Philippine Economy Talk

[jut703]

daming ganyan bro... lagi kong sinasabi sa Baguio noon bakit halos nasa 7-8 pesos ang price diff. ng gas at diesel kumpara sa La Union. iisa lang naman ang source na kinukuhanan nila, sa poro point depot.
usually ang gamit ay 20,000 liters per tanker * 120 km (round trip). nahihirapan sila sa 40k liters /tanker.
kung 2 pesos per liter ang freight charge < so total freight charge is 40,000 pesos per tanker. may tubo na sila dyan kung sarili nila ang tanker>. saan nila kinuha ang additional 5-6 pesos... yes, too much greed indeed.

Negosyo yan. Captured market ang Baguio. Not everyone goes down. So deliberate na mataas ang presyo sa Baguio especially for gasoline (12 pesos difference vs Rosario). So that companies can afford to drop prices in price war areas - Tarlac, Pangasinan, some areas of LU, they need to make up for it in areas like Baguio.

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[samboy445]

daming ganyan bro... lagi kong sinasabi sa Baguio noon bakit halos nasa 7-8 pesos ang price diff. ng gas at diesel kumpara sa La Union. iisa lang naman ang source na kinukuhanan nila, sa poro point depot.
usually ang gamit ay 20,000 liters per tanker * 120 km (round trip). nahihirapan sila sa 40k liters /tanker.
kung 2 pesos per liter ang freight charge < so total freight charge is 40,000 pesos per tanker. may tubo na sila dyan kung sarili nila ang tanker>. saan nila kinuha ang additional 5-6 pesos... yes, too much greed indeed.

gusto yumaman agad.

[axilmarimam]

CRISIS everywhere!

[uls]

USDPHP on a strong dollar day

[uls]

yes that's exactly my perception of BSP monetary policy

they're behind the curve

[heavenlee]

"The higher number of people eating out in restaurants is reflective of the country’s “growing economy”, Trade Secretary Ramon Lopez said on Friday.

“Yung mga dating ‘di kumakain sa labas, kumakain na sa fast food. Yung mga kumakain sa fast food, kumakain na sa mga eat-all-you-can. Yung mga kumakain sa eat-all-you-can, kumakain na sa mas mamahaling restaurant. Parang lahat po ay medyo nag-uupgrade,” Lopez said in an interview over Radyo Inquirer 990 AM.

“Sa mga talaan natin, yung eating out sa mga restaurants, yan po ang isa sa mga lumalaki. Characteristic po ng growing economy, ng growing middle class,” Lopez said."

Read more: Higher number of people eating out reflects growing PH economy — DTI | Inquirer Business
Follow us: *inquirerdotnet on Twitter | inquirerdotnet on Facebook

[dreamur]

Long read but interesting. Lifted from FB so take with a pinch of salt.

Interesting article written by an Indian Economist about world economy. Amazing logic indeed. This is a crazy world! How valid is it? I leave it to you!

Japanese save a lot. They do not spend much. Also, Japan exports far more than it imports. Has an annual trade surplus of over 100 billion. Yet Japanese economy is considered weak, even collapsing.

Americans spend, save little. Also US imports more than it exports.
Has an annual trade deficit of over $400 billion. Yet, the American economy is considered strong and trusted to get stronger.

But where do Americans get money to spend? They borrow from Japan, China and even India.
Virtually others save for the Americans to spend. Global savings are mostly invested in US, in dollars.

India itself keeps its foreign currency assets of over $50 billion in US securities. China has sunk over $160 billion in US securities.
Japan's stakes in US securities is in trillions.

Result:
The US has taken over $5 trillion from the world. So, as the world
saves for the US - It's The Americans who spend freely. Today, to keep the US consumption going, that is for the US economy to work, other countries have to remit $180 billion every quarter, which is $2
billion a day, to the US!

A Chinese economist asked a neat question. Who has invested more, US in China, or China in US? The US has invested in China less than half of what China has invested in US.

The same is the case with India. It have invested in US over $50
billion. But the US has invested less than $20 billion in India.

Why the world is after US?

The secret lies in the American spending, that they hardly save. In fact they use their credit cards to spend their future income. That the US spends is what makes it attractive to export to the US. So US imports more than what it exports year after year.

The result:

The world is dependent on US consumption for its growth. By its deepening culture of consumption, the US has habituated the world to feed on US consumption. But as the US needs money to finance its consumption, the world provides the money.

It's like a shopkeeper providing the money to a customer so that the customer keeps buying from the shop. If the customer will not buy, the shop won't have business, unless the shopkeeper funds him. The US is like the lucky customer. And the world is like the helpless shopkeeper financier.

Who is America's biggest shopkeeper financier? Japan of course. Yet it's Japan which is regarded as weak. Modern economists complain that Japanese do not spend, so they do not grow. To force the Japanese to spend, the Japanese government exerted itself, reduced the savings
rates, even charged the savers. Even then the Japanese did not spend (habits don't change, even with taxes, do they?). Their traditional postal savings alone is over $1.2 trillion. Thus, savings, far from being the strength of Japan, has become its pain.

