Philippine Economy Talk

[Monseratto]

Philippine economic growth slows to 4.3% in Q2 223, missing expectations

The Philippines is no longer the fastest growing economy in Southeast Asia, as government underspending and scorching inflation drag down economic recovery
MANILA, Philippines – The Philippine economy posted slower-than-expected growth in the April-June period despite revenge spending and tourism recovery, as scorching inflation and government underspending weighed down economic recovery.

The Philippine Statistics Authority on Thursday, August 10, announced that gross domestic product (GDP) grew 4.3% in the second quarter, slower than the 6.4% posted in the first quarter and the 7.5% registered in the same period a year ago.

The latest figure is significantly below the 6% projected by analysts in a BusinessWorld poll.

It is also the lowest growth rate since the first quarter of 2021. Excluding the pandemic, it is the slowest growth rate since 2011.

[uls]

something that hasn't returned to pre-pandemic level

cinema



Oppenheimer is the only movie that made me go to the cinema in 3 years

[Yatta]

Back to the golden ages...


Amid rising rice prices, DTI chief says Pinoys should adjust diet | GMA News Online

Trade Secretary Alfredo Pascual has advised Filipinos to look for alternatives amid the increase in the prices of rice, which already reached over P50 per kilo.

During the Kapihan sa Manila Bay forum on Wednesday, Pascual said that Filipinos should “adopt and adjust our, maybe our diet.”

“Our diet is very traditional. We are used to eating rice…,” he said.

The Trade chief said alternatives such as camote or sweet potato as well as white corn can serve as a substitute for rice.

However, Pascual clarified that “I’m not saying, I’m pushing it now.”

[uls]

what's happening to converge stock

[Monseratto]

what's happening to converge stock

Pati SMPH ...

[papi smith]

If SMPH collapses next week, it's gonna take the PSEi down with it. With interest rates and USD rising, it might be the perfect storm [emoji1696]

[uls]

Pati SMPH ...

flight to cash

maybe something bad gonna happen

[viper888]

Converge is an expensive stock that has hit a wall in terms of increasing subscriber numbers. PE ratio is still 8+

SMPH is simply hit by bad news regarding the reclamation projects

SM stops Manila Bay reclamation work, seeks next steps from gov’t - Manila Standard

[papi smith]

Converge 8 P/E is not too far from PLDT 10 and Globe 8. In a bull market these are dirt cheap. Of course, times are different now.

[Monseratto]

Bahala na si Batman! | Philstar.com

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Bahala na si Batman! | Philstar.com

[uls]

$1.7B for 2 subs (P96B)



pang rice subsidy sana yan

[Monseratto]

[uls]

4 months ago...



now...

[travajante]

Bloomberg - Are you a robot?

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[uls]

P10,000,000 is the new P1,000,000

[Mask Rider Blac]

A month or few months ago, avocado was at P100 or less per kilo. Now P200+- per kilo dahil hindi season.

Sent from my CPH1911 using Tsikot Forums mobile app

[dreamur]

And US$ is about to breach 57. It's gonna be a cold Christmas.

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[c_cube]

And US$ is about to breach 57. It's gonna be a cold Christmas.

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Just did



Sent from my iPhone using Tapatalk

[Monseratto]

P10,000,000 is the new P1,000,000

Many are saying the 2 months of lower inflation were just faked by BaBy M regime to make pogi for his SONA. His Dictator father did the same thing before.

[uls]

Many are saying the 2 months of lower inflation were just faked by BaBy M regime to make pogi for his SONA. His Dictator father did the same thing before.

For me hindi naman faked

Totoo naman bumaba ang oil price and lumakas ang php

Kaya nagkaroon ng madami rollback

That slowed down inflation

(Look at ytd charts of brent and usdphp)