Philippine Economy Talk

[teukie]

Have we hit bottom yet???

[boybi]

Have we hit bottom yet???

The worst is yet to come?

[dr. d]

Have we hit bottom yet???

in my opinion,
" we are re-defining 'bottom' ".

this is all new to us.

[teukie]

The worst is yet to come?

in my opinion,
" we are re-defining 'bottom' ".

this is all new to us.

This virus is really a great equalizer. Could be nature's way of keeping greed in check and depopulating the world. My personal opinion.

[shadow]

We have alwaya been at the bottom, never been out of it. [emoji23]


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[tarzegetakizerd]

This virus is really a great equalizer. Could be nature's way of keeping greed in check and depopulating the world. My personal opinion.

depopulating the world starting from the bottom?

[Monseratto]

Not a good idea to waive loan payments... Banks will tighten liquidity and increase interest rates.


Philippine Banks Warn of $82 Billion Cash Squeeze on Delay of Loan Payments

Banks in the Philippines warn their cash flow may be reduced by as much as 4 trillion pesos ($82 billion) should a bill that seeks to delay loan payments by a year becomes a law.

The plan could result in “massive liquidity crunch” of 2 trillion to 4 trillion pesos, or 20%-40% of outstanding loans, according to a document from the Bankers Association of the Philippines. This followed warnings from the central bank and a business group.

“New lending would dry up; worthy borrowers deserving of new funds would not get them,” the nation’s largest group of lenders said. Smaller banks may not survive the financial squeeze, putting depositors’ money at “undue risk,” it said.

A pandemic relief bill passed by the House of Representatives proposes a year-long loan payment holiday, while the Senate’s version suggests a one-month reprieve, according to the Bankers Association, which supports the latter.

[falken]

Not a good idea to waive loan payments... Banks will tighten liquidity and increase interest rates.


Philippine Banks Warn of $82 Billion Cash Squeeze on Delay of Loan Payments

That's a sure way to kill the economy.

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[Ry_Tower]

Not a good idea to waive loan payments... Banks will tighten liquidity and increase interest rates.


Philippine Banks Warn of $82 Billion Cash Squeeze on Delay of Loan Payments

That's a sure way to kill the economy.

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Waiving hindi talaga pwede. Pero loan extension tingin ko plausible, maybe not a year's worth. What they could do is spread the amount longer na lang para mas maliit babayaran monthly. Para mas possible na mabayaran yung utang kesa magsara. 12K na utang sa 1 year is 1K, but in 2 years, P500 lang monthly for example. Mas magaan sa borrowers.

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[falken]

Agree, loan extension would be ideal instead. Spread it a little longer just to make sure the borrower could still oparate.

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This is a better option.

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[uls]

Is Jollibee operating at a loss with only drive thru and take away? We know that Jollibee caters mostly children, teenagers and young at heart... is the business model of Jollibee shattered also by this pandemic.

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lahat ng resto ang main income dine-in

mas maliit ang income sa take out / drive thru

alisin mo ang dine-in you're in trouble

-

what's the point in maintaining a large space (and 2 floors) for chairs and tables when your business is reduced to a kitchen

you're paying rent on real estate that's not generating income

[uls]

Have we hit bottom yet???

when it comes to companies laying off workers or closing down entirely i don't think the worst is over

[uls]

Not a good idea to waive loan payments... Banks will tighten liquidity and increase interest rates.


Philippine Banks Warn of $82 Billion Cash Squeeze on Delay of Loan Payments

only stupid populists comeup with such an idea

[StockEngine]

Bangko Sentral seen pausing on rate cuts | Inquirer Business

[uls]

Bangko Sentral seen pausing on rate cuts | Inquirer Business

and you just posted this in the other thread

There is some prediction BSP will cut rates further...

gusto ko sana mag comment pero huwag nalang

--


haha "some prediction"

[uls]

pero mag cocomment na ako

sa mga nagsasabi Bangko Sentral will cut again

DI MUNA

kasi meron lag ang previous actions nila

it will take time for lower rates to transmit down to consumer level

that is if it transmits at all

coz banks are seeing their asset quality deteriorate

they're not in the mood to go on a lending spree and pass low rates to customers

dream on

---

The economy may get worse

BSP needs to save its interest rate ammo

di pwede ubusin ngayon

on the monetary policy side -- BSP HAS ALREADY DONE A LOT

it's time for the FISCAL side to do its job

[StockEngine]

galing ng RCBC..


RCBC profit climbs 17% in first half | Philstar.com

[uls]

galing ng RCBC..


RCBC profit climbs 17% in first half | Philstar.com

o yan tinulungan na kita


EastWest Bank's H1 profit up 65% | Inquirer Business

[uls]

^^

haha

party ain't over

many companies aren't doing very good and may lay off more workers

those who still have jobs are probably core employees

employers still keep them coz mahirap pag wala sila

pero as things go south dadating ung time pati core employees in danger

pero di pa alam ng mga core employees yan

feeling safe and secure may plano pa bumili ng bagong kotse

[StockEngine]

10000 coffee farmers... huge!

Nestle local coffee buying up 27% as NESCAFE Plan helps increase yields, incomes of assisted farmers | BusinessWorld