Hence, what is the lesson?

That is, a nation cannot grow unless the people spend, not save. Not just spend, but borrow and spend.

Dr. Jagdish Bhagwati, the famous Indian-born economist in the US, told Manmohan Singh that Indians wastefully save. Ask them to spend, on imported cars and, seriously, even on cosmetics! This will put India on a growth curve. This is one of the reason for MNC's coming down to India, seeing the consumer spending.

'Saving is sin, and spending is virtue.'
But before you follow this Neo Economics, get some fools to save so that you can borrow from them and spend !!!
The world is in a economical mess [emoji28]

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[minicarph]

kaya nga diba lam beses ko na sinasabi senyo, umutang ng umutang. that's the best way to help our countrymen. savers are useless in this economy.

whenever I get a loan, I tell myself the interests that I pay will go in the economy. This is better than charity coz charity bigyan mo lang naghihirap na tao, pero yun tao mahirap pa din kasi nasanay sa bigay o mamalimos. pero ang interest na binabayaran mo, yan ang ang nagpapaikot ng ekonomiya.

saka nun nangugutang ako, para feeling ko lalo ako sinuswerte, I get to buy the things that I really want. I don't scrimp or settle for 2nd best. and you know what's best if you have this attitude, nakakakuha ako ng best deals naman sa purchase ko

dont be afraid of loans. kasi papayatin ka nyan. be afraid of hoarding, material things, money in the bank, full food pantry, papatabain ka nyan. pag mataba ka lalo ka lang mag -consume ng hinde mo kailangan. pag nangutang ka, maging efficient ka, kasi gagastusin mo lang talaga ang kailangan mo

[Ketib]

kaya nga diba lam beses ko na sinasabi senyo, umutang ng umutang. that's the best way to help our countrymen. savers are useless in this economy.

whenever I get a loan, I tell myself the interests that I pay will go in the economy. This is better than charity coz charity bigyan mo lang naghihirap na tao, pero yun tao mahirap pa din kasi nasanay sa bigay o mamalimos. pero ang interest na binabayaran mo, yan ang ang nagpapaikot ng ekonomiya.

saka nun nangugutang ako, para feeling ko lalo ako sinuswerte, I get to buy the things that I really want. I don't scrimp or settle for 2nd best. and you know what's best if you have this attitude, nakakakuha ako ng best deals naman sa purchase ko

dont be afraid of loans. kasi papayatin ka nyan. be afraid of hoarding, material things, money in the bank, full food pantry, papatabain ka nyan. pag mataba ka lalo ka lang mag -consume ng hinde mo kailangan. pag nangutang ka, maging efficient ka, kasi gagastusin mo lang talaga ang kailangan mo

[uls]

the US is the largest economy in the world coz it owns the world's most widely accepted currency

the US has a privilege no other country has

it can pay for imports with its own currency

everyone else has to earn dollars and maintain dollar reserves to pay for imports

the Phils. for example cannot pay for imports with PHP

the Phils. needs to earn dollars by selling stuff to other countries, accept USD as payment, and use USD to buy stuff from other countries

when a country runs out of USD, it's in trouble

[uls]

and because everyone else needs to maintain dollar reserves, the US has to run a persistent trade deficit to supply dollars to the rest of the world

as the rest of the world saves dollars, there's a need for some place to park those dollars

the only place large enough to park trillions of dollars is the US treasury market

the US basically borrows the world's dollar savings

[uls]

USDPHP breaks above 51

despite the weak dollar

[baludoy]

Philippines gets credit rating hit

"Fitch turns ‘negative’ on Philippines; credit downgrade possible | Philstar.com" Fitch turns ?negative? on Philippines; credit downgrade possible | Philstar.com

[moneyp]

April 2026 inflation 7.2%

[DenNix]

A lot of insights here, and I enjoy reading them.
The Question the I want to bring in now is until when do we play this kind of Game of supply and demand? Who's truly benefiting on this economic system? And why it doesn't work?

We've been using this model since the time immemorial - supply, demand, consume. But for me its twisted. Today we talk about consumption driving the economy to heights, demand pushing the prices up and supply keeping the consumption in normal level. But in between we talk about over supply and how food is being wasted for instance. The fact that poverty is never really shrinking and that the gap between poor and ultra rich is widening every year. The rich is getting richer, poor is getting way poorer. In between we have this clueless Middle class society who believes that there no other way but consume and be entertained, follow the Law, pay taxes, take loans, push themselves to be one of the rich, teach their kids how to be like them, and die quietly like slaves. And the cycle goes on and on.

