Philippine Economy Talk

[uls]

re weak peso = higher cost of imports

importers can either maintain prices and see their profit margin shrink or raise prices to maintain margin

if importers raise prices too much their sales could decline

customers have a limit to how much they'll pay

for importers this is the situation now

[uls]

Philippines' trade deficit rises to 5-mth high in May | Reuters

Lesser car imports I guess...hehehe

Lower exports + higher imports = wider trade deficit = wider current account deficit

just when Fed monetary policy/Trump trade war causes $$$ scarcity in EM

expect PHP to remain weak

BSP not hawkish enough

[dreamur]

I don't think we can attract more investors if the president is demanding a selfie with God.

Oh well, except for the communists.

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[chronicle]

If we cant attract investors. Let us hope we can keep our current investors.

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[dreamur]

The Philippines Economy Is Overheating, As Duterte Debates God.

The Philippines Economy Is Overheating, As Duterte Debates God



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[uls]

[A121]

http://bworldonline.com/the-bsp-and-...mission-creep/

A good and lengthy read. I'd rather see historical data specifically 2008.

[uls]

^^^

i read the whole thing

i agree that this inflation we're experiencing now is caused by the supply side (rising oil and other commodities prices)

[uls]

but but but

i still think there's too much liquidity

http://bworldonline.com/liquidity-gr...s-up-slightly/

MONEY SUPPLY grew faster in May even as growth in bank lending eased, the Bangko Sentral ng Pilipinas (BSP) announced Friday.

More money circulated in the Philippine economy as supply rose by 14.3% from a year ago, a tad faster than the 14.2% logged in April to log the quickest pace in two months.

Domestic liquidity or M3, which stands as the broadest measure of money in an economy, amounted to P11 trillion as of end-May. Month on month, money supply went up by 1.3%.

[uls]

prices go up when you have too much money chasing limited supply of goods

[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

[uls]

this I got to see

[minicarph]

"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

yes yes, ako nakainan ko na halos lahat ng bago restaurant sa brand new Robinsons Galleria, in the next 2 months, iisa-isahin ko naman lahat ng bago resto sa the New Podium . i dont know where this is coming from, yun gloom and downward economy. eh kami mga tiga Ortigas, explore ng explore with our newly rebuild hi-end malls (galleria and podium) and new concept restaurants.

and hinde naman mga upscale AB crowd usually kasama ko na kumakain, mostly regular employees din naman, in fact mga call centers pa nga siguro. they can afford P500 meals naman without any probs.

sa bago food court nga pero sosy naman sa The Podium, it s called corner market, may palutuan ng steak dun, ranging from P450 to P600 per order (including luto and sides), ang dami kumakain.

I think the problem lies with the cash. for those who have no access with credit or emoney or ecredits, and live on cash, wala talaga. cash is king pero the new economy is using different forms of money na eh. so tuloy ang flow ng spending.

and tapos lahat nega pa ngaun kasi Philippines daw is province of China. grabe sobra dami ko nakikita opportunity sa influx ng Chinese mainlanders dito. I think it is singlehandedly saving the Condo industry

i see a good future with the Chinese migrating here in our lands. and ayaw ko pa mention ang pagpasok ng Alibaba and all of businesses connected to it

[uls]

yes yes, ako nakainan ko na halos lahat ng bago restaurant sa brand new Robinsons Galleria, in the next 2 months, iisa-isahin ko naman lahat ng bago resto sa the New Podium . i dont know where this is coming from, yun gloom and downward economy. eh kami mga tiga Ortigas, explore ng explore with our newly rebuild hi-end malls (galleria and podium) and new concept restaurants.

and hinde naman mga upscale AB crowd usually kasama ko na kumakain, mostly regular employees din naman, in fact mga call centers pa nga siguro. they can afford P500 meals naman without any probs.

sa bago food court nga pero sosy naman sa The Podium, it s called corner market, may palutuan ng steak dun, ranging from P450 to P600 per order (including luto and sides), ang dami kumakain.

I think the problem lies with the cash. for those who have no access with credit or emoney or ecredits, and live on cash, wala talaga. cash is king pero the new economy is using different forms of money na eh. so tuloy ang flow ng spending.

oo tama ka madami nabubuhay sa credit

kaya based on appearance everyone seems to be doing fine

one of the fastest in asia ang credit growth ng pinas

as long as people have steady income they can pay their debt

huwag lang humina ang economy at madami mawalan ng trabaho

[minicarph]

Yes uls, debt makes the world go round. I have studied both Beirut and Venezuela. You know why Beirut was reduced to rubble in the 70s, it was a very rich country nun 60s. Its because of Khaddafi He wanted the middle east to become self sufficient free from world debt, since they have the oil. Khaddafi is also a socialist. So before anyhting else bur the plan, ayun gyera na civil war. The same goes eith the Venezuelan president, his platform was to free his country from debt from 1st world countries , and so what happened di ba?

So for the bsp to raise interest rates is to discourage debt , and therefore lalo lang maapaektjhan ang mkmentum ng Pilipino, eh this is the first time na nakaka experience ng economic growth and it is advertised sa mundo. So not to disrupt that momentum is to bring more debt.

[leonleon]

The same goes eith the Venezuelan president, his platform was to free his country from debt from 1st world countries , and so what happened di ba?

Venezuela wanted to be debt-free from 1st world countries kasi ang daming "conditions" ng loans nila (Human rights, etc.)

So ano ginawa ng Venezuelan Government?

Hiram sila sa China.

Sa China walang up front "conditions".

Now Venezuela is swimming in mountain of debt owed to China.

63 billion US dollars of debt from 2007 to 2014.

And they are in ruins.

Sound familiar?

Hello, Psycho President.

[leonleon]

More on Venezuela and Philippine Parallel.

Venezuela collapsed thanks to a malevolent dictatorship pushing disastrous economic policies aided by a benefactor willing to extend near bottomless credit.

This same toxic mix is present throughout many of the countries receiving large amounts of Chinese lending under the BRI.

Venezuela’s Road to Disaster Is Littered With Chinese Cash – Foreign Policy