New and Used Car Talk Reviews Hot Cars Comparison Automotive Community

The Largest Car Forum in the Philippines



Page 193 of 355 FirstFirst ... 93143183189190191192193194195196197203243293 ... LastLast
Results 1,921 to 1,930 of 3547
  1. Join Date
    Oct 2002
    Posts
    19,512
    #1921
    Quote Originally Posted by jut703 View Post
    Dito ba sa Tsikot merong severely impacted yung kabuhayan because of COVID? Parang kung magpost naman mga tao, immune sila sa COVID kahit naka ECQ.

    I would assume the employees here are ok. Hindi naman arawan mga member dito. Yung mga may negosyo sinasabi ok naman sila kahit hindi magoperate and may pera naman.

    It's really the lower income Filipinos that are affected. We are all facing the same storm but we definitely aren't on the same boat.

    Sent from my SM-N970F using Tapatalk
    We have franchised businesses (restaurants and spas). Most probably mabankrupt na spa. Restos naman, if maging take out and deliveries pa din until year end, sarado na din.

    Ano magiging effect ng covid crisis sa banking system? What if madami mag default sa mga loans? What will happen to lending rates? TD rates?

    How about currency market?
    Signature

  2. Join Date
    Dec 2006
    Posts
    16,505
    #1922
    Quote Originally Posted by uls View Post
    jut703:



    i'm the one who's super concerned about the economy and wants the lockdown lifted

    somebody here was repeatedly implying that i'm in financial trouble kaya gusto ko ma-lift ang lockdown

    hindi naman ma-bring up ung tungkol sa ganun if somebody wasn't repeatedly trolling

    actually he's the one who's implying that he's so rich he can survive a lockdown no matter how long it lasts

    #matira_ang_whatever
    I agree that we should be looking at the situation as a whole as opposed to just the immediate effects to us personally.

    Also unproductive to be goading people to say that they are pushing one direction over the other even if it doesn't affect them as cognitive dissonance, so wag nalang patulan.

    It's prudent to slowly restart the economy, but the big prerequisite is to have mass testing and contact tracing. This is how other countries are able to resume the economy while still taking care of its citizens. Until we have that, people will always clamor against economic normalization.

    Sent from my SM-N970F using Tapatalk

  3. Join Date
    Nov 2005
    Posts
    34,815
    #1923
    Quote Originally Posted by boybi View Post

    Ano magiging effect ng covid crisis sa banking system? What if madami mag default sa mga loans? What will happen to lending rates? TD rates?

    How about currency market?
    definitely madami mag default sa loans

    banks are getting ready for that

    (pero before default mag restructuring muna)

    BSP will stand behind the biggest commercial banks

    worst case BSP will print money to buy bad loans to save the banks

    --

    naka ilan rate cut na ang BSP... lending rates should be lower

    depende na sa bangko if they will pass the lower rates to clients

    if you're creditworthy naman you'll get low rates

    --

    coz BSP lowered rates, damay ang rates paid on savings, TD

    --

    USDPHP

    problema pag humina ang pasok ng $$$ dahil madami OFW nawalan ng trabaho
    Last edited by uls; May 22nd, 2020 at 04:42 PM.

  4. Join Date
    Oct 2002
    Posts
    19,512
    #1924
    If BSP will print money to buy the debts, di ba tatas inflation natin?

    Re: currency, of if few USD getting here, means tataas USD vs PHP. Patay naman nyan import business.
    Signature

  5. Join Date
    Nov 2005
    Posts
    34,815
    #1925
    it's hard to create inflation when the economy is experiencing negative growth

    if BSP will print money to take bad loans off banks' books, that's only to stabilize banks

    i don't think banks will go on a lending spree after that

    --

    pag humina ang PHP tataas ang import prices that's gonna cause inflation

    but if the economy is weak there won't be a lot of demand for imports
    Last edited by uls; May 22nd, 2020 at 06:03 PM.

  6. Join Date
    Feb 2008
    Posts
    10,759
    #1926
    Quote Originally Posted by uls View Post
    jut703:



    i'm the one who's super concerned about the economy and wants the lockdown lifted

    somebody here was repeatedly implying that i'm in financial trouble kaya gusto ko ma-lift ang lockdown

    hindi naman ma-bring up ung tungkol sa ganun if somebody wasn't repeatedly trolling

    actually he's the one who's implying that he's so rich he can survive a lockdown no matter how long it lasts

    #matira_ang_whatever
    Oh cathy nagpaparinig. Diba i-ban mo?

    #matira_ang_tunay_na-lalaki

    Sent from my SM-N970F using Tapatalk

  7. Join Date
    Nov 2010
    Posts
    21,653
    #1927
    Quote Originally Posted by uls View Post
    even if you're on the biggest boat (coz you got billions in the bank)

    when the banks fail you'll end up in a life boat
    But that definitely won't happen. If the Philippines is facked, they'll just go somewhere else.

    The spanish flu was way worst, yet the world recovered.

    Sent from my SM-N960F/DS using Tapatalk

  8. Join Date
    Dec 2006
    Posts
    16,505
    #1928
    In light of the pandemic, it seems that maintaining your current income is already the best-case scenario. We see so many sectors affected - restaurants, tourism, events, recreation, automobile, petroleum, and so on.

    We see some sectors holding - mostly essential food and household goods, hygiene products, healthcare.

    But have not seen any booming sectors (i.e. businesses growing sustainably faster than pre-covid times). Everyone is just struggling to stay afloat. Millions have lost their jobs or have significantly reduced their income. Many SMEs have taken such big financial hits that they might not be able to reopen.

    Even if the economy does indeed reopen, it'll be a while before consumption returns back to pre-covid levels. What doesn't help is our government's slow and uncoordinated response.

    We lose 18B per day that we are on ECQ as the economy continues to suffer. That is an expensive cost compared to what it takes to restart the economy - mass testing and contact tracing.

    Sent from my SM-N970F using Tapatalk

  9. Join Date
    Nov 2005
    Posts
    34,815
    #1929
    yes JUT703

    grabe ang damage

    understand why i was sounding the alarm in this thread

  10. Join Date
    Dec 2006
    Posts
    16,505
    #1930
    Quote Originally Posted by uls View Post
    yes JUT703

    grabe ang damage

    understand why i was sounding the alarm in this thread
    Bakit naka-all caps username ko?Philippine Economy Talk

    Definitely the economy will be in shambles (if it isn't already). But really before we can even try saving or rebuilding it, we need to be sufficiently equipped to fight the pandemic. Machismo and militarism will not save us. Let Bolsonaro and Brazil be a warning of what happens when a populist president of a 3rd world country does nothing.

    We need mass testing (targeted testing if you want to call it that) and contact tracing. I don't understand why we still aren't prioritizing this.

    Sent from my SM-N970F using Tapatalk

Tags for this Thread

Philippine Economy Talk