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  1. Join Date
    Sep 2003
    Posts
    21,866
    #541
    Another bad day at the PSE...

    As of June 13, 2018
    1:19:00

    PSEi
    7,582.56
    Down-188.74
    Down-2.43%▼

  2. Join Date
    Nov 2005
    Posts
    34,818
    #542
    Sen. Bam Aquino: ?Inflation now out of control? | Philstar.com
    MANILA, Philippines — Saying that prices of goods in the country have gone out of control, Sen. Paolo Benigno Aquino IV is urging the government to contain it by amending certain inflationary provisions of the Tax Reform for Acceleration and Inclusion (TRAIN) law.

    Aquino reiterated his push for the immediate passage of his Senate Bill 1798, which seeks to roll back the excise taxes imposed on petroleum products once inflation surpasses the annual target range for three consecutive months.

    “At this point I think the government needs to act and make sure that any burden to the people should not be aggravated. Let us provide relief when people are injured,” the senator told “The Chiefs” on Cignal TV’s One News channel.

    He said the four percent inflation rate projected by economic managers this year has been repeatedly breached in the last three months after TRAIN took effect in January.

    i agree

    prices are out of control

    but not only because of TRAIN

    just look at USDPHP exchange rate

    if you're an importer, dollars keep getting more expensive

    you need more pesos to buy dollars to pay for imports

    so naturally you have to raise prices now so you'll have enough pesos to buy dollars (which is now more expensive)

    now people will ask "why do you raise prices on old stock that you bought when the dollar was cheaper?"

    answer "coz now you need more pesos to buy the same amount dollars to pay for new stock... unless you don't want to replenish your stock anymore and shut the down the business after selling all the old stock"

  3. Join Date
    Nov 2005
    Posts
    34,818
    #543
    tumataas ang puhunan mo every time bibili ka ng bagong paninda

    kailangan ka humabol

    kailangan ka magtaas ng presyo NGAYON

    kung hindi ka nakahabol, kukulangin ang puhunan mo

    paano ka bibili ng bagong paninda?

  4. Join Date
    Nov 2005
    Posts
    34,818
    #544
    Quote Originally Posted by Wh1stl3r View Post




    USDPHP can easily punch thru 53.50 in no time as long as the BSP doesn't do anything

    the peso needs central bank support but it's not getting any

    the Indonesian rupiah was under speculative attack and their central bank raised rates 2X IN A SPAN OF 2 WEEKS and said will do more to support the rupiah

    that scared the hell out of speculators

    our central bank seems to be strolling in the park

  5. Join Date
    Nov 2005
    Posts
    34,818
    #545
    OFW remittances and BPO earnings and exports can't match the strong demand for dollars needed to pay for imports

    PH forex reserves declining in case nobody noticed

  6. Join Date
    Mar 2013
    Posts
    5,352
    #546
    Buying $ today. This exchange rate is nuts. Gotta protect against further devaluation.

    Sent from my SM-N950F using Tapatalk Pro

  7. Join Date
    Nov 2005
    Posts
    34,818
    #547
    and here's the thing

    you can raise prices but your customers may not be able to afford na

    so you gotta weigh --- maintain old price or raise price

    can you live with smaller profit margin?

    that's why stocks can't rally

    the pinoy consumer is getting squeezed

    the market sees lower earnings for companies going forward

  8. Join Date
    Jul 2008
    Posts
    5,993
    #548
    Quote Originally Posted by uls View Post
    USDPHP can easily punch thru 53.50 in no time as long as the BSP doesn't do anything

    the peso needs central bank support but it's not getting any

    the Indonesian rupiah was under speculative attack and their central bank raised rates 2X IN A SPAN OF 2 WEEKS and said will do more to support the rupiah

    that scared the hell out of speculators

    our central bank seems to be strolling in the park
    Agree. BSP should make a more substantial rate hike. Admin seems to think economic growth will remain the same despite runaway inflation.

    How will people keep on buying stuff when consumer confidence dives with all these price hikes? Once the buying slows there won't be much growth anyway.

    Buti sana kung pareho lahat ni OB na utang is life pa rin kahit ganito ang panahon.
    Last edited by Wh1stl3r; June 13th, 2018 at 04:09 PM.

  9. Join Date
    Nov 2005
    Posts
    34,818
    #549
    BSP better do something quick


  10. Join Date
    Nov 2005
    Posts
    34,818
    #550
    people are rushing to buy dollars before it gets even more expensive

    that demand is driving up value of the dollar

    self-reinforcing feedback loop

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Philippine Economy Talk