Philippine Economy Talk

[kisshmet]

^The president is the best in the milkyway right

Staffed with the BEST & BRIGHTEST

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[2lits17]

^The president is the best in the milkyway right

Staffed with the BEST & BRIGHTEST

Sent from my GT-P3110 using Tsikot Forums mobile app

basta hinde dilawan ok lang yan.... haba din ng pisi ng mga 16M na mga yan, pinipiga na nga lodi pa din nila.
sasabihin pa ng mga finance chiefs sa govt that train has nothing to do with it. pilit pinapatakbo ang diskarel na tren.

[ray_noel]

basta hinde dilawan ok lang yan.... haba din ng pisi ng mga 16M na mga yan, pinipiga na nga lodi pa din nila.
sasabihin pa ng mga finance chiefs sa govt that train has nothing to do with it. pilit pinapatakbo ang diskarel na tren.

Yes! Ofcourse!


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[chronicle]

How do banks get their investment back when you default? Sa bahay medyo clear pa since nag aapreciate ang value. Sa kotse, lugi na sa depreciation at naka park lang sa initan. Di naman ganon kalaki ang difference ng bidding sa banks at current market value.

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[Wh1stl3r]

How do banks get their investment back when you default? Sa bahay medyo clear pa since nag aapreciate ang value. Sa kotse, lugi na sa depreciation at naka park lang sa initan. Di naman ganon kalaki ang difference ng bidding sa banks at current market value.

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Malaki lugi nila sa cars. But at some point they still have to get rid of them, even if they have to sell at a loss. Bumababa kasi value over time. Pero yung isang bank manager dito sabi sa kin kahit property loan, kung non performing di pa rin maganda for them.

[dreamur]

ImHO increasing interest rates will translate to borrowers defaulting on their existing loans or lowering of appetite for investing in real estate or buying new cars. The banks will end up owning a huge chunk of properties which will bring market prices down. Then the bubble will burst.


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[heavenlee]

Regarding default on loans, we're still a long way off from our neighbor, India. Single digit vs double digit.

"However, the foundation of any economy is its banking sector, and India is in crisis. The most recent figures show that India has the second highest—behind Italy—bank nonperforming loan rate in the world at 11.6 percent. Philippine banks have a 1.8 percent NPL as of March 2018."


Reference - Banking in the Philippines | BusinessMirror

[uls]

that's the goal of raising rates

discourage borrowing --> slow down credit creation --> lessen money in circulation --> slow down inflation rate

but BSP is afraid to be too aggressive coz they don't wanna kill growth

[dreamur]

that's the goal of raising rates

discourage borrowing --> slow down credit creation --> lessen money in circulation --> slow down inflation rate

but BSP is afraid to be too aggressive coz they don't wanna kill growth

Exactly uls. We want to project GROWTH under this administration, right?

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[uls]

yes the govt says they have a 7-8 percent growth target

[uls]

having that growth target is probably why the BSP is not stepping hard on the brakes

[dreamur]

2 years ago...

PH foreign reserves hit two-year high of $83.47B in April

Change has come...

[minicarph]

Exactly uls. We want to project GROWTH under this administration, right?

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exactly we need to project growth. in the news, in 2019 we will be the first to roll out 5G. I mean hows that for prestige and being the first. we're gonna be faster than any 1st world out there, even Japan. for a country who has always been criticized for having the slowest internet in the world, now were gonna pioneer in 5G.

I think even those who enjoy 1000mpbs internet right now like for example Germany, we will get an audience coz of this news.

so doom and gloom nyo, wag na pls. it's just self-fulfilling prophecy. if you always think that things will go wrong, it will go wrong, for you. but not for us, coz we see a brighter future. us DDS and the 16M who voted for him

[A121]

ImHO increasing interest rates will translate to borrowers defaulting on their existing loans or lowering of appetite for investing in real estate or buying new cars. The banks will end up owning a huge chunk of properties which will bring market prices down. Then the bubble will burst.


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Not at this point in time.

What you should look at is an increase in unemployment and decrease in real wages.

[baludoy]

7.7 % inflation in the armm region. [emoji33] No wonder people are getting jittery over there

do what you gotta do so you can do what you wanna do

[StockEngine]

totoo kaya to?
Mabilis na paglago ng ekonomiya at pagbaba ng unemployment, ibinida ng NEDA at Dept. of Finance - YouTube


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[Monseratto]

The reversal of fund flows in recent months has been prompted primarily by the tightening of monetary policy in the US as the Federal Reserve continues to unwind its quantitative easing scheme that has been in place over the last decade.

PH dollar reserves fall to six-year low as outflows continue | Inquirer Business

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[uls]

PH dollar reserves fall to six-year low as outflows continue | Inquirer Business

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like i posted in the other thread:

BIG PICTURE

dollars flowing back to the US

rest of the world is slowing down

that's basically what's going on

[jut703]

The poor peso is really hurting businesses.

We delivered our strongest year in 5 years and surpassed targets, yet profitability is down due to forex.

Higher sales are just being eaten up by higher import costs. The economy can only absorb so much so the peso needs to turn soon.

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[BlancNoir]

The poor peso is really hurting businesses.

We delivered our strongest year in 5 years and surpassed targets, yet profitability is down due to forex.

Higher sales are just being eaten up by higher import costs. The economy can only absorb so much so the peso needs to turn soon.

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i think we lost between 8 to 9 % to the dollar.

Imagine 9% in terms of billions.