Philippine Economy Talk

[dr. d]

dennis uy on a divesting spree


Dennis Uy open to selling other stakes in companies | Philstar.com

... something we should be worried about...?

[marky2115]

From buying spree to divesting spree.

Sent from my SM-N960F using Tsikot Forums mobile app

[Ry_Tower]

... something we should be worried about...?

For his creditors, definitely, for us I don't think it would matter much. Though if magsara Phoenix or Dito medyo madami din mawawalan trabaho kasi I'm sure it's not easy to replace those companies. Plus Shell, Petron and caltex wouldn't buy Phoenix and operate those gas stations so close to their own stores.

[baludoy]

... something we should be worried about...?

Like the gentleman from palawan said, not particularly. Unless you're one of uy's creditors. [emoji1]

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

[dr. d]

Like the gentleman from palawan said, not particularly. Unless you're one of uy's creditors. [emoji1]

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

is he selling because of his financial state?
or is he selling because of the nation's economic state?

i'm not a businessman. i'm not an economist.

[baludoy]

^I reckon it's a combination of both.

Uy wasn't counting on a massive black swan event w/c erased the rosy projections our economy had pre-pandemic (but even then the economic figures were a bit lackluster already). He gambled too much too soon and i'm guessing he was banking on a white knight w/c was no longer willing or capable of back stopping him.

To put it simply, he's just plain over exposed.

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

[uls]

[Monseratto]

One word for this... MISMANAGEMENT

[kagalingan]

^
what do you expect?

- No population control,
- Lahat pasado sa LTO.
- No capping sa parating na kotse at motorcycles.


Just too democratic. Ang dami collateral damage. Tapos ngayon nagkakanda leche-leche sa pandemic.

Ano ba sinasbi ko dati pa = Zoning/ Control

Eh waley, mga noypisss puro padamihan ng pera. Maliligtas ba kayo nyan ngayon????

Again ano ba tinuturo sa mga top school ng pinas?

Troll ba ako aka kagalingan? Bakit tumutumpak post ko????

[dr. d]

^

Troll ba ako aka kagalingan? Bakit tumutumpak post ko????

errr,
yes?
heh heh.

[Yatta]

[ANALYSIS] Debunking the deadly lies of Duterte’s economic managers

[Monseratto]

The Philippines and Vietnam lead ASEAN region in terms of remittances flowing into the country 🇵🇭🇻🇳

Basing on World Bank data published in 2019, global remittances totalled $689 billion in 2018, up from $633 billion in 2017.

Accordingly, the Philippines (ranked 4th in the world) is a country with foreign workers sending money the most in ASEAN with 33.8 billion USD, accounting for nearly 10% of GDP of this country. As estimated data of 2019, there are over 12 million overseas Filipinos. As the country with the most diaspora in Southeast Asia.

Another country participating in the ranking at No. 8 in the world is Vietnam, with more than 4.5 million oversea Vietnamese worldwide. The amount of remittances they send to develop the country is 15.9 billion USD.

Remittances contribute to increasing the country's foreign currency reserves, which are used for international payments. As well as increasing the source of savings, expanding the domestic consumption market of that country.

[Monseratto]

Your government's helpless situation...

Philippine Stock Rout Seen Deepening on Stringent Virus Curbs - Bloomberg

[uls]

PH economy double whammy

rising prices in a low demand environment

[uls]

[baludoy]

Dennis uy's holding company struggles amid pandemic concerns after rapid m & a moves




Sent from my ASUS_Z00AD using Tapatalk

[Athrunzala]

Dennis uy's holding company struggles amid pandemic concerns after rapid m & a moves




Sent from my ASUS_Z00AD using Tapatalk

malas lang niya, he took out big loans from banks, then the COVID outbreak began, this could be Orient Bank 2.0 of the Asian Financial Crisis in the late 1990s

[uls]

About Bloomberg Agriculture Subindex
Formerly known as Dow Jones-UBS Agriculture Subindex (DJUBSAG), the index is a commodity group subindex of the Bloomberg CI. It is composed of futures contracts on coffee, corn, cotton, soybeans, soybean oil, soybean meal, sugar and wheat. It reflects the return of underlying commodity futures price movements only and is quoted in USD.

PH is sooo not ready for this

[uls]

PH is so not ready for this

[uls]

if you're an importer you know what i'm talking about

your suppliers raised prices

malaki ang itinaas

kailangan ka din magtaas ng presyo

kaya ba ng mga customer mo ang bagong presyo?

sa itsura ng economy natin?