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  1. Join Date
    Sep 2003
    Posts
    21,866
    #2531
    BDO fears PH headed toward deepest recession in 35 years | Inquirer Business


    The key to get out of recession is for the government to spend more than it usually does, Ocampos said. On the other hand, he noted that the Bangko Sentral ng Pilipinas had done its share of aggressively easing monetary settings and unleashing hundreds of billions of money to prevent this public health crisis from morphing into a financial crisis.

  2. Join Date
    Nov 2005
    Posts
    34,818
    #2532
    ^^^

    hate to say that i've been saying that all along in this thread

    the gov't has to spend

    coz the private sector is weak

    gov't has to make up for private sector spending

    there a huge effin hole right now left by private sector

    gov't has to fill that hole

  3. Join Date
    Nov 2005
    Posts
    34,818
    #2533
    everyone's cutting capex

    even the big TV network with no competition




    -



    coz everybody needs cash these days


  4. Join Date
    Nov 2005
    Posts
    34,818
    #2534
    another business model made obsolete by the virus


  5. Join Date
    Sep 2003
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    21,866
    #2535
    Curtain comes down for another decades old restaurant...

    Shangrila Finest Chinese Cuisine Restaurant
    5 hrs ·
    To our loyal customers and valued clients:

    Shangri-La Finest Chinese Cuisine is extending our utmost thanks to all of you. The Management and its Employees are so grateful for having you as part of our 37 years of existence in the restaurant and catering business.

    We would not be this successful, if not for all of you, who celebrated your great moments, achievements and even your simple get-together with us. Deeply, we are moved by your support and loyalty to Shangri-La Finest Chinese Cuisine.

    So it is with great sadness that we are announcing that effective August 1, 2020 Shangri-La Finest Chinese Cuisine will cease its operations, due for the most part to the challenges brought about by the on-going pandemic, which has plagued not only our country, but the entire world as well. Our last day for Dine-In and Take-Out services will be on July 31, 2020.

    We will cease operations but the memories we had with you will be imbedded in our hearts and minds.

    Shangri-La Finest Chinese Cuisine's Management and its Employees will be praying for everyone's safety in this current situation of COVID-19 pandemic.

    THANK YOU and GOD BLESS US ALL!

  6. Join Date
    Oct 2017
    Posts
    3,219
    #2536
    Quote Originally Posted by Monseratto View Post
    Curtain comes down for another decades old restaurant...
    eto yung nasa west ave diba?

  7. Join Date
    Oct 2002
    Posts
    19,512
    #2537
    How’s Choi Garden now? Kakabili pa naman nila sa Gloria Maris.
    Signature

  8. Join Date
    Nov 2005
    Posts
    34,818
    #2538
    Quote Originally Posted by BlancNoir View Post
    eto yung nasa west ave diba?
    yes ung lagi meron wedding reception

    dalawa sila ng kowloon magkalapit lagi may reception

  9. Join Date
    Sep 2003
    Posts
    21,866
    #2539
    Quote Originally Posted by BlancNoir View Post
    eto yung nasa west ave diba?
    yep



  10. Join Date
    Oct 2017
    Posts
    3,219
    #2540
    dined there once lang kasi parati naming ni rarationalise na mas sulit sa sambokojin/kamayan/dad's. ahahaha

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Philippine Economy Talk