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  1. Join Date
    Sep 2017
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    676
    #2741
    BSP has already done its job of providing sufficient liquidity. Government's fiscal response on the other hand, is not only slow but also inadequate.
    Seriously? Only P140 billion budget for Bayanihan 2? Are they even trying to revive growth?

  2. Join Date
    Sep 2003
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  3. Join Date
    Nov 2005
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    34,818
    #2743
    Quote Originally Posted by Monseratto View Post
    what other big ticket items do OFW dependents buy? automobiles

  4. Join Date
    Mar 2008
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    37,959
    #2744
    don't mind the cars.
    they buy tons of small-ticket items that, as a whole, affect the economy more than them cars.

  5. Join Date
    Sep 2003
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    #2745
    Philippines Needs $31.8 Billion Recovery Plan, Lawmaker Says

    “It’s consumption reduction that caused the contraction pretty much,” Quimbo said. “If we don’t address the loss of jobs and people don’t have money how do we recover? Government has to spend so that confidence comes back.”

    But President Rodrigo Duterte’s economic managers prefer a combination of measures: a smaller 140-billion pesos spending bill and a proposal to cut corporate income taxes, while scaling back on incentives to businesses. The government must conserve its “fiscal stamina” to sustain its fight with the virus, Finance Secretary Carlos Dominguez said Saturday.
    Last edited by Monseratto; August 9th, 2020 at 02:51 PM.

  6. Join Date
    Nov 2005
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    #2746
    Quote Originally Posted by dr. d View Post
    don't mind the cars.
    they buy tons of small-ticket items that, as a whole, affect the economy more than them cars.
    yes of course

    since mas malaki sa local wages ang natatanggap ng OFW dependents they can spend on discretionary items coz after basic needs are met they still have extra money

    pero ngayon tipid mode

    baka pati basics mahirapan i-meet

  7. Join Date
    Nov 2005
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    #2747
    Quote Originally Posted by Monseratto View Post
    Philippines Needs $31.8 Billion Recovery Plan, Lawmaker Says

    “It’s consumption reduction that caused the contraction pretty much,” Quimbo said. “If we don’t address the loss of jobs and people don’t have money how do we recover? Government has to spend so that confidence comes back.”

    But President Rodrigo Duterte’s economic managers prefer a combination of measures: a smaller 140-billion pesos spending bill and a proposal to cut corporate income taxes, while scaling back on incentives to businesses. The government must conserve its “fiscal stamina” to sustain its fight with the virus, Finance Secretary Carlos Dominguez said Saturday.



    eto yun sinasabi ko kailangan gastusan ng gobyerno

    the gov't has to subsidize small/medium businesses para di sila magsara at makadagdag sa number of unemployed

    ano ang reason baket nagsasara mga negosyo ngayon?

    kasi mahina benta pero kailangan parin magpasweldo

    gaano katagal kaya ng mga negosyo yan diba?

    so bigyan ng gobyerno ng pang sweldo para hindi magsara

    in english -- the gov't should help businesses keep the lights on

  8. Join Date
    Oct 2002
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    34,040
    #2748
    Quote Originally Posted by uls View Post


    eto yun sinasabi ko kailangan gastusan ng gobyerno

    the gov't has to subsidize small/medium businesses para di sila magsara at makadagdag sa number of unemployed

    ano ang reason baket nagsasara mga negosyo ngayon?

    kasi mahina benta pero kailangan parin magpasweldo

    gaano katagal kaya ng mga negosyo yan diba?

    so bigyan ng gobyerno ng pang sweldo para hindi magsara

    in english -- the gov't should help businesses keep the lights on
    by how much and how long? And lahat ba ng SME kailangan bigyan?


    Sent from my iPhone using Tapatalk

  9. Join Date
    Nov 2005
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    34,818
    #2749
    as long as businesses haven't recovered yet

    during ECQ diba meron SSS SBWS na 16,000 per employee (2 P8000 tranches)

    parang ganun pero tuloy tuloy

    imagine a business that's open daily pero ung kita kulang pa sa pang sweldo, bayad ng upa, bayad sa kuryente etc

    sigurado mag decide ang may ari isara nalang

    pero pag nakakatanggap siya ng pera galing sa gobyerno at least maiwasan ung pagsara

  10. Join Date
    Nov 2005
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    34,818
    #2750
    ang lotech kasi ng gobyerno mag distribute ng SAP

    cash wtf

    just make everyone download gcash or paymaya doon ipasok ang SAP

    stores... pati mga tindera sa palengke... will be forced to accept payment via apps

    gov't should use this crisis as an opportunity to pull (more like force) the masses into digital payment

    para di iwan ang Pinas
    Last edited by uls; August 9th, 2020 at 04:02 PM.

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Philippine Economy Talk