Philippine Economy Talk

[Monseratto]

Trying extremely hard to put a positive spin of a bad situation...

Weak Peso, Trade Gap Are Boon to Philippines, Finance Chief Says

[kisshmet]

^its a bleak situation right, deodorizing the stench

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[dreamur]

^its a bleak situation right, deodorizing the stench

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If you cant win them, confuse them.

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[minicarph]

sale time na ba if bear market. tamang-tama bibile ako ng gulong ngaun July

[jigeloh]

Bumili lang ng kaonti, bargain eh


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[A121]

^its a bleak situation right, deodorizing the stench

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Not that bad really when compared during the AFC.

What I am more concerned of is the effects of the trade war.

[2lits17]

the experts are also saying that when all build build build project was really on a roll. especially connecting luzon visayas and mindanao via bridge. Philippines will be bankrupt daw, we will owe a lot of money to china with high interest at the same time china will have more guts to exploit our sea's baka pati benham i pang colateral na. then.... if the bridge was indeed built sa bandang visayas. isang malakas na bagyo lang sira na. hinde bale sana kung may insurance sa china yun mga bridge na gagawin nila.

[minicarph]

pag nakagawa na sila ng isang bridge, gagawa pa ng backup bridge. kaya tuloy ang ligaya sa gastos

[dreamur]

Economics of Jueteng

“Now if I don’t have a replacement for jueteng, what can I do? It’s easy. If there’s another form of gambling that takes over, I’ll say, ‘You get out of there’ and arrest them all. Then what is the activity—economic activity? None. Now if there’s jueteng … at least money goes around. Some people will get hungry, others will be able to eat, [but] there’s commercial activity,” he said.

Duterte: Economy in the doldrums | Inquirer News

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[uls]

Economic Planning Sec Pernia said the PH remains on track to meet the government’s 2018 growth target of between 7-8%.

nope

new taxes took away spending money from consumers

stagnant wages couldn't keep up with rising inflation (which ate into the tax cuts)

BSP total 50 bps rate high means higher interest for loans (credit card, auto loans, housing loans etc)

brakes have been applied on the economy

we'll see evidence in upcoming economic data

[MR_BIG18]

Economics of Jueteng

“Now if I don’t have a replacement for jueteng, what can I do? It’s easy. If there’s another form of gambling that takes over, I’ll say, ‘You get out of there’ and arrest them all. Then what is the activity—economic activity? None. Now if there’s jueteng … at least money goes around. Some people will get hungry, others will be able to eat, [but] there’s commercial activity,” he said.

Duterte: Economy in the doldrums | Inquirer News

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I was hoping to retire before 50..change of plans

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[Brentt]

Novice question about BSP interest rate, how does it affect our loans? Thanks.


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[uls]

Novice question about BSP interest rate, how does it affect our loans? Thanks.


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[dreamur]

Something DOF should think about...

Toyota expanding but wants retention of incentives >> Manila Bulletin Business

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[A121]

nope

new taxes took away spending money from consumers

stagnant wages couldn't keep up with rising inflation (which ate into the tax cuts)

BSP total 50 bps rate high means higher interest for loans (credit card, auto loans, housing loans etc)

brakes have been applied on the economy

we'll see evidence in upcoming economic data

I think the public sector build, build, build (borrow, borrow, borrow) can cover for the lethargic consumer spending.

[dreamur]

I think the public sector build, build, build (borrow, borrow, borrow) can cover for the lethargic consumer spending.

With raw materials and labor from China, I highly doubt it.

https://www.forbes.com/sites/outofas...me-his-legacy/

"Nonetheless, Duterte’s ambitious infrastructure vision could be hobbled by chronic challenges. Experts have expressed doubts over absorption capacity of government agencies to undertake projects competently and on time; risk of large-scale corruption and bidding anomalies affecting foreign, especially Chinese-led, projects; lack of construction workers and skilled labor; as well as growing pressure on Philippine peso and international reserves due to need for importing intermediate goods and technology for infrastructure boom."

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[leonleon]

Philippine Finance Chief Says Inflation 'Absolutely' Under Control

Philippine Finance Chief Says Inflation 'Absolutely' Under Control – Bloomberg

[A121]

With raw materials and labor from China, I highly doubt it.

https://www.forbes.com/sites/outofas...me-his-legacy/

"Nonetheless, Duterte’s ambitious infrastructure vision could be hobbled by chronic challenges. Experts have expressed doubts over absorption capacity of government agencies to undertake projects competently and on time; risk of large-scale corruption and bidding anomalies affecting foreign, especially Chinese-led, projects; lack of construction workers and skilled labor; as well as growing pressure on Philippine peso and international reserves due to need for importing intermediate goods and technology for infrastructure boom."

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There are certain pressures. But the amount of money circulating because of govt investment may may buffer poor consumer spending. Most raw materials are imported anyway.

[Monseratto]

After opening on the positive... Closes in the negative.

[dreamur]

After opening on the positive... Closes in the negative.

But that is due to external factor.

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