Philippine Economy Talk

[Wh1stl3r]

If government wants to help, zero interest loans would be nice.

[uls]

If government wants to help, zero interest loans would be nice.

dunno about zero interest loans pero kasama sa stimulus plan ang loans to SMEs

-

and it's not a matter of whether the gov't wants to help or not

gov't has to help

there's no other entity that can pull the economy out of the hole it's in right now

[Wh1stl3r]

dunno about zero interest loans pero kasama sa stimulus plan ang loans to SMEs

-

and it's not a matter of whether the gov't wants to help or not

gov't has to help

there's no other entity that can pull the economy out of the hole it's in right now

Instead of dole outs they could just shoulder the interest. Most businesses that are still standing are just scraping by. Even with the lower interest rates, I don't think they can afford the additional overhead.

[Lew_Alcindor]

Akala ko ko ₱990B ang stimulus package na budget nila?


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Joke lang daw yun. Yung stilus package sa 2022 gagamitin.

[shadow]

dunno about zero interest loans pero kasama sa stimulus plan ang loans to SMEs

-

and it's not a matter of whether the gov't wants to help or not

gov't has to help

there's no other entity that can pull the economy out of the hole it's in right now

So paaano package sa mga SME? How about the micro? Ibigay lang sa kanila bahala na sila kung paano gagamitin?

So kung small enterprise ako,.bibigyan ako ng xxx amount then bahala na ako gamitin? Hanggang kailang ako pwede makakuha? Unlimited? Parang mahirap yan ganyan.

Coronavirus aid: California man arrested over fraud claim - BBC News

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[uls]

don't mind the cars.
they buy tons of small-ticket items that, as a whole, affect the economy more than them cars.

speaking of cars (which is the OTHER big ticket item)

on one hand inisip ko wala pera mga tao so di bibili ng kotse

on the other hand LALO necessity ngayon ang kotse coz wala public transpo

so napipilitan dapat mga tao bumili ng kotse

to find out if my theory is right, i asked a friend who's embedded in the industry (used and brand new)

malakas daw benta 2nd hand

mahina brand new



mahina brand new kasi mahigpit mga bangko ngayon

[uls]

She mentioned pala malakas ang motor and vehicles for delivery

well yeah coz of online shopping...

[jut703]

One of my distributors also distributes motorcycles and they sold in Mar-June what they would sell in an entire year, so halos 3x daw. Dami pumapasok sa delivery services ngayon.

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[uls]

^^

wow

nag boom talaga ang logistics dahil sa pandemic

[uls]

So paaano package sa mga SME? How about the micro? Ibigay lang sa kanila bahala na sila kung paano gagamitin?

So kung small enterprise ako,.bibigyan ako ng xxx amount then bahala na ako gamitin? Hanggang kailang ako pwede makakuha? Unlimited? Parang mahirap yan ganyan.

Coronavirus aid: California man arrested over fraud claim - BBC News

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shadow i don't know the details

macro view lang ako -- the gov't has to spend

will there be cheating?

yes there will...

pero ang importante bumaha ng pera ang economy

[_Cathy_]

So it's not entirely true na Filipinos don't have enough savings if a lot are able to cash out up to P300k for a used car.

[uls]

So it's not entirely true na Filipinos don't have enough savings if a lot are able to cash out up to P300k for a used car.

may ipon naman pero di basta basta gagastos

napilitan bumili ng kotse

desperate time eh

--

sabi nung katext ko bigla nagkapera mga tao hehe

[uls]

why do i keep talking about gov't spending as the key to pulling the economy out of recession / depression?

it's Keynesian economics

ito 1 minute lang



practically every government in the world is being advised by economists who subscribe to Keynesian theory

that's why governments all over the world have implemented stimulus programs

Singapore plans fourth stimulus package for coronavirus-hit economy

[Lew_Alcindor]

So paaano package sa mga SME? How about the micro? Ibigay lang sa kanila bahala na sila kung paano gagamitin?

So kung small enterprise ako,.bibigyan ako ng xxx amount then bahala na ako gamitin? Hanggang kailang ako pwede makakuha? Unlimited? Parang mahirap yan ganyan.

