Philippine Economy Talk

[Sweetlucious]

Di ba nakatulong ang Kpop sa SK?

Sorry kung mababaw hahaha

[uls]

Di ba nakatulong ang Kpop sa SK?

Sorry kung mababaw hahaha

hehe

seriously malaki contribution ng kpop sa SK economy

di lang from direct music/broadcast sales, merch, concerts

dahil sa kpop/kdrama, the world became interested in SK

that translated to tourism numbers

naging popular ang korean fashion, make-up, food etc

[kisshmet]

i was waiting for someone to point that out

in the graph posted by Monseratto, the currencies of Vietnam, Singapore, Indonesia depreciated least coz they all have trade surpluses

Vietnam Balance of Trade - August 222 Data - 199-221 Historical

Singapore Balance of Trade - August 222 Data - 1964-221 Historical

Indonesia Balance of Trade - August 222 Data - 196-221 Historical

but Japan and South Korea are export oriented economies they should have trade surpluses right?

why did their currencies depreciate so much more?

coz their trade balance flipped to deficit

Japan Balance of Trade - August 222 Data - 1963-221 Historical - September Forecast

South Korea Balance of Trade - August 222 Data - 1966-221 Historical


unbelievable ba?

the home of toyota and nissan and sony...

the home of samsung and hyundai...

they're running trade deficits

so which is which..korean and japanese big brands relocated their manufacturing facilities outside their respective country more or the export of their home-manufactured products weakened before the world market?

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[uls]

so which is which..korean and japanese big brands relocated their manufacturing facilities outside their respective country more or the export of their home-manufactured products weakened before the world market?

Sent from my SM-A520W using Tsikot Forums mobile app

there's a simple explanation for their trade deficit

both countries are dependent on energy imports

TOKYO, Sept 15 (Reuters) - Japan ran its biggest single-month trade deficit on record in August as imports surged on high energy costs and a slump in the yen, exposing the economy's vulnerability to external price pressures.

September 23, 2022, 4:48 PM GMT+8

South Korea is rushing to find ways to reduce expensive energy imports after surging fuel costs and a weakening won pushed the country’s trade deficit to a record.

[Monseratto]

[Monseratto]

Umaasa si Bobo Marcos sa OFW dollars?

At Home sa Abroad: How is the local economic crisis affecting OFWs?

Households relying on overseas remittances may at first welcome a devalued peso. But income gains are quickly lost as prices of food and other goods also soar. Parents and breadwinners also have to deal with the new normal in face-to-face classes, as they adjust to new expenses to keep their children fed and in school.

[uls]

PH needs export $$$, OFW $$$, BPO $$$, tourism $$$, informal sector $$$ (freelance work online)

-

people keep making the argument walang kwenta ang $$$ padala ng OFWs kasi tumaas ang presyo ng bilihin so it cancels the benefit

ang dollar earner ba hindi nasa better position compared to peso earners?

ung pagtaas ng exchange rate absorbs the higher prices of goods and services

ung $100 = P5,000 dati, ngayon P5,800

that 800 pesos serves as a cushion to absorb higher prices

ang peso earner ung P5,000 = P5,000 parin

[dr. d]

Umaasa si Bobo Marcos sa OFW dollars?

At Home sa Abroad: How is the local economic crisis affecting OFWs?

the estimated 2021 filipino OFW remittance to the country is 31 billing dollars.
it may be small, but hey! i'm not gonna thumb it down.

[uls]

31 billion $$$ is not small

[uls]

BPO industry pulled in $29.5B

Export revenues of the information technology and business process management grew 10.6 percent in 2021 to $29.49 billion from $26.6 billion in 2020 as many companies adapted to remote working set-up, an industry group said Wednesday.

[Yatta]

The national government needs to further intensify revenue collection of existing taxes and come up with new ones as its debt stock breached the P13-trillion mark at P13.02 trillion as of the end of August, with new borrowings exceeding repayments.

According to the Bureau of the Treasury (BTr), P133.64 billion was added to total outstanding debt. This was incurred in August and represented a 1-percent increase in the debt stock that was pegged at P12.89 trillion at end-July.



Read more: More taxes ahead as PH debt stock breached P13T in August | Inquirer Business
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[uls]

dollar denominated debt is problematic

tax revenue in pesos need to buy $$$ to service $$$ debt

$$$ now more expensive need more PHP to buy $$$ (larger budget goes to debt servicing)

dollar reserves are declining (need more $$$ inflow)

[uls]

above 50 is expansion

below 50 is contraction

[shadow]

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[uls]

USDPHP opened at 58.6

[uls]

PH inflation accelerated

[uls]

same closing price as yesterday

[uls]

so far USDPHP not making new record high

[kisshmet]

^nilalabanan kaya ng tallano gold ang US$?

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[uls]

financial advisor*: "your money will earn higher returns in mutual funds"




*ahente ng insurance