Philippine Economy Talk

[chronicle]

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High inflation rate correlates to change in leadership?

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[Wh1stl3r]

Php at a 12 year low
Peso weakens to 12-year low | Inquirer Business

[uls]

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High inflation rate correlates to change in leadership?

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in other countries, high food prices can topple governments

but Venezuela's Maduro is still in power despite 82,000 percent inflation

[uls]

Php at a 12 year low
Peso weakens to 12-year low | Inquirer Business

A month after implementing its biggest rate hike in a decade to fight rising prices, the central bank on Wednesday reverted to its stance of highlighting the role of “food supply shocks”—factors it says are beyond its control—in pushing the August inflation rate to a nine-year high of 6.4 percent.

Bangko Sentral ng Pilipinas Governor Nestor Espenilla Jr. also urged government policy makers to use “more decisive nonmonetary measures” to fully address inflation that were rooted in “cost-push factors,” and rice supply in particular.

The central bank chief added that strong domestic demand was also “making it too convenient for producers and traders to pass on higher costs and possibly more to consumers.”

producers and traders will charge as high as their customers can tolerate

pag humihina ang demand doon lang sila magbababa ng presyo

for now malakas ang demand


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seems like Espenilla is saying rate hikes won't be able to tame inflation and wants the gov't to do something

[chronicle]

in other countries, high food prices can topple governments

but Venezuela's Maduro is still in power despite 82,000 percent inflation

Hope that we are not as blind as venezuela.

Change in leadership is just a trend that sticks out on the historical inflation rate of the phils.
Of course, aberation are the martial law years.

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[Monseratto]

seems like Espenilla is saying rate hikes won't be able to tame inflation and wants the gov't to do something

Goverment should lift protectionist policies on food staples and allow legit businesses to import... until demand tapers off.

[Monseratto]

Meanwhile in Singapore lah...

[Wh1stl3r]

producers and traders will charge as high as their customers can tolerate

pag humihina ang demand doon lang sila magbababa ng presyo

for now malakas ang demand


--


seems like Espenilla is saying rate hikes won't be able to tame inflation and wants the gov't to do something

Tama pala si OB, dapat lahat tayo isang lata lang ng corned beef for 4? days para makaramdam ng tumal ang mga suppliers.

[essjei55]

Tama pala si OB, dapat lahat tayo isang lata lang ng corned beef for 4? days para makaramdam ng tumal ang mga suppliers.

Magiging gym fit body ka pa.. [emoji123][emoji23]

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[dreamur]

Terms of Service Violation



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[uls]

Goverment should lift protectionist policies on food staples and allow legit businesses to import... until demand tapers off.

so NFA buys rice from farmers then sells the rice at artificially low price (subsidized price)

problem with this is --- the government acting as the loss-taker provides an ever-present opportunity for traders and corrupt govt officials to profit from

traders buy rice from NFA and repackage the rice as commercial rice

only a small fraction of NFA rice ends up in market as subsidized rice

the rest end up in market as commercial rice

[uls]

Sir A121

looks like the flood has arrived

[uls]

EM contagion

parang baha

unang binabaha mga mababang lugar

Argentina, Turkey, Brazil...



hindi titigil ang ulan

tataas nang tataas ang baha

don't even think for a minute that PH is immune

the floodwater will reach us

[A121]

Sir A121

looks like the flood has arrived

Sakay na tayo sa bangka habang nasa sakong pa lang ang tubig.

[uls]

Sakay na tayo sa bangka habang nasa sakong pa lang ang tubig.

hehe


________________

[Monseratto]

Looks like Foreign Sellers dumping shares and converting to dollar in a huff...

[uls]

^^^

EM contagion arrives at our beach

[dreamur]

I dumped all greens and left the reds. [emoji25][emoji25][emoji25]

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[c_cube]

Wala na, no choice na, price adjustment na sa mga dealers ko. Hindi na kaya

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[uls]

^^^

like i said importers will have to raise prices to chase more expensive dollars