Philippine Economy Talk

[MR_BIG18]

Jeanne Young?

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christina hendricks of yesteryear..crush na crush ko dati yan

[kagalingan]

Actually he does and there's an ongoing legal battle with an estranged daughter ...

Tunay na anak or sa labas?

EDIT : Ah may kabit pala!!! Pero may makukuha din yan.

Kala mo lang wala, bro

Chinese na lalaki pa, wala?

Eh daming matutulis diyan, lalo na nung bata pa.

May naging alaga din yan si Tatang.

Inabutan mo ba spin-a-win TV show?

Ask mo mga oldtimers Intsek, para kwentuhan ka.

May chicks pala. Sandali spin a win??? Hindi ko maalala. Ang naabutan ko every sunday kwarta o kahon ni pepe pimentel. Magaling humour ni tito pepe. Favorite ko game dun yung yakult roletta ng kapalaran.

Pero infairy maganda pa din nangyari kasi anim na anak. Usually gera dapat yan. 19bilyon dollars!!!!

[shadow]

Actually he does and there's an ongoing legal battle with an estranged daughter ...

Was it Henry Sy or George Ty?


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[maxpedition]

Was it Henry Sy or George Ty?


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George ty

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[shadow]

George ty

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That's what I thought.


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[uls]

heto na





1% RRR cut every quarter

[c_cube]

^^^

Bagsak agad peso

52.80


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[boybi]

What happens to interest rates?

[Monseratto]

Peso too high for him [emoji20]Philippine Peso Falls After New Central Bank Governor Says It's Near Top End of Band

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[StockEngine]

Peso too high for him [emoji20]Philippine Peso Falls After New Central Bank Governor Says It's Near Top End of Band

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dollar earners rejoice

[kisshmet]

OFW is a vote rich sector of the electorate..peso has to be sacrificed to win votes come may 2019

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[uls]

PHP weakness is a side effect not the goal

goal is 7 to 8 percent GDP growth

you need to flood the financial system with money if you want growth

so you make banks lend more money by cutting reserve requirement (which the BSP will do this month) and encourage borrowing by cutting interest rates (which the BSP will do a few months later)

the market reacted to this signal by selling PHP

[uls]

but if inflation starts picking up again it can put the easing plan on hold

[Monseratto]

Mainland Chinese overtake OFWs as top buyers in Philippine residential market — report

[Monseratto]

Peso gained ahead of BSP policy meeting... under Diokno.

PSE is above 8,000 pts...

[uls]

^^^

no rate hike was widely expected

it's too early for a rate hike

i was expecting RRR cut... but no rrr cut

in short NO CHANGE in monetary policy

-

BSP shouldn't react too quickly to slowing inflation

inflation can pick up again due to rising fuel prices and weaker PHP

they should wait for more data... at least 2 more months

[Monseratto]

Expected drop in the inflation rate...

[uls]

i dunno pero i doubt March inflation will be even slower than Feb inflation considering higher fuel prices and weaker PHP

we'll find out

[Monseratto]

ADB cuts 2019 growth forecast for the Philippines

The ADB sees inflation easing to 3.8 percent this year and returning within the government’s 3-4 percent target range for 2019 “as global oil prices moderate, food supply improves with a recent law replacing quantitative restrictions on rice imports with tariffs, and last year’s monetary tightening continues to be effective,” it said in a statement.

Headline inflation averaged a 10-year high of 5.2 percent last year due to higher excise taxes slapped on consumption, food supply bottlenecks, and skyrocketing global oil prices.

[uls]

anecdotal evidence of slowing PH econ

some people i talked to say the same thing -- "mahina"

i can attribute it to:

1. last year's BSP rate hikes --> higher borrowing cost --> less borrowing = less spending

2. delayed approval of 2019 govt budget

less money going around --> things slow down