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  1. Join Date
    Nov 2005
    Posts
    34,875
    #681
    Quote Originally Posted by uls View Post
    internal factors like PH 2 billion+ USD balance of payments (more imports than exports) have a lot to do with PHP weakness

    and the BSP is behind the curve (need more rate hikes to defend PHP)

    external factors contribute a lot to PHP weakness too

    money is leaving emerging markets so all EM currencies are under pressure





    to those commenting about PH economy with political bias

    that everything happening is ENTIRELY the government's fault

    just look at the attached photo

    this is an EMERGING MARKET-WIDE phenomena

    not a PH-only phenomena

    i'm not saying the govt has no fault (part of it is)

    but to say it's entirely the government's fault is IGNORANCE

  2. Join Date
    Feb 2008
    Posts
    10,780
    #682
    Quote Originally Posted by uls View Post
    dunno what's behind BSP thinking

    why are they not raising rates faster (well back-to-back rate hikes is already something) but obviously the market doesn't think it's enough

    it didn't halt PHP slide

    looks to me they're biased towards growth

    they're afraid to step harder on the brakes
    To use the famous DDS rebuttal, bakit hindi ka na lang nag BSP governor uls? 🤣🤣🤣

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  3. Join Date
    Nov 2005
    Posts
    34,875
    #683
    they offered me the job but i wanted them to put an office sa banawe area pero ayaw nila so di ko tinanggap ung trabaho

  4. Join Date
    Feb 2008
    Posts
    10,780
    #684
    Quote Originally Posted by uls View Post
    they offered me the job but i wanted them to put an office sa banawe area pero ayaw nila so di ko tinanggap ung trabaho
    I dont think so. Ung DDS lang ang i-appoint dun. Hindi ka naman bomoto eh.

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  5. Join Date
    Nov 2005
    Posts
    34,875
    #685
    kaya siguro ayaw maging mas aggressive ang bangko sentral kasi target ng gobyerno ni du30 7%-8% growth

    pag nag preno nang malakas ang BSP hindi ma-a-achieve ung target

  6. Join Date
    Nov 2005
    Posts
    34,875
    #686
    pero tingin ko di maabot ung target growth rate

    TRAIN took a lot of spending money away from consumers

    ung sinasabi ni OB na...

    dami dami tao kanina landers, parang wala naman naghihirap, bulto bulto binibile, tapos nagkaubusan pa ng shopping cart
    hindi naman representative ng average pinoy consumer ang mga landers shoppers

    pero sign yan everyone's looking for value for money

    everyone wants sale items

    nobody wants to pay full price

    so squeezed ang margin ng mga retailers

    which translates to lower profit
    Last edited by uls; June 28th, 2018 at 02:32 PM.

  7. Join Date
    Oct 2012
    Posts
    3,694
    #687
    Quote Originally Posted by Monseratto View Post
    Nice sa mga OFW... panahon ni erap yata last naging ganyan... pero kaibahan is walang train law nun time na yun...


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  8. Join Date
    Nov 2005
    Posts
    34,875
    #688
    Quote Originally Posted by ray_noel View Post
    Nice sa mga OFW... panahon ni erap yata last naging ganyan... pero kaibahan is walang train law nun time na yun...


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    kaya ang argument diyan

    kung ano ang na-gain mo sa pag palit ng dollar to peso

    kinain naman ng pagtaas ng presyo ng bilihin

  9. Join Date
    Oct 2014
    Posts
    1,211
    #689
    Quote Originally Posted by uls View Post
    kaya ang argument diyan

    kung ano ang na-gain mo sa pag palit ng dollar to peso

    kinain naman ng pagtaas ng presyo ng bilihin
    Uls, hindi na naman lumaki ang monthly ng sasakyan(kaso 140 na car wash dito sa suki ko sa davao, after 4 months bago ako nakauwi) at bahay. Basic needs? May konti epekto but not to much, for me.

  10. Join Date
    Dec 2006
    Posts
    16,521
    #690
    Quote Originally Posted by Ketib View Post
    Uls, hindi na naman lumaki ang monthly ng sasakyan(kaso 140 na car wash dito sa suki ko sa davao, after 4 months bago ako nakauwi) at bahay. Basic needs? May konti epekto but not to much, for me.
    ANALYSIS: A weak peso does not help exporters, OFW families | ABS-CBN News

    All this only shows that getting more pesos for dollars sent by relatives abroad does not necessarily insulate OFW households from the difficulties spawned by a weaker peso, rising cost of living, and the wave of price increases caused by the TRAIN scheme’s indiscriminate imposition of taxes on the populace.
    Things are rosy now because you are still working abroad. But if the peso depreciation continues, a few years down the line, your next car will be significantly more expensive. The interest for your next house will be higher and so will the prices of raw materials.

    Continued peso depreciation slows down the growth of the economy especially for a country as import-dependent as we are. This means that the local job market is potentially bleaker down the line. Put differently, this increases the chances that your kids will end up having to be OFWs as well just to have a decent living.

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Philippine Economy Talk