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  1. Join Date
    Jun 2018
    Posts
    106
    #2861
    Have we hit bottom yet???

  2. Join Date
    Oct 2002
    Posts
    19,525
    #2862
    Quote Originally Posted by teukie View Post
    Have we hit bottom yet???
    The worst is yet to come?
    Signature

  3. Join Date
    Mar 2008
    Posts
    38,089
    #2863
    Quote Originally Posted by teukie View Post
    Have we hit bottom yet???
    in my opinion,
    " we are re-defining 'bottom' ".

    this is all new to us.

  4. Join Date
    Jun 2018
    Posts
    106
    #2864
    Quote Originally Posted by boybi View Post
    The worst is yet to come?
    Quote Originally Posted by dr. d View Post
    in my opinion,
    " we are re-defining 'bottom' ".

    this is all new to us.
    This virus is really a great equalizer. Could be nature's way of keeping greed in check and depopulating the world. My personal opinion.

  5. Join Date
    Oct 2002
    Posts
    34,080
    #2865
    We have alwaya been at the bottom, never been out of it. Philippine Economy Talk


    Sent from my iPhone using Tapatalk

  6. Join Date
    Feb 2018
    Posts
    735
    #2866
    Quote Originally Posted by teukie View Post
    This virus is really a great equalizer. Could be nature's way of keeping greed in check and depopulating the world. My personal opinion.
    depopulating the world starting from the bottom?

  7. Join Date
    Sep 2003
    Posts
    21,876
    #2867
    Not a good idea to waive loan payments... Banks will tighten liquidity and increase interest rates.


    Philippine Banks Warn of $82 Billion Cash Squeeze on Delay of Loan Payments

    Banks in the Philippines warn their cash flow may be reduced by as much as 4 trillion pesos ($82 billion) should a bill that seeks to delay loan payments by a year becomes a law.

    The plan could result in “massive liquidity crunch” of 2 trillion to 4 trillion pesos, or 20%-40% of outstanding loans, according to a document from the Bankers Association of the Philippines. This followed warnings from the central bank and a business group.

    “New lending would dry up; worthy borrowers deserving of new funds would not get them,” the nation’s largest group of lenders said. Smaller banks may not survive the financial squeeze, putting depositors’ money at “undue risk,” it said.

    A pandemic relief bill passed by the House of Representatives proposes a year-long loan payment holiday, while the Senate’s version suggests a one-month reprieve, according to the Bankers Association, which supports the latter.
    Last edited by Monseratto; August 17th, 2020 at 12:03 PM.

  8. Join Date
    Jan 2005
    Posts
    5,915
    #2868
    Quote Originally Posted by Monseratto View Post
    Not a good idea to waive loan payments... Banks will tighten liquidity and increase interest rates.


    Philippine Banks Warn of $82 Billion Cash Squeeze on Delay of Loan Payments
    That's a sure way to kill the economy.

    Sent from my SM-T725 using Tsikot Forums mobile app

  9. Join Date
    Nov 2010
    Posts
    21,675
    #2869
    Quote Originally Posted by Monseratto View Post
    Not a good idea to waive loan payments... Banks will tighten liquidity and increase interest rates.


    Philippine Banks Warn of $82 Billion Cash Squeeze on Delay of Loan Payments
    Quote Originally Posted by falken View Post
    That's a sure way to kill the economy.

    Sent from my SM-T725 using Tsikot Forums mobile app
    Waiving hindi talaga pwede. Pero loan extension tingin ko plausible, maybe not a year's worth. What they could do is spread the amount longer na lang para mas maliit babayaran monthly. Para mas possible na mabayaran yung utang kesa magsara. 12K na utang sa 1 year is 1K, but in 2 years, P500 lang monthly for example. Mas magaan sa borrowers.

    Sent from my SM-N960F/DS using Tapatalk
    Last edited by Ry_Tower; August 17th, 2020 at 12:19 PM.

  10. Join Date
    Jan 2005
    Posts
    5,915
    #2870
    Quote Originally Posted by Ry_Tower View Post
    Agree, loan extension would be ideal instead. Spread it a little longer just to make sure the borrower could still oparate.

    Sent from my SM-N960F/DS using Tapatalk
    This is a better option.

    Sent from my SM-T725 using Tsikot Forums mobile app

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Philippine Economy Talk