Philippine Economy Talk

[uls]

Hmmm Laki ulit bagsak ng PSEi...


As of May 17, 2018
3:20:00 PM

PSEi
7,694.12
DOWN -175.44pts
DOWN -2.23%▼

almost wiped out 2 days of strong gains

almost

[2lits17]

No worries...China will bail us out. The great wall will not allow the poon to fall flat on his face.

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promise?!?!

hanggang salita lang naman ang China. well...lets see. ano mangyayari sa mga promise nila sa Governor of China to Philippines

[uls]

inflation seen rising above 5%

BSP cannot just hike once and hope for the best

at least another rate hike is needed this year

but growth may slow due to tighter monetary policy

[uls]

breaking : Philippines ready to suspend oil tax if prices hit trigger


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[uls]

headwinds for PH stocks: lower-than-expected corporate earnings, oil prices, inflation

[dreamur]

Im not worried at all. Heck, China will bail us out. Hindi pababayaan ng China magkagulo ang pinas. [emoji14]

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[Trippin]

Im not worried at all. Heck, China will bail us out. Hindi pababayaan ng China magkagulo ang pinas. [emoji14]

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Ang buong pinas ba ang ibbail out or tanging si Gong Di?

[dreamur]

Ang buong pinas ba ang ibbail out or tanging si Gong Di?

16M lang....errrr 21M na pala. 🤣🤣🤣

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[baludoy]

12 year low na ang peso sa dolyares [emoji43]

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

[Monseratto]

Best place to invest... NOT.

Philippines slips 9 notches in competitiveness ranking

MANILA, Philippines – The Philippines plummeted 9 notches to 50th spot out of 63 economies in this year’s World Competitiveness Yearbook (WCY) rankings of the International Institute of Management Development (IMD).

This is the country’s largest year-on-year decline over the last decade and the sharpest drop among regional peers. Over the last 5 years, the Philippines’ ranking fluctuated in the low 40s, placing 41st in 2015 and 42nd in 2014 and 2016.

The WCY ranks the competitiveness of countries based on 4 pillars – economic performance, government efficiency, business efficiency, and infrastructure. The Philippines dropped in rank across all factors in the latest rankings.

The biggest fall was in economic performance, which plunged to 50th from last year’s 26th spot.

Infrastructure continued its losing streak, now at 60th from 54th.

Business efficiency (38th) and government efficiency (44th) dropped 10 and 7 notches respectively.

[dreamur]

Best place to invest... NOT.

Philippines slips 9 notches in competitiveness ranking

Im sure TRAIN has nothing to do with it. :D

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[uls]

[Monseratto]

Budget deficit swells to P116 billion in 4 months | Philstar.com

[dreamur]

Budget deficit swells to P116 billion in 4 months | Philstar.com

Ayon. Totally erased na ang legacy ng previous admins.

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[uls]

Budget deficit swells to P116 billion in 4 months | Philstar.com

Gov't underspending leads to narrower budget deficit as of April

MANILA, Philippines – The Philippines narrowed its budget deficit in the 1st 4 months of the year to P115.9 billion, after it posted a budget surplus in April alone, signaling that the government has been spending less than what has been budgeted.

A budget deficit happens when expenses exceed revenues, while a surplus means revenues exceed expenses. Both are indicators of an economy's financial health.

says there's a budget surplus in April

govt should spend more

pump it back into the economy

ganito

the govt has been taxing the public more since january (train)

what they should do is spend it

so the money goes back into circulation

(public sector deficit is private sector surplus, public sector surplus is private sector deficit)

you don't take money from the private sector and sit on it

you will deprive the private sector of money they would have made doing business with the govt

[uls]

had a short text chat with an economist who works in the HK office of a european bank

she analyzes emerging asia

i had to ask an expert re something the BSP is doing

i don't understand why the BSP would cut RRR

as if there isn't enough inflation

BTW, RRR means reserve requirement ratio which is the amount of money banks should set aside in ratio to deposits

when you cut RRR, banks can lend out more money which unleashes liquidity into the financial system which causes inflation

in case you missed it, the BSP just announced a RRR cut yesterday

and there was a RRR cut in Feb

if the BSP is fighting inflation, why the hell would they cut RRR?

-

me: I don't understand what our central bank is doing. Inflation is rising so they just had a rate hike but they cut RRR today. Why would they want more liquidity in the system when they're fighting inflation?

she: Well, the answer is rather simple - growth! They want to release liquidity to support GDP expansion, which doesn't need help obviously as it is already overheating with inflation rising so fast! But what the gov wants, it gets. But it will also get a weaker peso & more inflation

-

there you go

[uls]

no wonder PSEI rose 92 points yesterday

the market loved the RRR cut

but the peso didn't

[uls]

USDPHP 52.60

thanks to the RRR cut

that's 100 billion pesos to be unleashed into the financial system

now i'm convinced the BSP's priority isn't fighting inflation

Their priority is growth

they're willing to let the economy run hot

[Ry_Tower]

Slower growth, higher prices or more subsidies: Asia’s oil-related trilemma >> Manila Bulletin Business

Malas timing ng closure ng Bora at paghihigpit sa mga tourist spots.

[uls]

Report: a labor group is demanding national minimum wage of P800/day

MOAR INFLATION