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  1. Join Date
    Oct 2012
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    #2331
    Quote Originally Posted by carwhacko View Post
    But my question naman now is willing ba govt to do this? I mean priority ba nila yan? Hay!


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    popularized term: "ayuda"

  2. Join Date
    Nov 2005
    Posts
    34,875
    #2332
    Quote Originally Posted by carwhacko View Post
    But my question naman now is willing ba govt to do this? I mean priority ba nila yan? Hay!


    Sent from my iPhone using Tapatalk
    meron stimulus bill

    House approves P1.3-trillion economic stimulus package vs pandemic

    kailangan bilisan nila

    ang tanong dun kailan mararamdaman ng economy ung pera?

  3. Join Date
    Oct 2002
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    19,524
    #2333
    Quote Originally Posted by uls View Post
    meron stimulus bill

    House approves P1.3-trillion economic stimulus package vs pandemic

    kailangan bilisan nila

    ang tanong dun kailan mararamdaman ng economy ung pera?
    How will SMEs benefit from that bill?
    Signature

  4. Join Date
    Nov 2005
    Posts
    34,875
    #2334
    Quote Originally Posted by boybi View Post
    How will SMEs benefit from that bill?
    i don't know the details

    here are some:

    House panel OKs P1.3 trillion economic stimulus package | Inquirer News

    testing

    Under the proposed Philippine Economic Stimulus Act (PESA), a P10 billion budget is allocated for massive testing which seeks to “alleviate ‘fear factor’” among the public since “without testing, workers will not go to work, consumers won’t go out and businesses won’t open.”
    wage subsidy

    The bill likewise provides P110 billion budget in wage subsidies under the Department of Labor and Employment (DOLE) and P30 billion for “cash for work” under the DOLE-Tulong Panghanapbuhay para sa Ating Disadvantaged/Displaced Workers (TUPAD).
    for students

    A P15 billion budget is also allocated to assist students affected by the pandemic.
    loans to businesses

    In terms of businesses’ financial capability, P50 billion is provided for loans for micro, small, and medium enterprises and P50 billion for zero-interest loans under the Land Bank of the Philippines (LBP) and Development Bank of the Philippines (DBP).
    cash assistance to businesses

    Funds are also provided to assist “critically impacted sectors” such as MSMEs (P10 billion), tourism (P58 billion), industry and service sectors (P44 billion), transportation (P70 billion) and agriculture (P56 billion).
    ^^^

    carwhacko baka may makuha ka dito (tourism)

  5. Join Date
    Dec 2006
    Posts
    16,521
    #2335
    Looks good sa press release pero pano nga ba execution? I'm not questioning the need for economic subsidy (there's no other way). Pero nagagamit ba and napapakinabangan?

    Honest question kasi di naman ako MSME so I wouldn't have firsthand experience. Ang alam ko lang yung pinangakong SAP samin (all residents of Pasig daw), hanggang ngayon wala pa. Kakarating lang ng survey form last week na pinapafill up tapos isusubmit.

    Pero baka hindi naman kasi kami priority since I'm sure mas priority yung ibang barangay sa Pasig and likely mas mabilis disbursement nila ng ayuda doon.

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  6. Join Date
    Nov 2005
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    34,875
    #2336
    yep press releases always sound good kaya i'm skeptical of press releases

    but there's no other way... only the gov't has money now

    they're the only player left in town

    the biggest companies (SM, Ayala etc) cut their capex

    i dunno who is expanding now

    maybe logistics companies

    --

    the gov't needs to hurry up and release the money

    the analogy i use is the economy is a person who lost a lot of blood

    the gov't needs to provide blood quickly para di mamatay
    Last edited by uls; June 29th, 2020 at 04:21 PM.

  7. Join Date
    Dec 2006
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    16,521
    #2337
    Quote Originally Posted by uls View Post
    yep press releases always sound good kaya i'm skeptical of press releases

    but there's no other way... only the gov't has money now

    they're the only player left in town

    the biggest companies (SM, Ayala etc) cut their capex

    i dunno who is expanding now

    maybe logistics companies

    --

    the gov't needs to hurry up and release the money

    the analogy i use is the economy is a person who lost a lot of blood

    the gov't needs to provide blood quickly para di mamatay
    Nagawa to ng China in 2008. In fact they did a better job of saving failing industries than the US did kaya mas mabilis silang nakarecover post-recession than the US (among other things).

    Kasi kahit corrupt sa China, maayos gobyerno nila magexecute. Dito corrupt na nga, kalat pa.

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  8. Join Date
    Sep 2003
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    21,876
    #2338

  9. Join Date
    Jan 2012
    Posts
    2,369
    #2339
    Nag apply ako ng ayuda sa DOLE for my employees kaso wala na raw budget kahit maaga ako nagsubmit naman March pa. Tapos apply rin ako subsidy ng BIR at SSS for SMEs kaso same response hindi raw unlimited funds. Pinalipas ko na lang.

    Sa loans naman as much as possible ayoko muna magloan kasi wala ako ipambabayad rin naman kahit zero interest pa saka high risk ang industry ko, papautangin kaya ako ng banks or govt financial institutions? Sa private banks baka since maayos credit ko pero wala naman zero interest don. Haha okay sana yung sa Landbank at DBP since zero interest.


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  10. Join Date
    Nov 2005
    Posts
    34,875
    #2340
    Quote Originally Posted by Monseratto View Post
    dito ka magtataka

    ang lakas ng PHP kahit naka 125 bps rate cut na ang BSP this year

    know why?

    coz of the lockdown

    the gov't stopped the economy dead in its tracks in March

    without economic activity imports fell in April



    with a smaller trade deficit, nag surplus ang current account natin



    kaya ang lakas ng PHP

    (investors use the current account of an EM country as a gauge: surplus good, deficit bad)

    --

    dahil sa paghina ng imports nakatipid tayo ng dollars

    combine that with dollars we got from foreign loans our forex reserves are at an all time high



    pero going forward we're facing headwinds

    sigurado mas konte ang OFW remittances
    Last edited by uls; June 29th, 2020 at 07:04 PM.

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Philippine Economy Talk