Coronavirus aid: California man arrested over fraud claim - BBC News

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For stimulus package at the household level, it doent matter how you spend it. No need to monitor how it was spent.

Pero kung yung package is targeted for businesses, dapat sa business gamitin. This can be monitored. And kung loan, it should be paid.

Dont worry dahil hindi naman unlimited yan.

[uls]

ang nangyari kasi sa economy natin malaki ang nawala sa demand

madami kasi nawalan ng trabaho

no salary = no money to buy things = reduction in demand

so ang dapat gawin ng gobyerno i-replace ung demand

the gov't can give money to those who lost their jobs para may pang gastos

gov't can prevent more job losses by helping businesses stay afloat

like bigyan ng pang sweldo ang mga business (wage subsidy)

parang ganun

[_Cathy_]

may ipon naman pero di basta basta gagastos

napilitan bumili ng kotse

desperate time eh

--

sabi nung katext ko bigla nagkapera mga tao hehe

It seems like hindi affected ang middle class.

Sa FB pa lang ang dami dami nagbebenta ng kung ano anong food na hindi naman mura and it gets sold out. Yung naging "friend" ko because I always order from her, she sells hundreds e ang effort mo lang is to sell a food that people crave for and then deliver house to house

Like yung cookies that I bought from BGC, I am amazed that people order cookies for delivery at malakas daw sabi ng delivery guy, hindi naman lahat into desserts, much more cookies

Napapaisip tuloy ako, how kawawa am I in terms of ipon

[akosijhay]

Re: 2nd hand cars.

Meron akong chineck na Civic SIR nung January. Yung last price ng seller is 320K. Di lang binigay sa tawad ko na 300K.

Ngayon, nakita ko ulit yung unit naka post na under new owner/seller at ang asking price is 470K.

Difference? Binalik lang sa all stock na itsura (stock air filter, stock height, OEM mags, bagong detailed yung interior/exterior, clear tint, etc).

Ok din mag buy and sell ng 2nd hand cars ngayon hehe.

[Monseratto]

Asia’s Worst Share Market Just Got Another Jolt

Overseas investors dumped a net $138 million of local shares on Friday, the biggest single-day outflow in five years. While the outsized withdrawal likely resulted from one large stock transaction involving a foreign seller, market watchers say the selloff could worsen. That’s after poor containment measures contributed to the Philippines last week surpassing Indonesia as the nation with the highest coronavirus cases in Southeast Asia.

“There is a big possibility that outflows will go on because of our condition,” said Japhet Tantiangco, an analyst at PhilStocks Financial Inc. “The economy is a laggard and we lead the region in infections, which is a big concern for foreign investors.”

Selling by foreign funds has contributed to the Philippines Stock Exchange Index’s 25% plunge this year, the biggest in Asia. The broader MSCI Asia Pacific Index is down 1.5%.

Meanwhile, equity investors are struggling to find any positive signs on the earnings front. Analysts have slashed 12-month forward profit estimates for companies on the benchmark 30-stock PSEi gauge by about 24% since the start of 2020, according to data compiled by Bloomberg.

[dr. d]

Re: 2nd hand cars.

Meron akong chineck na Civic SIR nung January. Yung last price ng seller is 320K. Di lang binigay sa tawad ko na 300K.

Ngayon, nakita ko ulit yung unit naka post na under new owner/seller at ang asking price is 470K.

Difference? Binalik lang sa all stock na itsura (stock air filter, stock height, OEM mags, bagong detailed yung interior/exterior, clear tint, etc).

Ok din mag buy and sell ng 2nd hand cars ngayon hehe.

a civic SIR? it's a cult car.
the seller will probably claim that the car is all stock and hasn't gone racing, and therefore deserves a higher price than one that has been raced and abused.

personally,
at that price, i'll go buy a newer car that'll probably be a better ride and easier to maintain.
heh heh.

OT.

[uls]

madami talaga reseller

from cars to gadgets to apparel

madami tao ginawa career ang reselling

lalo ngayon madami nawalan ng trabaho or need extra income

example ung face shield

sobra dami reseller niyan