Philippine Economy Talk

[Mask Rider Blac]

BSP unscheduled rate hike 75bps

Wala naman sigurong mag-disagree to that number [emoji16]

Sent from my CPH1911 using Tsikot Forums mobile app

[uls]

^^^

should have hiked earlier

natauhan na

[shadow]

^^^

should have hiked earlier

natauhan na

Yan sinasabi ko eh too late...wala na kwenta. Masyado conservative si Diokno.


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[papi smith]

Giant has fallen: Ayala Land loses premium as Sy-blings’ SM Prime, Frederick Go’s Robinsons Land take top spot among property stocks – JP Morgan

Don't have enough money to buy a property from them, so I bought some of their shares yesterday. Hope it bottoms soon.

[Monseratto]

[uls]

the psychology now is the Fed is done tightening

going forward the Fed won't be as aggressive

so good for risk assets

[uls]

Bank loans expand 12% in June | Philstar.com

MANILA, Philippines — Credit growth accelerated to the fastest pace in more than two years in June despite the series of interest rate hikes by the Bangko Sentral ng Pilipinas (BSP) to curb rising inflationary pressures.

Loans extended by big banks grew by 12 percent in June from 10.7 percent in May. This was the fastest since the 12.7-percent growth recorded in April 2020.

Loans disbursed by universal and big banks amounted to P10.19 trillion in end-June, P1.09 trillion higher than the P9.1 trillion recorded in the same period last year.

The BSP also reported a 10.6-percent increase in consumer loans to P903.81 billion for a share of 8.9 percent of the total loans. Credit card loans grew by 18.9 percent to P475.94 billion, offsetting the 0.2-percent decline in auto loans to P327.05 billion.

[uls]

products ng vitarich -- poultry and hog feed

[Monseratto]

Waiting Bobo M's comment...

[uls]

this is good news

OFW remittances up 4.4% in June | Inquirer Business

Cash remittances that overseas Filipinos workers abroad sent to the Philippines through banks increased by 4.4 percent to reach $2.8 billion last June from $2.6 billion in the same month of 2021.

A significant portion of receipts was sent from the United States, Saudi Arabia, Japan, Qatar, and Singapore.

June data brought the total for the first semester to $15.3 billion, an increase of 2.9 percent from $14.9 billion in January-June 2021.

but still...

mabilis ang pagbaba ng dollar reserves ng Pinas

remittances can partially offset the decline

[uls]

dami pera mga tao

exceed pre-covid

[dr. d]

dami pera mga tao

exceed pre-covid

eerrr,
why the post, po?
what's this company all about?

[uls]

eerrr,
why the post, po?
what's this company all about?

who is SSI group?

SSI Group

what brands does SSI group distribute in PH?

Brands — SSI Group

[papi smith]

eerrr,
why the post, po?
what's this company all about?

They hold retailers, so it's a sign that the economy is normalizing.

[uls]

eerrr,
why the post, po?
what's this company all about?

matibay ang pinoy consumer

despite high fuel prices and increasing prices of necessities

kaya pa mag discretionary spending

[dr. d]

matibay ang pinoy consumer

despite high fuel prices and increasing prices of necessities

kaya pa mag discretionary spending

... discretionary spending...
oh!
yung mag-su-subsist on banana Q for lunch for several months, just so's he can buy the latest nike?
heh heh heh.

someone once wrote,
"you are seeing the problem, when the other person is seeing the solution".

[uls]

5.6 billion revenue, 491 million net income Q2

for a company that deals with those brands

that means pinoy consumers have a lot of extra money

[dr. d]

5.6 billion revenue, 491 million net income Q2

for a company that deals with those brands

that means pinoy consumers have a lot of extra money

maybe not as much, individually.
but as there are so many of them naman...
malaki na nga!

i once asked my japanese colleague, about the wealth of the japanese. this was in the late 90s.
"dr. d, the individual, no. but the government, yes. because there are so many of us contributing to it."

[uls]

^^^

i don't go malling much these days pero sabi ng mga kilala ko dami daw tao sa mga luxury brands stores sa makati

(in contrast to what kagalingan says nilalangaw)

[dr. d]

^^^

i don't go malling much these days pero sabi ng mga kilala ko dami daw tao sa mga luxury brands stores sa makati

(in contrast to what kagalingan says nilalangaw)

what i would like to be informed about, are the sales figures.
baka naman kasi, lookers-and-not-buyers lang ang mga 'yan.

years ago,
a knowledgeable person once commented on the molopisha at that time,
"maraming tao diyan, but they still do not spend enough..."

kags sees (imagines!) what he wants to see...
living embodiment of tunnel vision and "i see what i want to see...".
heh heh.