Philippine Economy Talk

[baludoy]

https://www.bilyonaryo.com/2022/01/1...final-curtain/

not sure if this was posted already pero... da who (maski obvious naman kung sino) ?

[baludoy]

3 branches of fully booked to be permanently closed down. [emoji22]

Fully Booked announces permanent closure of 3 Metro Manila branches | Inquirer News



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

[thearsenal1205]

3 branches of fully booked to be permanently closed down. [emoji22]

Fully Booked announces permanent closure of 3 Metro Manila branches | Inquirer News



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

Are they switching to online store?

Sent from my SM-N970F using Tsikot Forums mobile app

[baludoy]

Are they switching to online store?

Sent from my SM-N970F using Tsikot Forums mobile app

Matagal nanaman iyan sila may online presence/ store...years prior to the pandemic pa.

Nakakapanghinayang lang kasi iyong non-mainstream books jan ko dati nakikita. Minsan nakiki-basa at tambay pa ako. [emoji16] At its peak, pumupunta pa ako sa branch nila sa bgc to buy hard-to-find CDs Tulad ng treasured the black crowes compilation ko [emoji4]

naalala ko na-alarm pa ang national bookstore kasi medyo unusual nga ang paperback inventory nila kaya napilitan sila mag open ng power books bookstore chain.

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

[papi smith]

That's the problem with stores that cater mostly to the upper class, during this pandemic, kung sino pa yung may pera ang siyang ayaw lumabas.

[ice15]

What has happened since Lee Kuan Yew's advice to PH 30 years ago? | The Manila Times

[uls]

What has happened since Lee Kuan Yew's advice to PH 30 years ago? | The Manila Times

pro-admin daw ang manila times

-

anyway, binasa ko ung article

takot kasi mga oligarchs natin sa foreign competition

30 yrs ago? post-edsa1986 hawak ng mga yellow oligarchs ang gobyerno kaya may protectionist policies (like limit to foreign ownership)

kaya iwan tayo as predicted by LKY

[ice15]

pro-admin daw ang manila times

-

anyway, binasa ko ung article

takot kasi mga oligarchs natin sa foreign competition

30 yrs ago? post-edsa1986 hawak ng mga yellow oligarchs ang gobyerno kaya may protectionist policies (like limit to foreign ownership)

kaya iwan tayo as predicted by LKW

agree ako syo na takot tayo sa foreign competition.

what's worst is that as consumers, mas prefer din natin ang imported compared to local goods.

[uls]

kaya pag nanalo si leni, balik sa kapangyarihan mga yellow oligarchs

same old same old

[uls]

agree ako syo na takot tayo sa foreign competition.

what's worst is that as consumers, mas prefer din natin ang imported compared to local goods.

it's not a matter of imported goods

it's a matter of letting foreign companies (that are usually bigger than local ones) to provide consumers with better service/products

like better phone service (there was a time PLDT had no competition... wala globe, wala bayantel... kahit lagi sira landline wala ka choice)

like better power service (sino kalaban ni meralco?)

example lang yan

[Athrunzala]

I don't think we would have a very successful Jollibee now without the entrance of McDonald's in the Philippines in the 70s or 80s.

Basically McDonald's gave Tony Tan Caktiong all the ideas on how to operate a successful world class fast food business.

[uls]

so you got local companies protected by politicians via protectionist laws

those companies can provide lousy products/service at high prices coz wala sila kalaban

insane profits allow their owners to pee in golden toilets

oh yes they provide employment naman daw

yeah

the only ones who get paid enough to climb out of poverty and enter the middle class are executives of those companies

the rest of the population need to look for work abroad

[dr. d]

healthy competition.
the industry improves.
the consumer wins.

[ice15]

it's not a matter of imported goods

it's a matter of letting foreign companies (that are usually bigger than local ones) to provide consumers with better service/products

like better phone service (there was a time PLDT had no competition... wala globe, wala bayantel... kahit lagi sira landline wala ka choice)

like better power service (sino kalaban ni meralco?)

example lang yan

well, may point na local companies (like Meralco) do not have competition, and even if a local company decides to compete against it, wala silang size and capital to scare Meralco. Just look at Dito, ilan ang kilala mong nagswitch sa kanila?

as simple as small consumer items, when was the last time you purchased anything from Bench? (ako, June 2021. napigtas yung slippers ko sa harap ng Bench )
when was the last time you used a Cherry phone
In Japan, Japanese buy local meat and fruits kahit mas mahal compared sa imported kasi they know its good quality
Dito sa atin, hog raisers are crying foul over imported frozen pork
I was in Baguio last November and a lady from the market was trying hard to explain why their more expensive carrot is way better than the imported ones.

[uls]

well, may point na local companies (like Meralco) do not have competition, and even if a local company decides to compete against it, wala silang size and capital to scare Meralco.

for those who remember how bad PLDT's landline service was during the 80s and 90s

if gov't allowed a foreign company much larger than PLDT to provide phone service... mas maunlad pa sana tayo ngayon kesa kung ano tayo ngayon

-

re meralco

ano ba reklamo lagi ng mga foreign investor?

poor infrastructure, high cost of power

[uls]

as simple as small consumer items, when was the last time you purchased anything from Bench? (ako, June 2021. napigtas yung slippers ko sa harap ng Bench )
when was the last time you used a Cherry phone
In Japan, Japanese buy local meat and fruits kahit mas mahal compared sa imported kasi they know its good quality
Dito sa atin, hog raisers are crying foul over imported frozen pork
I was in Baguio last November and a lady from the market was trying hard to explain why their more expensive carrot is way better than the imported ones.

layo ng point mo dun sa article

the article is about PH's foreign investment restrictiveness

[uls]

look, consumers are price sensitive

kung may mas murang imported, di bibilhin ung lokal na mas mahal

so ano solusyon diyan?

i-ban mo ung imported?

taasan mo ung tax? (protectionist)

so talo consumer -- pipilitin mo ung consumer bumili ng lokal na mas mahal

ano dapat solusyon?

alamin ng gobyerno baket mas mahal ang lokal

baka dahil sa taxes

baka dahil sa presyo ng kuryente

baka dahil sa kotong

i-address ang mga problema para maibaba ang presyo ng lokal

[ice15]

layo ng point mo dun sa article

the article is about PH's foreign investment restrictiveness

I was just stating a fact na mahirap na nga mag-open ang foreign companies sa atin

tapos we can't rely on being "consumer based" (to drive the economy) kasi we also prefer imported items.

***

If the gov't allowed 100% foreign owned companies to operate in our country... sana nandito na GoJek

[ice15]

look, consumers are price sensitive

kung may mas murang imported, di bibilhin ung lokal na mas mahal

so ano solusyon diyan?

i-ban mo ung imported?

taasan mo ung tax? (protectionist)

so talo consumer -- pipilitin mo ung consumer bumili ng lokal na mas mahal

ano dapat solusyon?

alamin ng gobyerno baket mas mahal ang lokal

baka dahil sa taxes

baka dahil sa presyo ng kuryente

baka dahil sa kotong

i-address ang mga problema para maibaba ang presyo ng lokal

as I mentioned earlier. bakit sa Japan they prefer to buy local kahit mas mahal?

same with our neighboring countries

[uls]

I was just stating a fact na mahirap na nga mag-open ang foreign companies sa atin

tapos we can't rely on being "consumer based" (to drive the economy) kasi we also prefer imported items.

***

If the gov't allowed 100% foreign owned companies to operate in our country... sana nandito na GoJek

or nandito na walmart, costco etc

wala nga sila dito dahil restrictive nga ang Pinas