data before na-release sa public this morning

kahapon palang alam na ng gobyerno gaano kasama ang numero

they will easily find excuse.
to the tune of comparison.....
kung yun america nga, singapore na top countries recession din. lahat tinamaan ng lintek na p**** pandemic na veerus na yan. how can you expect na tataas gdp naten mga p**** kung gusto niyo mag rebolusyon do it now, hinde niyo talaga ako kilala mga p****.

[uls]

^^^

what was that all about?

--

the day before gdp data release Roque said the economy cannot handle another extended lockdown

syempre alam na nila ung negative 16.5% contraction before the data was released to the public

yun lang

dunno what that post above is about

[Monseratto]

[Monseratto]

High unemployment, little consumer spending, high rate of store closure, companies holding off investment because of lack of business activity... if these last more than months, it becomes a depression...

[uls]

basically there's a big f**king hole in the economy right now

gov't spending has to fill that hole... where the hell is the stimulus?

[shadow]

^^^

what was that all about?

--

the day before gdp data release Roque said the economy cannot handle another extended lockdown

syempre alam na nila ung negative 16.5% contraction before the data was released to the public

yun lang

dunno what that post above is about

It means dutiti govt doesn't own up their mistakes and responsibility.

Lagi sinasabi eh hinde lang tayo ang ganyan buong mundo which is correct pero it's time to lay down their plans for recovery. Kaso puro buong mundo ya ayon kahit mayaman na country.

Deflecting the issue.


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[_Cathy_]

Crush just told me that they had to let go of an entire DEPARTMENT. Wow, so nauna lang pala company namin. It's a tough job to deliver the news pero samin ganyan din the head of our division ang nakikipag usap sa employees.

My BFF who was an expat returned to Manila last week and she told me that she is also nanganganib of losing her job. Why? Because before the china virus, our company had a natural 10% attrition rate, but now NOBODY is resigning (except me LOL) so now they have to let go of 10% of employees.

I wonder how many more job cuts in the following months

[Monseratto]

basically there's a big f**king hole in the economy right now

gov't spending has to fill that hole... where the hell is the stimulus?

Like this?

Indonesia Bets on $100 Billion State Spend to Revive Growth




Their GDP drop in not as bad as the PH... considering their covid response was even slower and later than the PH

[uls]

Like this?

yes

gov't needs to SPEND

Their GDP drop in not as bad as the PH... considering their covid response was even slower and later than the PH

coz their lockdown wasn't as crippling and debilitating as ours