Philippine Economy Talk

[Yatta]

When he isn't pumped up full of fentanyl...



Just a moment...

Duterte said that retail prices of rice could even reach as high as P90 per kilo.

He said Filipinos should accept the fact that there is no way for the price of rice to go down to P20 per kilo, which is too low and not realistic, considering the present market situation.

[Monseratto]

Marcos Jr next target for price control...

[Athrunzala]

USDA: PH is now world's top rice importer


Proud to be Filipino! We are number 1!

[uls]

hello

Philippines beats China as world?s biggest rice importer | Philstar.com

Philippines beats China as world’s biggest rice importer
Louise Maureen Simeon - The Philippine Star
November 11, 2019 | 12:00am

MANILA, Philippines — The Philippines has topped China in terms of buying rice in the global market, making it the world’s biggest rice importer for 2019.

The Philippines is set to reach its record-high rice imports at three million metric tons (MT) this year, beating China’s requirements after Manila opened the floodgates to rice importation.

This year, China is importing 2.5 million MT, lower from the earlier projection of 3.15 million MT amid abundant domestic supply.

[dreamur]

Hehe...China weak rice eater [emoji1787]

Sent from my SM-S908E using Tsikot Forums mobile app

[uls]

pinas the land of unli rice extra rice

[boybi]

pinas the land of unli rice extra rice

Rice is life.

[dr. d]

... marami bang rice boys dito satin...?

[Monseratto]

?Philippines economy losing steam? | Philstar.com

The Philippine economy is losing steam much faster than anticipated, prompting another foreign bank to slash the country’s gross domestic product (GDP) growth forecast this year.

In its latest Asia Economic Outlook Q4 2023, ANZ said it has lowered its GDP growth projection for the Philippines to five percent, from 5.8 percent, for this year.

“The Q2 2023 outcome was weaker than anticipated and prospects are subdued. Private consumption growth should continue to moderate on the back of slower growth in remittances and an uninspiring pattern of job creation,” ANZ said.

It added that both the Philippine Statistics Authority (PSA) and World Bank have confirmed that the bulk of new job creation has been in agriculture and sales, both of which are low paying.

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https://www.philstar.com/business/20...y-losing-steam

The Philippine economy is losing steam much faster than anticipated, prompting another foreign bank to slash the country’s gross domestic product (GDP) growth forecast this year.

In its latest Asia Economic Outlook Q4 2023, ANZ said it has lowered its GDP growth projection for the Philippines to five percent, from 5.8 percent, for this year.

“The Q2 2023 outcome was weaker than anticipated and prospects are subdued. Private consumption growth should continue to moderate on the back of slower growth in remittances and an uninspiring pattern of job creation,” ANZ said.

It added that both the Philippine Statistics Authority (PSA) and World Bank have confirmed that the bulk of new job creation has been in agriculture and sales, both of which are low paying.

[baludoy]

^ so asan na iyong much ballyhooed investment pledges na nakuha daw sa mga int'l trips Ng pres

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[Ry_Tower]

^ so asan na iyong much ballyhooed investment pledges na nakuha daw sa mga int'l trips Ng pres

Sent from my RMX3690 using Tsikot Forums mobile app

Next Singapore F1 GP daw meron na yan for sure.

[uls]

so BSP is still far from lowering interest rates

PH inflation quickens anew to 6.1% in September

Metro Manila (CNN Philippines, October 5) — The country’s commodity prices were on the rise anew as the inflation rate increased to 6.1% in September, the Philippine Statistics Authority (PSA) reported on Thursday.

According to data from the PSA, inflation was hotter last month than the 5.3% posted in August.

[Monseratto]

[Monseratto]

Philippine PSEi Broke 6000 Support Before Possible Off-Cycle Hike!

BSP Chief Remolona signaled it may raise interest rates as early as today or next Thursday on inflation risks.

PSEi noonbreak closed at 5,987.49 -67.01 -1.11% as of 12:00pm

[Monseratto]

PSE's Financial Index Falls 1.24%

Philippine Banks Fall On Slowing Loan Growth

BSP Chief Remolona press breifing at 3:00 pm today

BSP flagged the possibility of an off-cycle rate hike as early as today

MBT -2.70%, SECB -1.12%, BPI -1.15%, BDO -0.78%

PNB -0.43% CHIB -0.17%

[Monseratto]

BSP raises interest rate to 6.5% off-cycle to address rising prices

[uls]

if inflation comes from the demand side, you slow down inflation by slowing down credit growth -- make borrowing money more expensive (rate hikes)

if inflation comes from the supply side, you need to increase supply to slow down inflation

this is NEDA a day before BSP's off-cycle rate hike



so why did BSP increase interest rates again if inflation comes from the supply side?

[Monseratto]

How desirable is the PH to investors? Dead last in SEA...

Daily Stock Exchange turnover

[KKagalingan]

ayan yung sinasabi nung president ng mga private banks na supply ang problema.

[Monseratto]

Recession is coming...

US interest rates are now higher than the rest of our ASEAN neighbors.

Notice that longer tenors are lower than the shorter tenors. Already an inverted yield curve. A dangerous sign for SG, VN and the US.