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  1. Join Date
    Nov 2005
    Posts
    34,875
    #2311
    Quote Originally Posted by xwangbu View Post
    malaki ba impact nitong rate cut sa loan interest rates ng mga banko? mga ilang percent kaya ibababa?


    BSP interest rate




    Malaki ang binaba ng cost of money itong 2020

    question is will commercial banks pass the lower rates to borrowers

    considering there are few creditworthy borrowers now coz of the massive hit to income

    many people / companies are having cash flow problems so banks would be hesitant to lend

    paano babayaran mga bangko wala naman kita

    but if you're a creditworthy borrower... talk to your bank
    Last edited by uls; June 25th, 2020 at 07:29 PM.

  2. Join Date
    Oct 2002
    Posts
    19,525
    #2312
    Banks are saying their cost to source funds for loans are very high, hence, they cannot pass over the lower rates to borrowers.
    Signature

  3. Join Date
    Nov 2005
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    34,875
    #2313
    Quote Originally Posted by boybi View Post
    Banks are saying their cost to source funds for loans are very high, hence, they cannot pass over the lower rates to borrowers.
    when the central bank lowers rates ang bilis ng mga bangko magbaba ng interest paid on deposits

    pero they can't pass lower rates to borrowers

  4. Join Date
    Nov 2005
    Posts
    34,875
    #2314
    cars priced 1 to 1.3M sweet spot



    the auto industry needs more YOLO clients



    it's a buyer's market now



    *saw slower growth

    did i mention i keep hearing people use the word survive lately



    hoping banks will pass lower interest rates to borrowers who wanna buy cars

    hoping gov't will help with rent

    Last edited by uls; June 26th, 2020 at 04:33 PM.

  5. Join Date
    Mar 2008
    Posts
    38,089
    #2315
    Quote Originally Posted by uls View Post
    cars priced 1 to 1.3M sweet spot
    minicars like the wigo and mirage, and the vios, aren't selling well yet?
    hmmm...
    i would have expected them to be the first to recover...

  6. Join Date
    Jan 2012
    Posts
    2,369
    #2316
    Curious lang ako and confused since wala ako idea how the economy really works eh. So if may 10M na pinoy ang nawalan ng work. Paano na buying power ng tao nyan? I mean yung 10M na tao na yan eh mga families niyan sila yung malaki ang ambag sa economy right? Mga lower-middle income class? Paano rin mga businesses na sinusuportahan nila if nawalan na work? Parang natatakot ako na magkakarecession na ba Pinas.


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  7. Join Date
    Nov 2005
    Posts
    34,875
    #2317
    ^^^

    kung ilan milyon ang nawalan ng trabaho (di pa sure ilan talaga) lahat yan wala na income so wala sila pang gastos

    ung mga tindahan/kompanya na nakikinabang sa gastos na yan... will see a decline in sales

    at dahil mas mahina ang kita ng mga tindahan/kompanya mag babawas din sila ng tao o magsara

    so mas madami mawalan ng trabaho

    chain reaction... interconnected lahat

    kaya paulit ulit ko sinasabi sa thread na ito kailangan gumastos ang gobyerno para suportahan ang economy

    bigyan ng gobyerno ng pera mga nawalan ng trabaho para may pang gastos (like DOLE 5000, SAP)

    bigyan ng gobyerno ng pera mga kompanya para may pang sweldo para di mag bawas ng tao (like SSS wage subsidy)

    basta kailangan ng gov't stimulus

  8. Join Date
    Dec 2006
    Posts
    16,521
    #2318
    Quote Originally Posted by carwhacko View Post
    Curious lang ako and confused since wala ako idea how the economy really works eh. So if may 10M na pinoy ang nawalan ng work. Paano na buying power ng tao nyan? I mean yung 10M na tao na yan eh mga families niyan sila yung malaki ang ambag sa economy right? Mga lower-middle income class? Paano rin mga businesses na sinusuportahan nila if nawalan na work? Parang natatakot ako na magkakarecession na ba Pinas.


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    100% sure that PH will go into recession.

    A recession is defined as 2 straight quarters of negative GDP growth. Q1 of 2020, -0.2% tayo. For sure Q2 is negative, Diokno expects -6.7% but other economic thinktanks forecast somewhere closer to -10%.

    In any case, most likely negative growth tayo the entire 2020. Something that didn't happen even during the '08 financial crisis.

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  9. Join Date
    Nov 2005
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    34,875
    #2319
    Quote Originally Posted by jut703 View Post
    100% sure that PH will go into recession.

    A recession is defined as 2 straight quarters of negative GDP growth. Q1 of 2020, -0.2% tayo. For sure Q2 is negative, Diokno expects -6.7% but other economic thinktanks forecast somewhere closer to -10%.

    In any case, most likely negative growth tayo the entire 2020. Something that didn't happen even during the '08 financial crisis.

    Sent from my SM-N970F using Tapatalk
    no doubt recession yan

    di lang basta recession... it's a deep one

    super super negative Q2 sigurado

    2020 is basically gone

  10. Join Date
    Oct 2002
    Posts
    34,080
    #2320
    Quote Originally Posted by uls View Post
    no doubt recession yan

    di lang basta recession... it's a deep one

    super super negative Q2 sigurado

    2020 is basically gone
    Yup. Deep, deep recession...

    6 months from now, hinde ko alam kung paano na Pilipinas? Unemployment, businesses closing left and right.

    Diyan talaga ako natatakot sa massive unemployment, it's not gonna be safe for everybody. First I'm afraid for peace na order then uncertainty we don't what will happen again 6 months lang ang iniisip ko I might be personally be affected, walang makapagsabi...

    Write off na nga 2020. So come 2021 recovery kung meron pang maiwan na i-recover?

    Do you think PH have the ability to dig us out of this hole?

    Sana makabawi sa mga end of the year pay mag open na at fully adjusted na with China virus kahit wala pang vaccine.


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Philippine Economy Talk