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  1. Join Date
    Nov 2005
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    34,815
    #571
    looks like the market is now seriously concerned over the falling peso

    companies that have a lot of dollar debt raise your hands

  2. Join Date
    Jul 2013
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    2,030
    #572
    Quote Originally Posted by uls View Post
    looks like the market is now seriously concerned over the falling peso

    companies that have a lot of dollar debt raise your hands
    foreign investors pulling out their money. luge sila pag mababa ang piso.

  3. Join Date
    Nov 2005
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    34,815
    #573
    also demand for dollars as foreign funds sell stocks and convert PHP to dollars

    demand for dollars driving USD higher

    forcing more selling

    feedback loop

  4. Join Date
    Nov 2005
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    #574
    reposting this from May 30


    Quote Originally Posted by uls View Post
    friend: how much more can stocks fall?

    me:





    friend: seryoso?!

    me: dunno... i just like drawing lines on charts

  5. Join Date
    Jan 2003
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    2,407
    #575
    Quote Originally Posted by uls View Post
    also demand for dollars as foreign funds sell stocks and convert PHP to dollars

    demand for dollars driving USD higher

    forcing more selling

    feedback loop
    Plus you have a hawkish US Fed. Economists are divided if the BSP will be raising the rates soon.

  6. Join Date
    Nov 2005
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    #576
    Quote Originally Posted by A121 View Post
    Plus you have a hawkish US Fed. Economists are divided if the BSP will be raising the rates soon.
    actually market reaction to the Fed's rate hike last wednesday was negative

    it was the reaction to the ECB last thursday that drove the euro lower which drove the dollar higher

    so yeah it also has to do with dollar strength

    --

    yes according to a bloomberg survey 5 out of 8 economists are expecting the BSP to raise rates on wednesday

    Sec Pernia said inflation has already peaked

    if the BSP also believes that, then it's unlikely they'll do anything

  7. Join Date
    Sep 2003
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    21,866

  8. Join Date
    Nov 2005
    Posts
    34,815
    #578

    ung sa nutriasia mga protesters hindi daw empleyado

    members daw ng kadamay

    --

    re zesto

    this one also

    Local juice maker halts production >> Manila Bulletin Business
    Columbia International Food Products Inc., one of the country’s biggest candy manufacturers, has phased out its sugar-sweetened beverage product line, after it was rendered unviable following the implementation of higher taxes under the TRAIN Law.

    Company president Reynaldo Y. Go said in a press conference they have decided to stop producing its beverage product “My Juice” because the government was asking them to pay P7.20 in excise tax for its P7.05 juice.

    7.20 peso tax on 7 peso juice

    wtf
    Last edited by uls; June 18th, 2018 at 01:57 PM. Reason: typo pero --> peso

  9. Join Date
    Jul 2007
    Posts
    46,603
    #579
    Nooooooo That's one of the few products that survived from my childhood.

    Pero bakit yung sodas, they seem to be doing fine? Economies of scale?

  10. Join Date
    Nov 2005
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    34,815
    #580
    Quote Originally Posted by _Cathy_ View Post
    Nooooooo That's one of the few products that survived from my childhood.

    Pero bakit yung sodas, they seem to be doing fine? Economies of scale?
    and people don't seem to be cutting back on softdrinks

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Philippine Economy Talk