Come to think of it, it should have been simpler - we need food, clothing, shelter and means to sustain that. Now we have wants that we dont really need. Media is driving this to our minds, telling us be like this and be like that. Entertainment pushing our imagination to compete and fight over the top -- sports heroes telling you to be the best in this, best in that and in order for you to be the best you should wear what they wear, use what they use, drink what they drink. Another example is hollywood movies and stars telling us what beauty is supposed to be, what handsome or ***y gorgeous should be wearing, what kind of face and complexion should be ideal, and that teens with pimples and blemishes are a complete turn-off. And then we see Facebook post encouraging kids to be themselves and fight off bullies? Really? Like when a kid doesnt wear Lacoste, he should be with kids wearing Blue Corner (no offense meant).

70 years of average life expectancy and we spend 4years with our yayas or grandparents as a kid (lucky for u if u were nursed by your own parents), 18 years in school in our teens, 35 years working to consume, pay taxes and debts, 13 years to enjoy your remaining life at an old age. What are we missing? We keep chasing the Good Life -- an imaginary lifestyle set by the elite to keep us hungry for more, to keep us on the loop like rodents on the spinning wheel, keep us chasing the dream they made for us. In return we became slaves, and we revered it. Its a prison that we accepted and considered Normal.


Some great economist and state leaders says: Its the Economy stupid -- I say,--- NO. It's not working, You are stupid for not realizing that, and insane for repeatedly trying the same thing and expecting a different result. The economy is anchored on greediness. The more greedy you are, the more money you'll have.


Well, this is just me saying my take on this economy stuffs. I admit, I dont have the formulla to beat or change whatever it is that I wanted to change. In fact Im part of the problem. Because im one with the problem. Its just me wishing life can offer much more than Live, Work, Die.

[dreamur]

A lot of insights here, and I enjoy reading them.
The Question the I want to bring in now is until when do we play this kind of Game of supply and demand? Who's truly benefiting on this economic system? And why it doesn't work?

We've been using this model since the time immemorial - supply, demand, consume. But for me its twisted. Today we talk about consumption driving the economy to heights, demand pushing the prices up and supply keeping the consumption in normal level. But in between we talk about over supply and how food is being wasted for instance. The fact that poverty is never really shrinking and that the gap between poor and ultra rich is widening every year. The rich is getting richer, poor is getting way poorer. In between we have this clueless Middle class society who believes that there no other way but consume and be entertained, follow the Law, pay taxes, take loans, push themselves to be one of the rich, teach their kids how to be like them, and die quietly like slaves. And the cycle goes on and on.

Come to think of it, it should have been simpler - we need food, clothing, shelter and means to sustain that. Now we have wants that we dont really need. Media is driving this to our minds, telling us be like this and be like that. Entertainment pushing our imagination to compete and fight over the top -- sports heroes telling you to be the best in this, best in that and in order for you to be the best you should wear what they wear, use what they use, drink what they drink. Another example is hollywood movies and stars telling us what beauty is supposed to be, what handsome or ***y gorgeous should be wearing, what kind of face and complexion should be ideal, and that teens with pimples and blemishes are a complete turn-off. And then we see Facebook post encouraging kids to be themselves and fight off bullies? Really? Like when a kid doesnt wear Lacoste, he should be with kids wearing Blue Corner (no offense meant).

70 years of average life expectancy and we spend 4years with our yayas or grandparents as a kid (lucky for u if u were nursed by your own parents), 18 years in school in our teens, 35 years working to consume, pay taxes and debts, 13 years to enjoy your remaining life at an old age. What are we missing? We keep chasing the Good Life -- an imaginary lifestyle set by the elite to keep us hungry for more, to keep us on the loop like rodents on the spinning wheel, keep us chasing the dream they made for us. In return we became slaves, and we revered it. Its a prison that we accepted and considered Normal.


Some great economist and state leaders says: Its the Economy stupid -- I say,--- NO. It's not working, You are stupid for not realizing that, and insane for repeatedly trying the same thing and expecting a different result. The economy is anchored on greediness. The more greedy you are, the more money you'll have.


Well, this is just me saying my take on this economy stuffs. I admit, I dont have the formulla to beat or change whatever it is that I wanted to change. In fact Im part of the problem. Because im one with the problem. Its just me wishing life can offer much more than Live, Work, Die.

That's a mouthful but the only thing I can say is to live within our means. Income less savings = expenses maybe a good formula but it does not work all the time. If you just keep the savings in the bank, it will not get very far. So Id say take home pay x 20% investment x 40% savings x 40% expenses = zero.

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[StockEngine]

edged out by vietnam...

PH economy grows 6.7% in 2017 - YouTube

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[dreamur]

edged out by vietnam...

PH economy grows 6.7% in 2017 - YouTube

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Funny that the economic growth is fueled by the BPO industry which is made up of mostly sosy and elite employees.

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[StockEngine]

Funny that the economic growth is fueled by the BPO industry which is made up of mostly sosy and elite employees.

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1.8M employees ano kaya average income nitong mga BPO...

[dreamur]

1.8M employees ano kaya average income nitong mga BPO...

Entry level employees are getting somewhere between P20K to P25K/month. Top executives have minimum salary of P300K (excluding bonuses).

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