Philippine Economy Talk

[uls]

Recession is coming...

MY, TH, PH yield curve normal

[boybi]

2 yrs na yata nagsasabing mag recession na. So kelan talaga?

[Ry_Tower]

2 yrs na yata nagsasabing mag recession na. So kelan talaga?

Well if you ask the CDE class, I'm sure they'll say its recession already.

[Monseratto]

Fire Diokno...

Yes men | Philstar.com

“The foreign chambers have cited the VAT refund as a reason for international investors to avoid the Philippines when Vietnam, Indonesia, Thailand and Malaysia are seeing massive inflows from suppliers relocating out of China. In 2022, the Philippines’ foreign direct investments dropped 22 percent to only $9.6 billion and have continued to fall this year. This belies what DOF Secretary (Benjamin) Diokno said are the ‘trillions of pesos’ in foreign investments from the President’s many international trips.

“Foreign chambers of commerce have publicly demanded the government pay them the VAT refunds owed them. One company alone has outstandings of P3.8 billion. Many of the companies are Japanese electronics exporters employing thousands of Filipinos and generating much needed foreign exchange. They have threatened to pull out if the issue is not resolved. Japanese rarely speak out so the problem must be serious.

The Philippines is reporting rosy debt/GDP ratios without saying these exclude our payables, be it the VAT refunds that multinationals have cited or payment to contractors and hospitals or pensions due the military personnel.”

And like companies that hoodwink their external auditors, our government is blindsiding credit rating agencies who cooperate with the charade. Heneral Lunacy writes:

“One, they (credit ratings) are based on lagging economic indicators and not on the future direction of an economy. They tell you where you came from but not where you are going.

“Two, they do not reflect governance, corruption, income gaps and the quality of government goods and services e.g. roads built under specs.

“Three, they exclude other financial liabilities like payables and pensions.

“Four, they grade economies on the curve: They do not say how strong you are, only how you are doing relative to your peers.

“And, lastly, they can be massively wrong. Credit Suisse, the Swiss banking giant, went from investment grade to extinction in just three days.”

“Creditors stop believing the hype and start charging higher interest rates to cover the risk premium. Suppliers scale back. Foreign investors pull out.”

If he knows what’s good for him and the country, BBM should fire the economic manager who tells him there is nothing to worry about. A purely academic economist with zero commercial/investment banking experience is probably a bad fit for DOF anyway. It is time the President gets the complete picture of the risks we face. And be honest with the people on what our future holds.

[Monseratto]

If you have a big residential lot in Metro Manila...

The Philippines’ capital Manila has overtaken Dubai to become the hottest market globally for prime residential properties in the September quarter, according to a report that ranks the world’s major cities by price appreciation recorded over the past 12 months.

Prices of prime homes in Manila gained 21.2 per cent over the past year driven by “strong domestic and foreign investments”, taking the city to the top spot for the third quarter of 2023, according to the list, which tracks prime home prices across 46 cities around the world.

Hong Kong ranking slips as Manila is world’s hottest market for prime residential properties: Knight Frank | South China Morning Post

[thearsenal1205]

If you have a big residential lot in Metro Manila...



Hong Kong ranking slips as Manila is world’s hottest market for prime residential properties: Knight Frank | South China Morning Post

So mas mainit na metro manila kaysa dubai? WTH?!

Sent from my SM-S918B using Tsikot Forums mobile app

[dr. d]

So mas mainit na metro manila kaysa dubai? WTH?!

Sent from my SM-S918B using Tsikot Forums mobile app

tunay!
mas marami kasing aircon btu sa dubai kaysa ncr.
heh heh.

[uls]

If you have a big residential lot in Metro Manila...



Hong Kong ranking slips as Manila is world’s hottest market for prime residential properties: Knight Frank | South China Morning Post

tingin ko malaki influence ng foreign vloggers who live in PH

naeenganyo more foreigners to live here

[uls]

pwede na mag short selling ph stocks

[Yatta]

https://bilyonaryo.com/2023/11/06/la...nker/business/

“Based on a leverage ratio of 6.5 to 8x, the P75 billion taken out from the capital base of LANDBANK and DBP and transferred to the MIC corresponds to siphoning off P500-600 billion of lending from the economy or 4-5% of the total loans of the banking industry,” Escucha explained. “By some estimates, this represents an output loss equivalent to over 2% of GDP.”

He added that the immediate funding requirement would likewise render Landbank and DBP unable to meet capital adequacy ratios.

[uls]

why did sara duterte's half billion peso confidential fund get more attention than 75 billion (landbank 50b + dbp 25b) transferred to an opaque fund?

[glenn_duke]

why did sara duterte's half billion peso confidential fund get more attention than 75 billion (landbank 50b + dbp 25b) transferred to an opaque fund?

Misdirection

[xninjax]

pwede na mag short selling ph stocks

Most PH brokers have not implemented it on their platforms yet. Will take time

[Yatta]

why did sara duterte's half billion peso confidential fund get more attention than 75 billion (landbank 50b + dbp 25b) transferred to an opaque fund?

Para sa UNITY!

[Ry_Tower]

Nagtaka pa.

[uls]

rephrase

bakit mas binatikos ung 0.5 billion peso confidential fund ni sara duterte

kesa ung 75 billion na nilipat sa isang black box fund

[uls]

[Monseratto]

The Philippine Statistics Authority recorded a 4.5% unemployment rate in September 2023, slightly higher than 4.4% rate or 2.21 million jobless Filipinos in August this year.

[boybi]

Saan kaya nagpupunta mga workers? Dito sa province namin, and also nearby provinces, hirap mag hire. As if may trabaho na lahat ng tao.

[Ry_Tower]

Saan kaya nagpupunta mga workers? Dito sa province namin, and also nearby provinces, hirap mag hire. As if may trabaho na lahat ng tao.

Tambay, PAL muna sa bahay. Same in my province, hirap mag-hire. Namimili mga unemployed.