Philippine Economy Talk

[uls]

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

rallies are selling opportunities

[leonleon]

Beware of Greeks bearing gifts, as the saying goes.

China’s Debtbook Diplomacy: How China is Turning Bad Loans into Strategic Investments

Belt and Road is not the Marshall Plan: it’s comprised of loans, not grants, and China expects a return for its money.

Take the case of Hambantota, until a decade ago a little fishing town in southern Sri Lanka — a place few could ever envision becoming a geopolitical flashpoint. In 2007, a Chinese state-owned company came in to build a major port financed by Chinese loans. When the port flopped commercially, it became a money pit, as Sri Lanka threw good money after bad in a fruitless attempt to turn the project around. Despite President Maithripala Sirisena’s campaign promises to reduce Sri Lanka’s dependence on China, last year its mounting debt burden drove Sirisena’s government to sign over the strategically-located port to a Chinese state-owned company on a 99-year lease. The deal has alarmed some U.S. and Indian experts who fear that Hambantota could one day become a Chinese naval outpost in the Indian Ocean.

China’s Debtbook Diplomacy: How China is Turning Bad Loans into Strategic Investments | The Diplomat

[Brentt]

Thanks.


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[uls]

this is what happens when you undertake foreign-funded infrastructure projects just when your local currency is depreciating

the projects become more expensive in local currency terms

[EQAddict]

What exactly have they started to build under these so called build build build projects? And am not talking about stuff started in the previous administration.



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[dreamur]

What exactly have they started to build under these so called build build build projects? And am not talking about stuff started in the previous administration.



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Nada. Talk talk talk.

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[uls]

i think they haven't even started yet

With 1 ‘Build’ projects in the bag so far, PH says it’s ready for business | Inquirer Business

Documents provided by the Department of Finance to reporters showed that at least 10 of the 75 flagship infrastructure projects under “Build, Build, Build” will start construction in 2018.

the govt has been taking a lot more money from the private sector since the beginning of the year and they're sitting on it

[A121]

i think they haven't even started yet

With 1 ‘Build’ projects in the bag so far, PH says it’s ready for business | Inquirer Business



the govt has been taking a lot more money from the private sector since the beginning of the year and they're sitting on it

I guess they don't want too much liquidity in the system. Anyway, let's see how will they manage this.

[2lits17]

i think they haven't even started yet

With 1 ‘Build’ projects in the bag so far, PH says it’s ready for business | Inquirer Business



the govt has been taking a lot more money from the private sector since the beginning of the year and they're sitting on it

sitting where? on their pockets maybe.

[minicarph]

tama na nga yun projecting hard times ahead. hard times ahead kasi july saka august na. these people know that business and trading will be all time low during these months as well as its the ghost month. ang gusto lang nila makakobra ng malaki sa respective businesses nila by raising prices on on small demand.

pag di ka talaga nakakaintindi ng law of supply and demand, yari ka sa media.

the BSP will be cautious on raising interest rates as the provinces are being developed. they need the proper boost so that in the future, when we say Philippines, hindi lang Manila. Parang US, may chicago, new york, la, miami ganun.

yan ang main objective ng admin, and yes this is bitter pill to swallow for those living in Manila because we are being fed wrong analytics and doom and gloom

basta tuloy lang ang gastos at utang.


up to 100K na ang discount ng Toyota Fortuner ngaun. that is market correcting itself for greedy businesses taking advantage of everything, riding on everything. and so the once mighty Toyota is not immune to people's taste.

for sure all PPVs will go back to 1.5M level even lower. just dont buy expensive things this coming months if your believe Chinese Feng shui. ano lang relax lang, bile sa grocery, tapos internet na lang sa bahay, tapos pag weekend kain lang sa not so expensive restaurants like mga bonchon, torichizu na lang.

let these businesses who jack up prices go down as the market will dictate.

I just dont get these big business, pag bull season wala pakelamanan, pag mahina benta na kung anu-ano fini-feed sa media. just go down or use your reserves if needed be. maybe going down is best for all in the long run as we wont have expensive necessities in the future

[dreamur]

^May tama ka rin OB. Kaso, greed is the name of the game using TRAIN as an excuse.

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[dreamur]

$1=53.64

Kumusta na kaya mga importers natin dyan na bilib sa dutertenomics. [emoji23][emoji23][emoji23]

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[uls]

OB:

basta tuloy lang ang gastos at utang.

tama

aanuhin mo nga naman ang depreciating peso

pag inipon mo mas kaunti mabibili mo bukas

gastusin mo agad

bago maging confetti tulad ng pera ng Venezuela

[uls]

pahina nang pahina ang piso no?

madali lang yan

e di rate hike pa more

kaya lang tataas ang interest rates ng mga nangungutang

pero wala yan

mababa pa naman ang interest rates dito

3.5% ang interest rate ng BSP

40% ang interest rate ng central bank ng Argentina

sky is the limit naman ang interest rates





party on

[uls]

interest rate ng central bank ng Turkey






interest rate ng Bangko Sentral natin






either we're doing great or the BSP has a lot of catching up to do

in the meantime, party on

[minicarph]

Pay yourself first, wag ang problema na hinde mo problema like the economy.

Yun naman nadali din sa 2008 financial crisis yun din me kasalanan ng lahat

Bakit tayo titigil sa momentum natin, we need the infrastructures right now.

[EQAddict]

The uitf i invested in circa 2016 is now officially in the red.

Oh well.



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[ray_noel]

The uitf i invested in circa 2016 is now officially in the red.

Oh well.



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Ops... same here po... [emoji31]


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[Ry_Tower]

The uitf i invested in circa 2016 is now officially in the red.

Oh well.



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Same here. Hehe

Coincidental kaya na Venezuela, Turkey and Philippines mga autocrats ang leaders kaya maganda economy nila? Hehehe

Ayus talaga.

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[dreamur]

Same here. Hehe

Coincidental kaya na Venezuela, Turkey and Philippines mga autocrats ang leaders kaya maganda economy nila? Hehehe

Ayus talaga.

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Kaya pa ba? Ok lang basta hindi LP!

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