Philippine Economy Talk

**Monseratto** · August 10th, 2023 08:09 PM

Philippine economic growth slows to 4.3% in Q2 223, missing expectations

The Philippines is no longer the fastest growing economy in Southeast Asia, as government underspending and scorching inflation drag down economic recovery
MANILA, Philippines – The Philippine economy posted slower-than-expected growth in the April-June period despite revenge spending and tourism recovery, as scorching inflation and government underspending weighed down economic recovery.

The Philippine Statistics Authority on Thursday, August 10, announced that gross domestic product (GDP) grew 4.3% in the second quarter, slower than the 6.4% posted in the first quarter and the 7.5% registered in the same period a year ago.

The latest figure is significantly below the 6% projected by analysts in a BusinessWorld poll.

It is also the lowest growth rate since the first quarter of 2021. Excluding the pandemic, it is the slowest growth rate since 2011.

**uls** · August 16th, 2023 09:01 PM

something that hasn't returned to pre-pandemic level

cinema

Oppenheimer is the only movie that made me go to the cinema in 3 years

**Yatta** · August 16th, 2023 09:51 PM

Back to the golden ages...

Amid rising rice prices, DTI chief says Pinoys should adjust diet | GMA News Online

Trade Secretary Alfredo Pascual has advised Filipinos to look for alternatives amid the increase in the prices of rice, which already reached over P50 per kilo.

During the Kapihan sa Manila Bay forum on Wednesday, Pascual said that Filipinos should “adopt and adjust our, maybe our diet.”

“Our diet is very traditional. We are used to eating rice…,” he said.

The Trade chief said alternatives such as camote or sweet potato as well as white corn can serve as a substitute for rice.

However, Pascual clarified that “I’m not saying, I’m pushing it now.”

**uls** · August 18th, 2023 07:53 PM

what's happening to converge stock

**Monseratto** · August 19th, 2023 06:12 PM

Originally Posted by uls

what's happening to converge stock

Pati SMPH ...

**papi smith** · August 19th, 2023 07:46 PM

If SMPH collapses next week, it's gonna take the PSEi down with it. With interest rates and USD rising, it might be the perfect storm [emoji1696]

**uls** · August 20th, 2023 01:37 PM

Originally Posted by Monseratto

Pati SMPH ...

flight to cash

maybe something bad gonna happen

**viper888** · August 20th, 2023 05:21 PM

Converge is an expensive stock that has hit a wall in terms of increasing subscriber numbers. PE ratio is still 8+

SMPH is simply hit by bad news regarding the reclamation projects

SM stops Manila Bay reclamation work, seeks next steps from gov’t - Manila Standard