Philippine Economy Talk

[Monseratto]

[minicarph]

Bad trip naman bababa pa dollar, nabile ko na lahat ng wishlist imported ko this Jan

[StockEngine]

Bad trip naman bababa pa dollar, nabile ko na lahat ng wishlist imported ko this Jan

hindi naman bababa sobra sobra.. konti lng🤭

[uls]

and because the Fed is on hold, foreign funds are back bigtime

[Monseratto]

Inflation rate for January 2019...


Inflation slowed down to 4.4% in January —PSA | Money | GMA News Online

[uls]

totally expecting no change so no posts leading up to this

Bangko Sentral keeps interest rates steady as inflation cools | ABS-CBN News

MANILA -- The Bangko Sentral ng Pilipinas on Thursday kept borrowing costs unchanged as expected, after inflation eased further from near 10-year highs in 2018.

The overnight borrowing rate stayed at 4.75 percent after the Monetary Board's first policy meeting for the year. It raised the benchmark by 175 basis points last year.

[minicarph]

ganda ng offer saken ngaun interest sa text ng bangko, grabe eto na ata pinakalowest na na me tanggap ko

a week ago, an old bank of mine na wala na ako deposit for like 5 years na, texted me telling im pre-approved for a car loan, pero 400K lang naman, no documents needed


nakaka-tempt din kaya lang promise ko sa sarile ko yun Montero, ka- cash ko na eh, no more utang muna, basta nag-close yun deal ko na inaasikaso ko ngaun yun tubo ko dun pambile ko ng Montero + magbebenta na ako 2 second hand cars

its okey hinde namna ako nagmamadali, kasi antay ko pa naman bago facelift ng Montero yun sa bago strada ngaun.

first time ko mag-cash ulet ng sasakyan after like 20 years na hihi, the first time nag-cash ako ng sasakyan and my last was 1999 pa

[shadow]

ganda ng offer saken ngaun interest sa text ng bangko, grabe eto na ata pinakalowest na na me tanggap ko

a week ago, an old bank of mine na wala na ako deposit for like 5 years na, texted me telling im pre-approved for a car loan, pero 400K lang naman, no documents needed


nakaka-tempt din kaya lang promise ko sa sarile ko yun Montero, ka- cash ko na eh, no more utang muna, basta nag-close yun deal ko na inaasikaso ko ngaun yun tubo ko dun pambile ko ng Montero + magbebenta na ako 2 second hand cars

its okey hinde namna ako nagmamadali, kasi antay ko pa naman bago facelift ng Montero yun sa bago strada ngaun.

first time ko mag-cash ulet ng sasakyan after like 20 years na hihi, the first time nag-cash ako ng sasakyan and my last was 1999 pa

₱400k uutangin mo pa bank? Ano naman mabibili mo na kotse?


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[minicarph]

iniisip ko bumile ng Harley Davidson yun naka display sa Fort Shangrila,

[ray_noel]

iniisip ko bumile ng Harley Davidson yun naka display sa Fort Shangrila,

Kulang pa yata 400k mo na uutangin sa bank... [emoji1787]
You know how to drive MC? [emoji33]


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[threx666]

don't feed the trolls folks

[uls]

if inflation stays tame, the next thing BSP will do is cut banks' RRR (the amount banks are required to hold in reserve)

na-pause ung RRR cuts last year dahil sa tumataas na inflation


-

when banks are required to hold less money in reserve that means they can lend out more money

[ray_noel]

if inflation stays tame, the next thing BSP will do is cut banks' RRR (the amount banks are required to hold in reserve)

na-pause ung RRR cuts last year dahil sa tumataas na inflation


-

when banks are required to hold less money in reserve that means they can lend out more money

Does it mean, less RRR less interest rates or it has nothing to do with interest rates the banks can offer?


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[Monseratto]

Who said dead tycoon leaves no problem....

19feb3-Battle royal looms over mogul’s estate – ManilaMail.com

On his business empire depend thousands of workers and employees in various companies, some of which are blue chip and publicly listed, while some are in joint venture with large foreign firms. The second wife’s family controls many of the blue chip corporations.

He was also into auto, property development, power generation and insurance. As a young entrepreneur who had experienced difficulty borrowing from a bank, he decided to put up his own. That bank is now one of the country’s largest and most trusted.

[boybi]

Who said dead tycoon leaves no problem....

19feb�3-Battle royal looms over mogul’s estate – ManilaMail.com

Will this have an effect on his bank?

[uls]

Does it mean, less RRR less interest rates or it has nothing to do with interest rates the banks can offer?


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lower RRR means banks can free up more funds for loans rather than holding in reserve

interest rates is a different BSP tool

[uls]

Will this have an effect on his bank?

i think wala coz the bank is a publicly listed company run by professional managers

the quarrel over inheritance shouldn't have an effect on day-to-day operations of the bank

[Monseratto]

Dollar rate today...

[uls]

^^^

thanks to the Fed

the shift from hawkish to dovish stance is good for EM currencies

[uls]

PH December trade data

Exports -12.3% YoY

Imports -9.4% (well that's good for PHP humina imports = less demand for $$$)